JoJo Limited Allots 90,00,000 Equity Shares Upon Full Conversion of Warrants on Preferential Basis

JoJo Limited (formerly known as Madhuveer Com 18 Network Limited) has allotted 90,00,000 fully paid-up equity shares of face value Rs.10/- each upon conversion of warrants into equity shares on a preferential basis. The Board of Directors approved this allotment at its meeting held on May 07, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Allotment Details and Issue Price

The allotment was made for cash upon receipt of the remaining exercise price of Rs.30/- per share warrant, representing 75% of the total warrant exercise price of Rs.40/- per warrant. The aggregate amount received on account of this balance exercise price totals Rs.27,00,00,000/- (Rupees Twenty-Seven Crore Only). The equity shares allotted rank pari passu with the existing equity shares of the company in all respects. The warrants were originally allotted on November 07, 2024, with an initial payment of Rs.10/- per warrant (25% of the issue price) collected at the time of allotment.

The following table summarises the allotment across eight allottees from the Promoter Group and Public Category:

Allottee: Category Warrants Allotted Warrants Converted Warrants Pending Dhruvin Daksheshbhai Shah Promoter Group 27,00,000 27,00,000 0 Dakshesh Rameshchandra Shah Promoter Group 5,00,000 5,00,000 0 Sheetal Dakshesh Shah Promoter Group 3,00,000 3,00,000 0 Samir Shah Promoter Group 5,00,000 5,00,000 0 Shweta Shah Promoter Group 5,00,000 5,00,000 0 Meet Kariya Public Category 5,00,000 5,00,000 0 Jay Kariya Public Category 5,00,000 5,00,000 0 Shlok Rathod Public Category 35,00,000 35,00,000 0 Total 90,00,000 90,00,000 0

Impact on Paid-Up Capital

Consequent to the aforesaid allotment, the paid-up equity capital of the company has increased as detailed below:

Parameter: Pre-Allotment Post-Allotment Paid-Up Capital: Rs.25,48,07,000/- Rs.34,48,07,000/- Number of Equity Shares: 2,54,80,700 3,44,80,700 Face Value per Share: Rs.10/- Rs.10/-

Warrant Reconciliation

With this allotment, all warrants originally issued on November 07, 2024, have been fully converted. The reconciliation of the outstanding warrants is as follows:

Particulars: No. of Warrants Total Warrants allotted on November 07, 2024: 1,00,00,000 Less: Warrants converted into equity shares till August 11, 2025: 10,00,000 Less: Warrants converted into equity shares till May 07, 2026: 90,00,000 Total Outstanding Warrants: 0

All warrants outstanding for conversion have been converted on May 07, 2026, leaving no outstanding warrants for conversion.

Pre and Post-Allotment Shareholding

The table below presents the pre- and post-issue shareholding of each allottee following the preferential allotment:

Allottee: Pre-Issue Shares Pre-Issue % Post-Issue Shares Post-Issue % Dhruvin Daksheshbhai Shah 88,67,486 36.22 1,15,67,486 33.55 Dakshesh Rameshchandra Shah 0 0.00 5,00,000 1.45 Sheetal Dakshesh Shah 3,60,360 1.47 6,60,360 1.92 Samir Shah 0 0.00 5,00,000 1.45 Shweta Shah 0 0.00 5,00,000 1.45 Meet Kariya 12,50,000 5.11 17,50,000 5.08 Jay Kariya 12,50,000 5.11 17,50,000 5.08 Shlok Rathod 25,00,000 10.21 60,00,000 17.40 Total 1,42,27,846 58.12 2,32,27,846 67.38

The allotment was made under the provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws, on a private placement basis. The Board Meeting commenced at 5.30 p.m. and concluded at 6.30 p.m. on May 07, 2026.

JOJO Limited has officially launched its new corporate website following the completion of its name change from Madhuveer Com 18 Network Limited. The company notified BSE Limited on April 13, 2024, about the website transition as part of its regulatory compliance obligations.

Website Transition Details

The company has implemented a comprehensive website change to align with its new corporate identity. The transition involves moving from the previous website to a new platform that better reflects the updated company name.

Parameter: Details New Website: https://jojolimited.com Previous Website: https://www.mcom18.com/ Transition Status: Previous site to be discontinued/redirected Effective Date: April 13, 2024

Regulatory Compliance

The website change was implemented following the successful completion of the company name change process. The name change from " Madhuveer Com 18 Network Limited" to "JOJO Limited" received necessary approvals from multiple regulatory bodies and stakeholders.

The approvals were obtained from:

Company shareholders

Registrar of Companies

BSE Limited

Stakeholder Benefits

The company emphasized that the new website has been designed to enhance user experience and accessibility. The website change aims to provide better identification and convenience for various stakeholder groups, enabling seamless access to company-related information under the updated corporate name.

Information Continuity

JOJO Limited has assured that all mandatory disclosures and regulatory filings will remain accessible through the new website. The company confirmed that all disclosures, filings, policies, financial results, and other investor-related information required under Regulation 46 of the SEBI (LODR) Regulations, 2015 will continue to be available on the new platform.

The notification was signed by Pushti Rajani, Company Secretary & Compliance Officer (Membership No A78352), ensuring proper authorization and compliance with regulatory requirements.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.