JOJO Ltd will split its existing equity shares from a Rs 5 face value to Rs 1 face value. This move aims to improve stock liquidity and encourage retail participation. The total paid-up share capital will remain Rs 68.96 crore, while the total share count will increase to 68.96 crore. The process is currently awaiting shareholder approval via a postal ballot.
JOJO Ltd Announces 1:5 Equity Share Split
13.79 crore shares will be converted into 68.96 crore shares. The total paid-up capital remains unchanged at Rs 68.96 crore.
Reader Takeaway: Stock split improves share liquidity and affordability for retail investors, though fundamentals remain unchanged.
What just happened
The Board of Directors of JOJO Ltd has approved a sub-division of its equity shares. Every single share with a face value of Rs 5 will be split into 5 new shares with a face value of Rs 1 each. This decision was finalized during the board meeting held on October 26, 2026.
Why this matters
Management aims to enhance liquidity and increase public shareholder participation. By lowering the share price through a split, the stock may become more accessible to retail investors who prefer buying at lower per-share prices. Importantly, this action does not alter the underlying valuation or the total paid-up share capital of the company.
The process ahead
The proposal now heads to shareholders for final approval via a postal ballot. The company has appointed CS Rupal Patel as the scrutinizer to oversee the voting process. The company expects the entire subdivision exercise to be completed within two months of the board approval date.
What to track next
Investors should keep an eye on the forthcoming announcement regarding the 'record date'. This date is crucial as it determines which shareholders are entitled to receive the sub-divided shares in their demat accounts once the corporate action is officially processed.