JOJO Ltd's Board approved a 1:2 stock split, dividing each ₹10 face value share into two ₹5 shares. The move aims to boost share liquidity and broaden investor participation.

JOJO Ltd Announces 1:2 Stock Split

JOJO Ltd's equity shares will be split in a 1:2 ratio, with the face value reducing from ₹10 to ₹5 per share.

Reader Takeaway: Stock split to enhance liquidity; awaiting shareholder nod and record date.

What just happened

The Board of Directors of JOJO Limited has approved a sub-division of its equity shares in a 1:2 ratio. This means each existing equity share with a face value of ₹10 will be divided into two equity shares, each with a face value of ₹5. The company's pre-split paid-up share capital stands at ₹3.44807 crore.

Why this matters

This corporate action is intended to increase the liquidity of JOJO Ltd's shares in the market. By lowering the per-share price, the company aims to make its stock more accessible to a wider range of investors, potentially leading to increased trading volumes and broader participation.

The backstory

JOJO Ltd's authorized share capital is ₹38 crore. The recent board approval for the stock split, announced on June 10, 2026, is a strategic move to make the shares more attractive and affordable for retail investors.

What changes now

While the board has approved the split, it is subject to approval from the company's members via a postal ballot. PCS Rupal Patel has been appointed as the Scrutinizer to oversee this process. The company expects the entire sub-division to be completed within three months.

Risks to watch

The primary risk is the outcome of the shareholder approval through the postal ballot. The exact record date, which determines which shareholders are eligible for the split, has not yet been announced. Investors need to await this official date.

Peer comparison

Stock splits are common corporate actions undertaken by many listed companies to improve share liquidity and attract a broader investor base. Companies often resort to this strategy when their share price reaches levels considered high for retail investors.

Context metrics (time-bound)

JOJO Ltd had a paid-up share capital of ₹3.44807 crore as of June 10, 2026. The authorized share capital is ₹38 crore.

What to track next

Investors should closely follow future announcements from JOJO Ltd regarding the postal ballot results and the official record date for the stock split. Monitoring trading volumes and share price movements post-split will also be crucial.