Madhuveer Com 18 Network Ltd

Bonus issue

• Shareholders approved the bonus issue at the AGM held Sep 29, 2026.
• BSE in-principle approval for the bonus issue received on Oct 5, 2026.
• Board approved the allotment of 6,89,61,400 bonus shares at Rs 5.
• Record date fixed for the bonus issue as Oct 12, 2026.
• Post-bonus paid-up capital increased to Rs 68,96,14,000; total equity shares 13,79,22,800.
• Bonus shares will rank pari-passu with existing equity shares.
• Bonus shares credited to holder accounts within statutory timelines.

AGM Details

• Held on 29 Sept 2026, 3:00 PM IST, via VC/OAVM.
• Meeting concluded at 3:24 PM IST.
• Remote e-voting: Sept 26–28; voting allowed until 15 minutes after meeting.

Resolutions

• Adoption of audited financial statements and reports.
• Re-appointment of executive director retiring by rotation.
• Approval and declaration of final dividend for FY2025-26.
• Increase Authorized Share Capital and alter MOA capital clause.
• Approval of issue of bonus shares.

Voting Status

• Voting results to be announced within 48 hours.
• Results will be displayed on company, NSDL, and exchanges.
• No queries were raised during the AGM.

Dividend

• Final dividend resolution; per-share amount not disclosed.

Directors

• Executive director re-appointed, retiring by rotation.

Auditors & Related

• No auditor changes disclosed; no material RPTs reported.

JOJO Ltd closes trading window from October 1, 2026 until 48 hours after the declaration of its unaudited financial results for the quarter ended September 30, 2026

Channel distribution with Samsung TV Plus

• JOJO signed agreement with Samsung India Electronics Pvt. Ltd as channel partner.
• JOJO TV to be available on Samsung TV Plus across India.
• Samsung TV Plus is embedded in Samsung smart TVs, enabling native access.
• Samsung India Electronics Pvt. Ltd added as channel partner; distribution via Samsung TV Plus.

Financial snapshot

• Standalone gross income: 2,259.37 Lacs for FY2025-26.
• Standalone PAT after tax: 588.64 Lacs, up from prior year.
• Consolidated total income: 2,401.41 Lacs for FY2025-26.
• Consolidated PAT: 561.58 Lacs for FY2025-26.
• Standalone EPS: 2.31; Consolidated EPS: 2.20.

Capital & dividends

• Authorized share capital increased to Rs 70 Cr; 14,00,00,000 equity shares of Rs 5.
• Bonus issue approved 1:1; record date 22-Sep-2026.
• Final dividend of Rs 0.025 per share (0.5%) proposed for FY2025-26.
• Promoter stake 67.80% as of 31-03-2026; Dhruvin Shah 34.80%, Sagar Shah 31.59%.
• Cash balance stood at Rs 728.46 Lacs; strength in liquidity.

Strategic developments

• Airtel Xstream app-in-app integration expands distribution footprint.
• JOJO TV launched on LG Channels; broadens connected-TV reach.
• JOJO Studios enters Gujarati feature-film production with Over & Out.
• Premier Ads World (PAW) launched as a 360° marketing platform.
• Corporate rebranding: Madhuveer to JOJO Limited completed via postal ballot.

Governance & audits

• Statutory auditors: Shah Sanghvi & Associates; Secretarial auditor: Rupal Patel.
• Board met seven times in FY2025-26; independent directors active.
• Secretarial audit notes Reg 32 deviation not filed; BSE waiver application filed.

Subsidiaries & consolidation

• Subsidiaries: Sakshi Barter Pvt Ltd, Navkar Events Pvt Ltd, JOJO Studios Pvt Ltd, Premier Adsworld Pvt Ltd, JOJO Global Inc.
• Consolidation includes five subsidiaries; equity shareholdings mainly 99.99%–100%.
• Notable intercompany lending/receivables: JOJO Studio, Premier Adsworld, Navkar Events.

Outlook & risks

• Indian M&E growth remains robust; rising ad spend creates opportunities in PAW.
• Competition from larger players; execution risk on new ventures in studios and advertising.

AGM Details

• AGM date, time, mode: 29 Sep 2026 at 3:00 PM via VC/OAVM.
• Record date for dividends: 22 Sep 2026.
• Register closure: 23–29 Sep 2026.

Resolutions

• Adopt Standalone and Consolidated Audited Financial Statements for FY2025-26.
• Re-appoint Executive Director Sagar Samir Shah, retiring by rotation.
• Declare final dividend of Rs 0.025 per share for FY2025-26.
• Increase Authorized Share Capital to Rs 70 crore and amend MOA.
• Approve 1:1 bonus issue; record date 22 September 2026.

Dividend

• Final dividend of Rs 0.025 per equity share; payable within 30 days post AGM approval.

Directors

• Executive Director Sagar Samir Shah to be reappointed.

AGM reschedule and closure

• AGM to be held on a revised September 2026 date; final date in final AGM notice.
• Book closure for AGM: Sep 24–30, 2026 (inclusive).
• Record closure: Register of Members and Share Transfer Books close Sep 29, 2026 at 3:00 PM IST.
• Remote e-voting to be aligned with revised AGM date.
• Scrutinizer appointed: Mrs. Rupal Patel, Practicing Company Secretary; approved Aug 17, 2026 board meeting.

Agreement details

• Entered into a Content Distribution Agreement with Jio Platforms Limited to distribute JOJO TV on JioFastTV.
• JOJO TV Gujarati FAST channel now live on JioFastTV, expanding distribution nationwide.
• No additional subscription cost for JOJO TV on JioFastTV.
• JioFastTV adds a significant new distribution platform within JOJO's network.