Board approves proposal to incorporate a private company in Dubai's DIFC
Board has approved a proposal to incorporate a private company in the Dubai International Financial Centre (DIFC), proposed to be named "Jojo Holdings Ltd." Incorporation is at the proposal and documentation stage; final name.
By ScoutQuest · · 2 min read
- Proposed Entity
- incorporate a private company in the Dubai International Financial Centre (DIFC)
- Proposed Name
- "Jojo Holdings Ltd."
- Stage
- incorporation is presently at the proposal and documentation stage
The announcement
JOJO Limited, formerly known as Madhuveer Com 18 Network Limited, has informed BSE that its Board of Directors has approved the proposal to incorporate a private company in the Dubai International Financial Centre (DIFC), Dubai, United Arab Emirates.
- The proposed company is initially proposed to be named "Jojo Holdings Ltd.", or such other name as may be approved by the DIFC Registrar of Companies.
- The Board has authorised Mr. Dhruvin Shah to propose or agree to any change in the name of the proposed company prior to its incorporation, and to undertake the necessary actions and execute the requisite documents, including the Articles of Association.
- The proposed company's authorised signatory arrangements and other incorporation formalities shall be completed in accordance with applicable laws and the requirements of the DIFC Registrar of Companies.
Stage of the plan
The update states that the incorporation is presently at the proposal and documentation stage. It adds that further details, including the final name, shareholding structure, capital contribution, objects and date of incorporation, shall be disclosed, as applicable, upon confirmation of the relevant particulars. The company says it will make further disclosures to the stock exchange as and when the relevant particulars are finalised and the applicable disclosure requirements are triggered.
How to read it
- This is an intimation of a Board approval of a proposal to set up an overseas entity; the incorporation itself is yet to take place.
- The decision covers the name, the person authorised to act on the incorporation, and the execution of documents such as the Articles of Association.
- The particulars that will define the structure of the new entity, such as the shareholding structure, capital contribution, objects and date of incorporation, are to follow as and when confirmed, according to the update.
What investors may track
- Further disclosures from the company on the incorporation, which it has said it will make as and when the relevant particulars are finalised.
- Any change in the proposed name prior to incorporation, which Mr. Dhruvin Shah has been authorised to propose or agree to.
Also from JOJO
Board meeting on 4 November 2026 to consider and approve unaudited Q2 results
23 Oct 2026
Board meet on 26 October 2026 to consider sub-division of shares from Rs.5/- to Re.1/-
19 Oct 2026
Board approves allotment of 6,89,61,400 bonus shares in 1:1 ratio
13 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.