JoJo Limited's board approved the allotment of 90,00,000 equity shares upon the conversion of warrants issued to promoters and public investors.
The conversion generated a cash inflow of ₹27 crore from the receipt of the remaining ₹30 per warrant exercise price.
The company's paid-up equity capital increased from ₹25.48 crore to ₹34.48 crore, with all outstanding warrants now fully converted.