The 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 name for this company is "Jojo Holdings Ltd.", subject to approval by the DIFC Registrar of Companies, which may result in a different final name.
The Board has authorized Mr. Dhruvin Shah to propose or agree to any change in the name of the proposed company prior to its incorporation. Mr. Shah is also authorized to undertake all necessary actions and execute the requisite documents, including the Articles of Association, for the incorporation process.
The incorporation is currently at the proposal and documentation stage. The authorized signatory arrangements and other incorporation formalities will be completed in accordance with applicable laws and the requirements of the DIFC Registrar of Companies.
Key details including the final company name, shareholding structure, capital contribution, objects, and date of incorporation have not been finalized and will be disclosed to the stock exchange at a later date once confirmed. The company commits to making further disclosures as and when the relevant particulars are finalized and applicable disclosure requirements are triggered.