Reg 32

JOJO LIMITED (Formerly known as Madhuveer Com 18 Network Limited) 13" August 2026 The Corporate Relations Department BSE Limited, Rotunga Building, P.J. Towers, Dalal Street, Mumbai - 400001. Scrip Code: 531910 Sub: Disclosure under Regulation 32(1) of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to SEBI circular-CIR/CFD/CMD1/162/2019 dated 24% December, 2019 as amended from time to time till date, regarding Format on Statement of Deviation or Variation for proceeds of public issue/rights issue preferential issue, Qualified Institutions Placement (QIP) etc. in reference to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We hereby confirm that there is no deviation and/or variation in the utilization of proceeds, from the object mentioned in notice of Extra Ordinary general meeting of the members of the company held on 4 Day of September, 2024 for issuance of 1,00,00,000 (One Crore) Convertible warrants on a preferential basis for cash consideration at a price of Rs. 40/- (Rupees Forty Only) (including the Warrant Subscription Price and the Warrant Exercise Price). The Company has received fund from the Allottees Seventy-Five Percent of consideration amount aggregating to X 27,00,00,000 (Rupees Twenty Seven Crores Only) as required under the SEBI ICDR Regulations. A statement of deviation, stating that there is no deviation or variation in the utilization of these proceeds, duly reviewed by the Audit Committee, is attached herewith as Annexure-A. This is for your information and necessary records. Thanking you, Yours faithfully, For JOJO Limited Madhuyeer Com 18 Network Limited) PUSHTI \ TANMAY RAJANI_ Pushti Rajani Company Secretary and™ M. No.: A78352 Encl.: As Above Email ID - info@jojolimited.com | Contact - +91 9157024032, +91 9081675111 Website - www.jojolimited.com, | CIN - LO3000GJ1995PLC026244 | GSTIN - 24AACCT3820A2Z0 Registered Office - 812, Anand Mangal 3, Opp. Core House, Nr. Hirabag Road, Ambavadi, Ahmedabad, Gujarat, 380006 JOJO LIMITED (Formerly known as Madhuveer Com 18 Network Limited) Statement of Deviation / Variation in utilization of funds raised under Preferential issue - Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Name of Listed Entity JOJO Limited Mode of Fund Raising Issuance of Convertible warrants on a preferential basis for cash consideration Date of Raising Fund 7% May 2026 Amount Raised %27,00,00,000 (Seventy-Five Percent of allotted shares of 90,00,000) (Total amount raised under Preferential issue is X 40,00,00,000) Report filed for Quarter and Year Ended June 30,2026 Monitoring Agency NA Monitoring Agency Name, If Applicable NA Is there any Deviation / Variation in use of funds | No raised If yes, Whether the same is pursuant to change in | NA terms of a contract or object, which was approved by the shareholders If Yes, Date of Shareholder approval NA Explanation for Deviation / Variation NA Comments of Audit Committee after review No Comments Comments of auditors if any No Comments Email ID - info@jojolimited.com | Contact - +91 9157024032, +91 9081675111 Website - www.jojolimited.com, | CIN - LO3000GJ1995PLC026244 | GSTIN - 24AACCT3820A2Z0 Registered Office - 812, Anand Mangal 3, Opp. Core House, Nr. Hirabag Road, Ambavadi, Ahmedabad, Gujarat, 380006 JOJOLIM TED (Formerly known as Madhuveer Com 18 Network Limited) Objects for which funds have been raised and where there has been a deviation, in the following table: Original Object Modified | Original Modified | Funds Amount Remarks Object, | Allocation allocation, | Utilized of if any if any if any Deviation/ Variation for the quarter according applicable object To meet Working | Nil Rs 38.20 Cr | Nil NIL Nil No Capital deviation requirement of the company To utilize for | Nil rs1.80cr | Nil NIL Nil No General Corporate deviation Purposes Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised; or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed, or (c) Change in terms of a contract referred to in the fundraising document For JOJO Limited (Formerly Known as Madhuyeer Com 18 Network Limited) PUSHTI TANMAY RAJANI_: Pushti Rajani Company Secretary an M. No.: A78352 Email ID - info@jojolimited.com | Contact - +91 9157024032, +91 9081675111 Website - www.jojolimited.com, | CIN - LO3000GJ1995PLC026244 | GSTIN - 24AACCT3820A2Z0 Registered Office - 812, Anand Mangal 3, Opp. Core House, Nr. Hirabag Road, Ambavadi, Ahmedabad, Gujarat, 380006