JMG Corporation Ltd — Important, 04-12-2025: Company Update

JMG Corporation is set for a major ownership shift. Mr. Neerav Bairagi is acquiring a 36.62% stake (84.80 lakh shares) from current promoter sellers for Rs. 3.56 crore. This move triggers a mandatory Open Offer for public shareholders to sell an additional 26% stake (60.21 lakh shares) at Rs. 5.30 per share. Upon successful completion, Bairagi will take control and become the new promoter, significantly reshaping JMG Corp's future leadership and strategic path.