JMG Corporation Ltd — Important, 01-01-1970: Company Update

Mr. Neerav Bairagi has launched an open offer to acquire up to 26% of JMG Corporation Limited's voting share capital, totaling 60,21,053 shares, at ₹5.30 per share. This offer, valued at ₹3.19 Cr, follows a previous acquisition of 36.62% from the promoter at ₹4.20 per share (totaling ₹3.56 Cr). If the open offer is fully accepted, Mr. Bairagi's stake in JMG Corporation will reach 62.62%. The acquirer aims to expand JMG's business into the textile sector, leveraging his expertise. JMG Corporation reported revenue of ₹0.35 Cr and a loss of (₹0.74 Cr) for the six months ending September 30, 2025.