JMG Corporation Ltd — Important, 11-12-2025: Company Update

JMG Corporation announced an open offer by Mr. Neerav Bairagi to acquire up to 26% of its voting share capital at ₹5.30 per share. This mandatory offer follows Bairagi’s acquisition of 36.62% from the promoter, leading to a change in control. The acquirer intends to diversify JMG's business into the textile sector, leveraging his industry experience. This offers public shareholders an opportunity to tender their shares. For the half-year ended September 2025, JMG reported total revenue of ₹0.35 Cr, a net loss of ₹0.74 Cr, and a net worth of ₹6.46 Cr.