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

Mr. Neerav Bairagi has launched an Open Offer to acquire up to 0.60 crore (26%) of JMG Corporation Limited's voting shares at ₹5.30 per share. This follows his prior acquisition of 36.62% from the existing promoter. If fully accepted, Bairagi's total stake will reach 62.62%, giving him control and making him the new promoter. He plans to expand the company's business into the textile sector. JMG Corp reported revenue of ₹0.34 crore and a loss of ₹0.74 crore for the recent half-year, with a net worth of ₹6.46 crore. The offer aims to provide shareholders an exit opportunity.