JMG Corporation Ltd — Important, 18-12-2025: Company Update

Mr. Neerav Bairagi has announced an open offer to acquire up to 60.21 lakh equity shares, representing 26% of JMG Corporation Limited's voting capital, at ₹5.30 per share, totaling ₹3.19 Cr. This follows his acquisition of a 36.62% stake from the current promoter, Mr. Atul Kumar Mishra. Post-offer, Mr. Bairagi will hold 62.62% and become the new promoter, planning to expand the company into textile trading. The company's unaudited financial results for the quarter and half-year show a loss after tax of ₹0.74 Cr. This offer provides an exit opportunity for public shareholders and indicates a strategic business direction shift.