JMG Corporation Ltd — Important, 27-04-2026: Company Update

Following a successful takeover, JMG Corporation's board has undergone a significant reshuffle. Neerav Bairagi is appointed Managing Director, joined by new Additional Directors Maya Bairagi, Rahul Singh Jadaun, and Yashasvi Prateek. Manprakash Verma also steps in as Chief Financial Officer. The previous Chairman & Managing Director, Atul Kumar Mishra, and several other key management personnel have resigned. Additionally, JMG terminated its Joint Development Agreement with AR Challenges Ltd. for the MSW to Power Project due to geopolitical instability. The company states this termination is not expected to have any material financial impact.