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

The company's board has approved a significant management restructuring following a successful takeover. Mr. Neerav Bairagi was appointed Managing Director (subject to shareholder approval), alongside Ms. Maya Bairagi, Mr. Rahul Singh Jadaun, and Mr. Yashasvi Prateek as Additional Directors. Mr. Manprakash Verma is the new CFO. This follows the resignations of the previous Chairman & MD, other directors, and key managerial personnel. The board also terminated a Joint Development Agreement for the MSW to Power Project due to prolonged geopolitical instability causing project delays. This termination is not expected to have any material financial impact on the company.