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

JMG Corporation announced significant leadership changes following a successful takeover. The board appointed Mr. Neerav Bairagi as Managing Director (pending shareholder approval), Ms. Maya Bairagi, Mr. Rahul Singh Jadaun, and Mr. Yashasvi Prateek as new directors. Mr. Manprakash Verma also joins as Chief Financial Officer. This reconstitution saw the resignation of several previous directors and key management, including the former Chairman & MD, CFO, and Company Secretary. Separately, the company terminated its Joint Development Agreement for the MSW to Power Project due to geopolitical instability, which is not expected to have a material financial impact.