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

JMG Corporation's board has announced significant changes following a successful takeover. Mr. Neerav Bairagi is now the Managing Director (subject to shareholder approval), with Ms. Maya Bairagi, Mr. Rahul Singh Jadaun, and Mr. Yashasvi Prateek appointed as new Additional Directors. Mr. Manprakash Verma is the new Chief Financial Officer. Former Chairman & MD Mr. Atul Kumar Mishra and other key personnel have resigned. The company also terminated its Joint Development Agreement for the MSW to Power Project due to prolonged geopolitical instability, noting no material financial impact from this termination.