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

JMG Corporation has reshaped its leadership team after a successful takeover. The Board appointed Mr. Neerav Bairagi as Managing Director, alongside new Additional Directors Ms. Maya Bairagi, Mr. Rahul Singh Jadaun, Mr. Yashasvi Prateek, and new CFO Mr. Manprakash Verma. Previous directors and key management have resigned. Additionally, the company terminated its Joint Development Agreement for the Saharanpur power project with AR Challenges Ltd. due to geopolitical instability, a move not expected to have a material financial impact. This marks a significant strategic shift for the company.