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

JMG Corporation's Board has undergone a significant reconstitution following a successful company takeover. Neerav Bairagi was appointed Managing Director (subject to shareholder approval), alongside new Additional Directors Maya Bairagi, Rahul Singh Jadaun, and Yashasvi Prateek, and a new Chief Financial Officer, Manprakash Verma. This restructuring saw the resignation of the previous Chairman & MD, Atul Kumar Mishra, and other key directors and officers. Additionally, the company terminated its Joint Development Agreement with AR Challenges Ltd. for a MSW to Power Project due to prolonged Force Majeure conditions in the Middle East, noting no material financial impact from this termination.