Company Update

JMG Corporation Ltd has announced the reclassification of a promoter, Mr. Atul Kumar Mishra, from the promoter category to the public category following the completion of an open offer by the new acquirer, Mr. Neerav Bairagi.

The departing promoter holds no voting rights, exercises no control, and holds no special rights in the company.

For shareholders, this restructuring finalizes the ownership transition, ensures full compliance with minimum public shareholding requirements, and clears the company of any outstanding exchange dues, paving the way for fresh leadership under the new promoter.