JMG Corporation Limited has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda of the meeting is to consider and approve the audited financial results of the company for the quarter and year ended March 31, 2026, along with the Auditors Report thereon.

Agenda Details

The board will deliberate on the financial performance for the fourth quarter of the fiscal year 2026. In addition to the financial results, the directors are scheduled to consider the appointment of Ms. Neha Gupta as the Company Secretary and Compliance Officer of the company. The meeting will also cover any other business that may be placed before the board with the permission of the chairperson.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code, the trading window for dealing in the securities of the company remains closed. This restriction applies to all designated persons and their immediate relatives, effective from April 01, 2026. The window will remain shut until 48 hours after the declaration of the financial results.

Company Information

JMG Corporation Limited is listed on BSE Limited with the scrip code 523712 and symbol JMGCORP. The company is headquartered at 574, 2nd Floor, Main Road Chirag Delhi, New Delhi.

Mr. Neerav Bairagi has successfully completed his acquisition of JMG Corporation Limited, securing a controlling stake of 52.64% through a combination of off-market purchase and mandatory open offer. The open offer, conducted at ₹5.30 per share, concluded on March 18, 2026, with the acquirer receiving 37.10 lakh shares against the maximum offer size of 60.21 lakh shares.

Open Offer Results

The mandatory open offer targeted 26% of JMG Corporation's voting share capital but received lower-than-expected response from public shareholders. The final acquisition details demonstrate the completion of the takeover process:

Complete Acquisition Structure

Mr. Bairagi's total acquisition encompasses 1,21,90,975 equity shares through two distinct mechanisms executed under SEBI Takeover Regulations:

Shareholding Transformation

The acquisition has resulted in a significant change in JMG Corporation's ownership structure. Public shareholding has been reduced from the pre-offer level:

Regulatory Compliance and Documentation

Following the completion of the open offer, JMG Corporation Limited submitted the post-offer advertisement to BSE Limited on March 27, 2026, in compliance with Regulation 18(12) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The advertisement was published in multiple newspapers as required:

The transaction was managed by Srujan Alpha Capital Advisors LLP and processed through Bigshare Services Private Limited as the registrar. All consideration payments were completed on March 18, 2026, establishing Mr. Bairagi as the new promoter of JMG Corporation Limited with a controlling stake of 52.64%.