JMG Corporation Limited reported a net loss of ₹24.40 lakh for the quarter ended March 31, 2026, compared to a net profit of ₹59.95 lakh in the same period last year. The company's total income from operations for the quarter stood at ₹12.50 lakh, significantly lower than the ₹69.97 lakh recorded in Q4FY25. For the full fiscal year FY26, the company posted a net loss of ₹106.93 lakh on a total income of ₹67.50 lakh, reversing the net profit of ₹8.45 lakh achieved in FY25.

Financial Results

The board of directors approved the audited financial results for the quarter and year ended March 31, 2026. The company's equity share capital remained unchanged at ₹578.95 lakh. The basic and diluted earnings per share (EPS) for Q4FY26 was reported as (₹0.10), compared to ₹0.26 in the corresponding quarter of the previous year.

Regulatory Compliance

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, JMG Corporation Limited submitted copies of the newspaper advertisements containing the audited financial results to BSE Limited. The results were published in the Financial Express (English) and Jansatta (Hindi) on May 30, 2026. The submission was made by Managing Director Neerav Bairagi.

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%.