JMG Corp Board Reconstituted Post Takeover; New MD Appointed

JMG Corporation Ltd's Board of Directors was reconstituted on April 27, 2026, following a successful takeover. Mr. Neerav Bairagi was appointed as an Additional Director and subsequently as Managing Director, subject to shareholder approval. Ms. Maya Bairagi, Mr. Rahul Singh Jadaun, and Mr. Yashasvi Prateek were also appointed as Additional Directors, with Mr. Manprakash Verma taking over as Chief Financial Officer. This involved the resignation of former Chairman & MD Mr. Atul Kumar Mishra, along with several other directors and key managerial personnel. Additionally, the Board approved the termination of a Joint Development Agreement with AR Challenges Ltd., Israel, for an MSW to Power Project. This termination was attributed to prolonged Force Majeure conditions stemming from geopolitical instability in Israel and the Middle East, and is not expected to have a material financial impact on the company.