JMG Corp: Promoter Reclassified to Public Post Open Offer

JMG Corporation Ltd (now Panthaora Limited) has announced the completion of an open offer by Mr. Neerav Bairagi. Following this, Mr. Bairagi has been reclassified from the 'Promoter' category to the 'Public' category, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification is effective immediately. Mr. Bairagi confirmed he meets all criteria for reclassification, including not holding more than ten percent voting rights, not exercising control, and not having special rights. The company also confirmed compliance with minimum public shareholding and no trading suspensions or outstanding dues to regulatory bodies.