AGM/EGM27 Jul 2026, 08:30 pm
JMG Corporation Ltd EGM Approves Asset Mortgage and Borrowing Limits
AI Summary
JMG Corporation Ltd held an Extra-Ordinary General Meeting (EGM) on July 25, 2026, to approve key financial resolutions. The meeting, attended by 12,754 shareholders, focused on proposals including the creation of a mortgage/charge on company assets under Section 180(1)(A) and enhancement of overall borrowing limits under Section 180(1)(C). Additionally, investments and loans under Section 186 were considered. All resolutions were passed with overwhelming support, with over 94% of the votes polled in favor for each item. Promoters and promoter groups showed 100% in-favor votes for the resolutions where they participated via e-voting.
Key Highlights
- EGM held on July 25, 2026, to approve financial resolutions.
- Resolutions for asset mortgage and borrowing limits passed.
- Over 94% of votes polled were in favor of the resolutions.
- Promoters voted 100% in favor of resolutions via e-voting.
- Total shareholders recorded as 12,754 as of July 18, 2026.
Price Impact
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