Dear Sir, Please find attached herewith the Notice of the Extraordinary General Meeting to be held on 25th August, 2025 along with the Explanatory Statement to transact the Special Businesses. Kindly ....
Awaiting price reaction for this filing.
JMG Corporation has called an Extraordinary General Meeting (EGM) on August 25, 2025, at 12:00 noon via video conferencing to seek shareholder approval for two special businesses. The first resolution seeks to regularize Mr. Vivek Bansal (DIN: 02426343), aged 58, as a Non-Executive Independent Director for a 5-year term; he brings 35+ years of experience in Construction/EPC, decarbonization, eLearning and IT. The second resolution seeks to regularize Mr. Subodh Kumar (DIN: 06990253), aged 65, as a Non-Executive Director; he brings over 40 years of experience in the hydrocarbon, LPG, petrochemicals and biofuels sectors. Both were appointed as Additional Directors on May 28, 2025, hold no shares in the company, and will receive no remuneration. E-voting will be conducted through NSDL from August 22-24, 2025, with the cut-off date set as August 18, 2025.
This is a routine procedural EGM to formalize the appointments of two directors who were already on the board as Additional Directors. There is no material financial or strategic impact for shareholders — no change in capital, no related-party transaction, and no change in control. The resolutions are likely to pass as ordinary course of business, with the new independent and non-executive directors adding sector experience to the board.