Dear Sirs, The Board of Directors of the Company, at their meeting held on May 28, 2025, that commenced at 12:30 P.M. and concluded at 02:05 P.M. has, inter alia, considered and approved ....
Awaiting price reaction for this filing.
JMG Corporation's board, meeting on May 28, 2025, approved audited results for Q4 and FY ended March 31, 2025. FY25 total income rose to Rs. 114.11 lakhs from Rs. 85.64 lakhs in FY24, but profit after tax slipped to Rs. 8.45 lakhs from Rs. 16.78 lakhs. Q4 FY25 saw a sharp swing, posting a profit after tax of Rs. 59.85 lakhs versus a Rs. 18.74 lakh loss in Q3 FY25. The board appointed Mr. Vivek Deokiprasad Bansal as Independent Director and Mr. Subodh Kumar as Non-Executive Director. It also cleared a Joint Development Agreement with AR Challenges Ltd to own, develop, finance, build and operate a municipal Waste-to-Energy project in Uttar Pradesh.
Mixed year — revenue grew but full-year profits fell, while Q4 rebounded strongly on lower costs. The new Waste-to-Energy tie-up signals a business diversification push, though execution and scale risks remain given the company's small size.