In compliance with Regulation 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015, please find enclosed the summary of the proceedings of the 36th Annual General ....
Awaiting price reaction for this filing.
JMG Corporation Limited held its 36th Annual General Meeting on 29th September 2025 via video conferencing from 12:00 noon to 12:35 PM. The Chairman, Mr. Atul Kumar Mishra, presented the financial results for FY2024-25, showing Net Sales & Other Income rising to Rs. 11,411.23 thousand from Rs. 8,564.15 thousand in the previous year, but Profit After Tax declining to Rs. 845.37 thousand from Rs. 1,677.62 thousand. The management outlined a restructuring plan to diversify into new business verticals including ESG/Sustainability consultancy, renewable energy (solar projects), Bio CNG/CBG plants in western India, and future evaluation of EV and hydrogen technologies. Two ordinary resolutions were tabled: adoption of audited financial statements for FY24-25 and re-appointment of Mrs. Anita Mishra as Director (retiring by rotation). E-voting results are to be announced within 48 hours, on or before 1st October 2025.
Shareholders should watch for the e-voting results due by 1st October 2025. While revenue grew by about 33%, profits nearly halved, which may concern investors. The new diversification plans into green energy and ESG could be a positive long-term pivot but remain at an early stage with no concrete financial commitments disclosed.