In relation to the captioned subject, we are enclosing herewith the Pre-Offer Advertisement cum Corrigendum to Detailed Public Statement dated Saturday, February 14, 2026, published on ....
Awaiting price reaction for this filing.
JMG Corporation Ltd has submitted a Pre-Offer Advertisement cum Corrigendum to the Detailed Public Statement dated February 14, 2026, in connection with an Open Offer by Mr. Neerav Bairagi (the Acquirer). The offer is to acquire up to 60,21,053 fully paid-up equity shares of face value ₹2.50 each, representing 26% of the total voting share capital of the company, at a price of ₹5.30 per share. The advertisement was published on February 16, 2026 in Financial Express (English, all editions), Jansatta (Hindi, all editions and Delhi edition), and Pratahkal (Marathi, Mumbai edition). The filing has been made under Regulation 18(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This signals a potential change in control or significant acquisition in JMG Corporation, as the Acquirer is seeking to purchase up to 26% stake from public shareholders. Shareholders now have the option to tender their shares at ₹5.30 per share through the open offer process, which may serve as a near-term price reference for the stock.