In relation to the captioned subject, we are enclosing herewith the Post Offer Advertisement dated Thursday, March 26, 2026, published on Friday, March 27, 2026, pursuant to Regulation ....
Awaiting price reaction for this filing.
JMG Corporation Ltd has submitted the Post Offer Advertisement dated March 26, 2026, published on March 27, 2026, in multiple newspapers (Financial Express, Jansatta, and Pratahkal). This is pursuant to SEBI Takeover Regulations following the Open Offer by Mr. Neerav Bairagi to acquire up to 60,21,053 equity shares (26% of total voting share capital) at ₹5.30 per share. The face value of the shares is ₹2.50 each. The merchant banker for the offer is Srujan Alpha Capital Advisors LLP. This filing is a procedural compliance step indicating that the open offer process has progressed to the post-offer advertising stage.
This is a routine post-offer compliance filing and does not change the investment thesis. Shareholders should be aware that a potential change in control is being pursued by Mr. Neerav Bairagi, with the open offer price set at ₹5.30 per share as a reference for the transaction value.