JMG Corporation Share Price

In relation to the open offer made by Mr. Neerav Bairagi (Acquirer) under Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 and subsequent amendments thereto (the SEBI (SAST) Regulations) for acquisition of up to 6021053 (Sixty Lakh Twenty One Thousand and Fifty Three) fully paid-up equity shares of face value of ?2.50/- (Indian Rupees Two and Fifty Paisa Only) each (Equity Shares) representing 26% of the total equity and voting share capital of JMG Corporation Limited (Target Company/Company) this is to inform you that the Company has received a copy of Draft Letter Of Offer dated December 18 2025 (Draft Letter of Offer).

Srujan Alpha Capital Advisors LLP (Manager to the Offer) has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholders of JMG Corporation Ltd (Target Company).

We have received a copy of the Detailed Public Statement published in newspaper from Srujan Alpha Capital Advisors LLP (Lead Manager to the Issue) in connection with the open offer made by Mr. Neerav Bairagi (Acquirer) under Regulations 3 (1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 for acquisition of shares of JMG Corporation Limited (Target Company) .

Srujan Alpha Capital Advisors LLP (Manager to the Offer) has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and Regulation 4 read with 13(4) 14(3) and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 as amended to the Public Shareholders of JMG Corporation Ltd (Target Company).

We hereby inform you that the Acquirer has entered into a Share Purchase Agreement dated December 04 2025 with the Promoter Seller (Share Purchase Agreement/ SPA) pursuant to which the Acquirer has agreed to acquire 8480331 (Eighty Four Lakh Eighty Thousand Three Hundred Thirty One) Equity Shares which constitutes 36.62% (Thirty Six and sixty two Percent) of the equity and voting share capital (Equity and Voting Share Capital) of the Company for an aggregate consideration of Rs. 356 17390.20/- (Rupees Three Crore Fifty Six Lakh Seventeen Thousand Three Hundred Ninety and Twenty Paise Only) Share subject to thestatutory approvals if any and satisfaction of conditions precedent specified in the Share Purchase Agreement (unless waived off in accordance with the Share Purchase Agreement).