JMG Corporation Ltd

Name change details

• Previous name: JMG Corporation Limited; new name Panthaora Limited; effective 19 August 2026.
• Regulatory approval: Registrar of Companies, Delhi approved the change; fresh Certificate of Incorporation issued.
• CIN remains L55101DL1989PLC362504.
• Old name to be displayed for two years; rights and liabilities unaffected by the change.
• Company has initiated processes to implement name change with regulators.

Board actions

• Board approved unaudited standalone results for quarter ended June 30, 2026.
• Board appointed M/s G & J Associates as Secretarial Auditor for FY 2026-27.

Financial highlights

• Total income for Q1 FY2026: Rs 1.08 Lakhs.
• Profit before tax: Rs (8.45) Lakhs.
• Profit for the period: Rs (8.45) Lakhs.
• EPS (basic and diluted): Rs (0.04).
• Limited Review: no material misstatement observed.

Meeting Details

• Board meeting scheduled for 13 August 2026.

Key Agenda Items

• Consider and approve unaudited quarterly results for quarter ended June 30, 2026, with Limited Review Report.
• Consider any other business with chairperson's permission.

Resolutions overview

• Creation of mortgage on assets under Section 180(1)(a); Special.
• Enhancement of overall borrowing limits with mortgage on assets; Special.
• Enhancement of investments/loans/guarantees/securities under Section 186; Special.
• Shift of registered office from Delhi to Rajasthan; Special.
• Adoption of new Articles of Association; Special.
• Change of company name; Special.
• Appointment of Rahul S. Jadaun as Independent Director; Special.
• Appointment of Yashasvi Pareek as Independent Director; Special.
• Regularisation of Maya Bairagi as Non-Executive Non-Independent Director; Ordinary.
• Appointment of Neerav Bairagi as Chairman & MD; Special.
• Purchase from related party; Ordinary.

Voting outcomes

• Item 1: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 2: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 3: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 4: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 5: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 6: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 7: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 8: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 9: Ordinary; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 10: Special; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.
• Item 11: Ordinary; approved; total polled 5,522,376; in favor 5,228,226; against 294,150.

Governance & management changes

• Independent Directors appointed: Rahul S. Jadaun; Yashasvi Pareek.
• Maya Bairagi regularised as Non-Executive Non-Independent Director.
• Neerav Bairagi appointed Chairman and Managing Director.

Other governance actions

• Shift of registered office from Delhi to Rajasthan approved.
• Adoption of new Articles; change of company name approved.

Shareholding/control impact

• No material change to promoter holding or control disclosed.

Fund utilisation / rationale

• No fundraising; resolutions create debt headroom and governance enhancements.

Resolutions considered

• Item 1: Special – Mortgage/charge on assets; scope: assets pledged; Interest: not disclosed.
• Item 2: Special – Enhanced borrowing limits and mortgage on assets; Interest: not disclosed.
• Item 3: Special – Enhanced limits for investments/loans/guarantees/securities; Section 186; Interest: not disclosed.
• Item 4: Special – Shift registered office from Delhi to Rajasthan; MOA alteration required; Interest: not disclosed.
• Item 5: Special – Adoption of new Articles of Association; Interest: not disclosed.
• Item 6: Special – Change of company name; Interest: not disclosed.
• Item 7: Special – Appointment of Rahul Singh Jadaun as Independent Director; Interest: not disclosed.
• Item 8: Special – Appointment of Yashasvi Pareek as Independent Director; Interest: not disclosed.
• Item 9: Ordinary – Regularize Maya Bairagi as Non-Executive Non-Independent Director; Interest: not disclosed.
• Item 10: Special – Appoint Neerav Bairagi as Chairman & Managing Director; Interest: not disclosed.
• Item 11: Ordinary – Consider and approve purchase from related party; Interest: not disclosed.

Dematerialisation status

• RTA processed dematerialisation requests received in the quarter ended 30-06-2026; confirmed to depositories as accepted or rejected.
• Securities dematerialised were listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner within 15 days.

EGM details

• EGM scheduled July 25, 2026 at 12:00 PM via VC/OAVM.
• Notice includes explanatory statement and proposed resolutions.

Resolutions overview

• Resolution 1 (Special): Mortgage/charge on assets up to Rs 100 Cr; board authorized; interest: None disclosed.
• Resolution 2 (Special): Enhance borrowing limits up to Rs 100 Cr; board authorized; interest: None disclosed.
• Resolution 3 (Special): Increase investments/loans/guarantees under Sec 186 to Rs 100 Cr; board authorized; interest: None disclosed.
• Resolution 4 (Special): Shift registered office from Delhi to Rajasthan; alter MOA; interest: None disclosed.
• Resolution 5 (Special): Adopt new Articles of Association; interest: None disclosed.
• Resolution 6 (Special): Change name to Panthaora Limited; amend MOA/AOA; interest: None disclosed.
• Resolution 7 (Special): Appoint Rahul Singh Jadaun as Independent Director for five years; interest: None disclosed.
• Resolution 8 (Special): Appoint Yashasvi Pareek as Independent Director for five years; interest: None disclosed.
• Resolution 9 (Ordinary): Regularise Maya Bairagi as Non-Executive Non-Independent Director; interest: Spouse of MD.
• Resolution 10 (Special): Appoint Neerav Bairagi as Chairman/MD for five years; promoter interest noted.
• Resolution 11 (Ordinary): Purchase from related party Fashkart Retail up to Rs 25 Cr; arm's length; MD connected.

Board/Management changes

• Independent directors appointed: Rahul S. Jadaun and Yashasvi Pareek for five-year terms.
• Maya Bairagi regularised as Non-Executive Non-Independent Director.
• Neerav Bairagi appointed Chairman/MD for five years.
• Name change to Panthaora Limited approved; subject to approvals.