JMG Corporation EGM Approves Borrowing & Governance Changes

Meeting Details

• Date of EGM: July 25, 2026 (Saturday)
• Total shareholders on record date (July 18, 2026): 12,754
• Shareholders present through video conferencing: 94 (all public shareholders)
• No shareholders present in person or through proxy

Voting Results Summary

All 11 resolutions were approved with requisite majority. Total outstanding shares: 23,157,895. Total votes polled: 5,522,376 (23.8466% of outstanding shares). Overall approval rate: 94.6735%.

Detailed Resolution Results

Item 1: Creation of Mortgage/Charge on Assets (Section 180(1)(a))

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 2: Enhancement in Overall Borrowing Limits (Section 180(1)(c))

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 3: Enhancement in Limits of Investments/Loans/Guarantees/Securities (Section 186)

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 4: Shifting of Registered Office from Delhi to Rajasthan

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 5: Adoption of New Articles of Association

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 6: Change of Name of the Company

• Ordinary Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (100% in favor, 0% against)
• Total votes: 5,522,376 (100% in favor)

Item 7: Appointment of Mr. Rahul Singh Jadaun [DIN: 11692304] as Independent Director

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 8: Appointment of Ms. Yashasvi Pareek [DIN: 11692448] as Independent Director

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 9: Regularization of Ms. Maya Bairagi [DIN: 10070430] as Non-Executive Non-Independent Director

• Ordinary Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 10: Appointment of Mr. Neerav Bairagi [DIN: 08486843] as Chairman & Managing Director

• Special Resolution - PASSED
• Promoter voting: 3,710,644 votes (100% in favor)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 5,522,376 (94.6735% in favor)

Item 11: Purchase from Related Party

• Ordinary Resolution - PASSED
• Promoters did not vote on this resolution (0 votes)
• Public non-institutions voting: 1,811,732 votes (83.7642% in favor, 16.2358% against)
• Total votes: 1,811,732 (83.7642% in favor)
• 3,710,644 promoter votes were declared invalid for this resolution

Scrutinizer Report Details

• Scrutinizer: Mr. Shubham Jain, Practicing Company Secretary
• Remote e-voting period: July 22, 2026 (9:00 AM) to July 24, 2026 (5:00 PM)
• E-voting conducted through CDSL platform
• Results certified in presence of two witnesses: Mrs. Shiksha Sharma and Mr. Alok Sharma
• All electronic voting records remain with scrutinizer until minutes are signed

Shareholding Pattern

• Promoter and Promoter Group: 12,190,975 shares (52.64%)
• Public Non-Institutions: 10,966,920 shares (47.36%)
• Total Outstanding Shares: 23,157,895