jmg corporation ltd share price Management discussions

The Company is working on refurbishment and restarting the closed Organic Soya Bean Plantat Maksi Industrial Area in MP and is still awaiting the pending approval for start of activities at the Unit. from MPIDC. It is expecting the approval in the next quarter and shall be able to start some revenue on the food sector in the first quarter 2024. The company has also made good progress in achieving the revenues on e-Commerce activities as was planned in the previous year.

The Company has also focussed its activities and working on Business plan into new Business of participation in Renewable Energy Sector where it has a core strength in view of Experienced and Qualified Management personnel of this sector available In House. It is therefore in advanced stage of discussions on Bio CNG Production & sale and Organic Fertilizer Projects and Waste to Energy Projects in line with Govt. SATAT Policy for such projects. The Company is under detailed discussions with other Proponents of these Renewable Energy Projects for cooperation and strategic joint working which shall provide significant support inthe revenue projections of the company in the current financial year and Long term Growth.

The company is also examining specific area of Business in jointly Developing Hospitality, run, lease, joint venture, manage, sell, purchase and construction of building & hotel and carry on the business of hotel, holiday resorts, restaurant, housekeepers, clubs, in India or in any other part of the world.

The Company has proper and adequate system of internal controls to ensure that all activitiesare monitored and controlled against any un-authorized use or disposition of assets and that the transactions are authorized, recorded, and reported correctly. It ensures adherence to and compliance with internal control policies and procedures as well as regulatory requirements.

The Company has generated revenue from its management consultancy business and trading activities during the financial year, and the business of the Company has remained stable. The Audit Committee reviews the adequacyof internal controls.

DECLARTION

As provided in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,it is hereby declared that all the Board members and senior management personnel have affirmed the compliance with the code of conduct for the year ended March 31, 2023.

Place: - New Delhi	Sd/-
Date: - 05-08-2023	Atul Kumar Mishra
	Managing Director
	DIN-00297681