JMG Corporation Ltd Management Discussions

The Managements Discussion and Analysis Report in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached as Annexure - ‘B and forms part of this report.

The Company is being restructured to cover the following verticals of the New fast growing Green Energy Business initiatives:

i) Consultancy Services in Sustainability, ESG, Carbon Netzero for Corporates. ii) Continue with its Energy Projects (Conventional and Renewable) for Indian and Foreign clients with focus on Solar Projects and Battery Energy Storage system. iii) Advisory service and O&M, together with partial investment for Setting up of Bio CNG projects at various locations and three main locations already identified for implementation in western India. iv) Future Technologies of EV, EV Charging Stations Battery Backup Hydrogen are also being evaluated for long term Growth Plans at a later date.

In house existing Team and additional Suitable Manpower and resource allocation is being worked out for implementation of this Business Plan.

The Company has proper and adequate system of internal controls to ensure that all activities are 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 planning for Business growth in immediate future. The Audit Committee reviews the adequacy of internal controls.

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, 2025.