We have received a copy of the Public Announcement from Srujan Alpha Capital Advisors LLP (Lead Manager to the Issue), in connection with the open offer made by Mr. Neerav Bairagi\r\n(\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\r\nJMG Corporation Limited (Target Company).\r\nWe have enclosed a copy of the Public Announcement with this letter.