Jagran Prakashan Limited has informed the Exchange regarding Regulation 30 of the SEBI Listing Regulations
JAGRAN · price
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Jagran Prakashan Limited has provided an update on two Company Appeals pending before the National Company Law Appellate Tribunal (NCLAT). The first appeal (C.A. No. 187 of 2026) filed by Jagran Media Network Investment Private Limited was withdrawn and dismissed on 25th May 2026. The second appeal (C.A. No. 189 of 2026) filed by Jagran Prakashan Limited against Mahendra Mohan Gupta and others saw extensive arguments heard on 25th and 26th May 2026. The NCLAT Bench indicated that orders in C.A. No. 189 of 2026 would now be passed. The company has committed to providing further disclosure when there is a material development in the proceedings.
The withdrawal of one appeal reduces legal uncertainty for the company. However, the outcome of C.A. No. 189 of 2026 remains pending, and the market will need to wait for the NCLAT's orders to understand the resolution of this dispute involving key stakeholders.