Jagran Prakashan Limited has informed the Exchange regarding Regulation 30 of the SEBI Listing Regulations.
JAGRAN · price
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Awaiting price reaction for this filing.
Jagran Prakashan Limited informed the exchanges that the NCLT Allahabad has heard three connected applications (CA Nos. 4, 5 and 6 of 2026) filed in the main Company Petition CP No. 64/2023. The holding company, Jagran Media Network Investment Private Limited (JMNIPL), which holds 67.97% of JPL, had requisitioned an Extra-ordinary General Meeting to remove 7 Independent Directors and 1 Whole-Time Director. The NCLT has directed that the proposed EGM be deferred and the requisition be kept in abeyance till 19 March 2026, to be considered along with the pending applications and the main case, which has been listed high on the board. The matter is essentially a dispute between two factions of the promoter Gupta family over control of the company and voting rights in JPL's general meetings.
For now, the existing independent directors stay on the board and no EGM will be held in the near term, giving temporary stability but leaving the underlying family/corporate governance dispute unresolved. Shareholders should expect continued uncertainty and possible stock volatility until the main petition and pending applications are decided after 19 March 2026.