Jagran Prakashan Limited has informed the Exchange about the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Jagran Prakashan informed the exchanges that the Company Petition No. 64 of 2023 (Mahendra Mohan Gupta & Ors. v. Devendra Mohan Gupta & Ors.) before NCLT Allahabad was listed for hearing on 23rd April 2025. At the joint request of both sides, the matter was adjourned to 26th May 2025 at 2:30 PM, with parties directed to file replies. This is a follow-up to an earlier disclosure made on 4th March 2025. The petition involves members of the promoter Gupta family and relates to an internal corporate dispute.
This is a procedural update with no new ruling or adverse order, so near-term impact on the stock is limited. However, investors should track the next hearing on 26th May 2025, as any ruling in this family-driven dispute could affect governance and shareholder dynamics at the company.