Jagran Prakashan Limited has informed the Exchange about submission of Summary of Proceedings of Extra-Ordinary General Meeting
JAGRAN · price
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Jagran Prakashan Limited held an EGM on May 29, 2026, through video conferencing to consider removal of 8 directors including 7 Independent Directors (Ms. Divya Karani, Mr. Shailendra Swarup, Ms. Anita Nayyar, Ms. Kemisha Soni, Mr. Pramod Agarwal, Mr. Shaalin Tandon, Mr. Arun Anant) and 1 Whole-time Director (Mr. Satish Chandra Mishra). The meeting was requisitioned by shareholders and attended by 42 members with 167 votes cast through remote e-voting. However, the Hon'ble NCLAT, by order dated May 26, 2026, has directed that implementation of all resolutions be kept in abeyance pending the outcome of Company Petition No. 64 of 2023. JMNIPL (Jagran Media Network) was involved as a key shareholder stakeholder in this meeting.
The NCLAT stay means the director removals cannot be implemented immediately, leaving the current board composition unchanged until the NCLT rules on the underlying petition. This signals an ongoing corporate governance dispute that could affect the company's governance structure and shareholder relations.