Jagran Prakashan Limited has informed the Exchange about General Updates regarding regulation 30 of the Listing Regulations
JAGRAN · price
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Jagran Prakashan informed the exchanges about the latest hearing in an ongoing NCLT Allahabad case — 'Mahendra Mohan Gupta & Ors. v. Devendra Mohan Gupta & Ors.' — which is a family/internal corporate dispute filed under Sections 241, 242 and 244 of the Companies Act, 2013 (oppression and mismanagement). On 24 September 2025, the NCLT noted that earlier settlement talks between the parties had failed and heard final arguments from the respondents' side. JPL itself had filed an application (CA No. 47/2023) seeking appointment of an Administrator for the company, which the Tribunal did not allow to be argued alongside but kept pending. High-profile senior counsels (Singhvi, Chidambaram, Jethmalani, Mehta) are representing various sides. Further arguments are scheduled for 26 September 2025 at 3:00 p.m.
The dispute is an internal shareholder/family conflict at the promoter level and could potentially affect management control of the company if the Tribunal eventually grants interim management relief. For now, the case is ongoing with no order against the company, but the failure of settlement talks keeps governance uncertainty alive in the near term.