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
JAGRAN · price
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On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 3.6 pts more than its Print Media peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jagran Prakashan provided an update on the ongoing company petition before NCLT Allahabad (C.P. No. 64 of 2023) titled Mahendra Mohan Gupta & Ors. v. Devendra Mohan Gupta & Ors. When the matter was taken up on May 26, 2025, the Respondents' counsel mentioned that settlement talks were being initiated by independent directors between the promoter directors appearing on both sides and sought an adjournment. The Petitioner's counsel contradicted this, stating arguments had already been concluded and they had no instructions on any settlement. The NCLT bench adjourned the hearing to July 14, 2025.
The matter remains unresolved and the next hearing is over six weeks away, leaving uncertainty around the internal promoter/family dispute lingering. Investors should monitor further updates as settlement talks, if genuine, could resolve the dispute, while a continued legal battle may prolong governance overhang.