Jagran Prakashan Limited has informed the Exchange about Shareholders meeting
JAGRAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jagran Prakashan Limited has convened an EGM on May 29, 2026 for shareholder voting on removal of 8 directors. The requisition comes from Jagran Media Network Investment Private Limited (JMNIPL), holding 67.97% stake. Seven Independent Directors (Ms. Divya Karani, Mr. Shailendra Swarup, Ms. Anita Nayyar, Ms. Kemisha Soni, Mr. Pramod Agarwal, Mr. Shaalin Tandon, Mr. Arun Anant) and one Whole-time Director (Mr. Satish Chandra Mishra) face removal. The stated reason is alleged improper appointment of directors due to voting rights dispute by Mr. Mahendra Mohan Gupta. The matter was previously stalled by NCLT interim orders in CP No. 64 of 2023 and CP No. 57 of 2025, but the Allahabad Bench dismissed 3 applications on April 23, 2026, allowing the EGM to proceed. Remote e-voting runs May 26-28, 2026.
With JMNIPL holding nearly 68% equity, all removal resolutions are likely to pass, resulting in near-complete board change. This signals major governance shift and potential power consolidation by the controlling shareholder. Stock may see volatility ahead of voting.