Jagran Prakashan Limited has informed the Exchange regarding disclosure under regulation 30 of the Listing Regulations
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Jagran Prakashan has informed the exchanges about the latest hearing in the family dispute case (Mahendra Mohan Gupta & Ors. vs Devendra Mohan Gupta & Ors., C.P. No. 64 of 2023) at the NCLT Allahabad bench on July 14, 2025. The case, filed under Sections 241/242 of the Companies Act 2013, relates to allegations of oppression and mismanagement among members of the promoter Gupta family. During the hearing, lawyers for both sides told the tribunal that mutual settlement discussions are underway and requested more time. The NCLT has adjourned the matter to September 8, 2025 at 2:30 PM. No order or judgment has been passed; the case remains pending.
The move towards an out-of-court settlement is generally seen as a positive step, as it reduces the risk of a long-drawn legal battle that could create uncertainty around management control. For shareholders, this keeps the dispute contained within the promoter family without any change in board control or business operations for now.