Jagran Prakashan Limited has informed the Exchange regarding Announcement under Regulation 30 of the SEBI Listing Regulations.
JAGRAN · price
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Jagran Prakashan informed the exchanges that the NCLT Allahabad heard two company petitions and three connected applications on 19 March 2026. The petitions involve disputes between members of the promoter Gupta family (Mahendra Mohan Gupta and others versus Devendra Mohan Gupta and others) and against Jagran Media Network Investment Pvt Ltd, the holding company of JPL. The NCLT has reserved its orders in the three applications and has directed that the requisitioned Extraordinary General Meeting — which sought removal of 7 Independent Directors and 1 Whole-Time Director — be deferred and kept in abeyance until the company petitions are disposed of. The main petitions are next listed for hearing on 16 April 2026.
For shareholders, this is significant governance news: the current board has been protected from imminent removal as the NCLT has paused the requisitioned EGM. While the underlying family dispute remains unresolved and creates uncertainty, the stay is a relief for the existing management. The stock may see volatility around the next hearing date (16 April 2026) when further clarity on the family dispute and board composition is expected.