Jagran Prakashan Limited has informed the Exchange regarding Regulation 30 of the Listing Regulations.
JAGRAN · price
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Jagran Prakashan Limited's Board has approved convening an Extra-Ordinary General Meeting (EGM) on May 29, 2026 via video conferencing. The EGM seeks shareholder approval to remove seven Independent Directors and one Whole-time Director, based on a requisition received from Jagran Media Network Investment Private Limited (JMNIPL). The matter was previously kept in abeyance following interim directions from NCLT, but after NCLT dismissed the applications and vacated the interim order, the Board proceeded in compliance with applicable law. The removal proposal is being placed under Sections 100 and 169 of the Companies Act, 2013. The Board has clarified it does not accept responsibility for the content of the Special Notice issued by the Requisitionist.
This is a significant boardroom challenge initiated by a major shareholder (JMNIPL), which could result in sweeping changes to the company's governance. Shareholders should carefully review the EGM notice and explanatory statement before voting, as the outcome may materially affect the company's strategic direction and leadership.