NCLT hearing update on Gupta family petitions, next date Oct 7
JAGRAN · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.6 pts more than its 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 informed BSE/NSE that two company petitions before NCLT Allahabad were heard on September 1, 2026. Petition CP 64/2023 (Mahendra Mohan Gupta vs Devendra Mohan Gupta) had rejoinder arguments by senior counsel. Petition CP 57/2025 (Shailendra Mohan Gupta vs Jagran Media Network Investment Pvt Ltd) was adjourned. Both relate to alleged oppression and mismanagement under Sections 241/242 of the Companies Act. Next hearing: October 7, 2026 at 2:30 PM.
Continued promoter family dispute with no resolution yet. May create overhang but no immediate financial or operational impact on the company.