Submission of summary of proceedings of EGM
JAGRAN · price
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Jagran Prakashan held an EGM on 29 May 2026 via VC/OAVM to vote on the removal of 7 Independent Directors (Ms. Divya Karani, Mr. Shailendra Swarup, Ms. Anita Nayyar, Ms. Kemisha Soni, Mr. Pramod Agarwal, Mr. Shaalin Tandon, Mr. Arun Anant) and Mr. Satish Chandra Mishra as Whole-time Director. The meeting was requisitioned by shareholders. However, the Hon'ble NCLAT, by order dated 26 May 2026, directed that implementation of all resolutions be kept in abeyance pending the outcome of Company Petition No. 64 of 2023 before NCLT Allahabad. The meeting concluded at 01:38 PM with 42 members present and 167 members having voted via remote e-voting.
The resolutions cannot be implemented until NCLT decides CP No. 64/2023, creating regulatory uncertainty around the board composition. The stock may remain range-bound until the legal outcome is known, as the governance situation remains unresolved.