The EGM of Jagran Prakashan Limited will be held on 29th May, 2026.
JAGRAN · price
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Jagran Prakashan Limited has convened an EGM on 29th May 2026 to remove all 8 directors. The meeting was requisitioned by Jagran Media Network Investment Private Limited (JMNIPL), which holds 67.97% of the company. Seven independent directors (Divya Karani, Shailendra Swarup, Anita Nayyar, Kemisha Soni, Pramod Agarwal, Shaalin Tandon, and Arun Anant) and one whole-time director (Satish Chandra Mishra) are sought to be removed. JMNIPL claims these directors were not validly appointed because Mr. Mahendra Mohan Gupta did not exercise voting rights as per Board resolutions. The matter was previously stayed by NCLT but the stay was vacated on 23rd April 2026 after the tribunal dismissed three related applications. The Board has clarified it does not take responsibility for the requisitionist's claims.
This is a highly contentious boardroom battle. With the majority shareholder controlling 67.97% and seeking removal of all independent directors, the resolutions are likely to pass. Shareholders should expect significant board turnover, potential governance changes, and continued volatility given the ongoing family/promoter disputes that led to NCLT litigation.