Jagran Prakashan Limited disclosed that its ongoing litigation regarding promoter petitions was heard by the National Company Law Tribunal (NCLT) Allahabad bench on September 1, 2026. The tribunal has directed that further arguments continue on October 7, 2026, at 2:30 pm.

The company filed this update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure follows a previous filing made on August 10, 2026.

Case Details

Two specific petitions were listed before the Hon'ble NCLT:

• Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors., C.P. No. 64 of 2023
• Shailendra Mohan Gupta and Ors. v. Jagran Media Network Investment Private Limited, C.P. No. 57 of 2025

Both matters fall under Sections 241/242 and 244 of the Companies Act, 2013.

Hearing Proceedings

During the September 1 hearing, Senior Counsel Sh. C.A. Sundaram argued the matter in re-joinder on behalf of the petitioners in the first case. In the second case, counsel for all parties requested an adjournment. The tribunal granted the request and fixed the next date for October 7, 2026.

The order sheet lists multiple connected applications (CA Nos. 30/2023 through 19/2025) associated with the main company petition. The tribunal comprised Member Judicial Sh. Praveen Gupta and Member Technical Sh. Ashish Verma.

Next Steps

Jagran Prakashan stated it will provide further disclosures only when material developments occur in the proceedings. The order dated September 1, 2026, received on September 2, 2026, is enclosed with the exchange filing.

Jagran Prakashan Ltd received a show cause notice on August 26, 2026, from the Excise and Taxation Officer in Hisar, Haryana. The notice alleges a Goods and Services Tax demand of ₹21,73,727 along with interest and penalty for the period 2020 to 2021.

The company stated it will file an appropriate response within prescribed timelines or evaluate other legal options against the said notice.

Details of the Notice

The show cause notice was issued under Section 74 of the Central Goods and Services Tax Act, 2017. It requires the company to explain why the alleged GST demand, along with interest under Section 50 and penalty under Section 74 of the Act, should not be demanded.

The primary allegation concerns the entitlement to Input Tax Credit availed by the company during the specified period.

Company Response

Jagran Prakashan believes the show cause notice is not tenable based on legal advice. The company asserts it has a strong case on merit.

Accordingly, the firm stated there is no impact on its financials, operations, or other activities pursuant to the receipt of the notice.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.