Jagran Prakashan NCLT Litigation Update: Both Company Petitions Adjourned to 13th May, 2026

2 min read     Updated on 09 May 2026, 05:52 AM
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Jagran Prakashan Limited disclosed under SEBI Regulation 30 that two company petitions before the NCLT Allahabad Bench, Prayagraj—C.P. No. 64 of 2023 and C.P. No. 57 of 2025—have been adjourned to 13th May, 2026 at 3:00 p.m. following hearings on 4th and 6th May, 2026, with arguments by Respondent Nos. 3, 9, and 10 scheduled to commence on that date.

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Jagran Prakashan Limited has filed a disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stock exchanges of the latest developments in two company petitions pending before the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj. The disclosure, dated 8th May, 2026, is in furtherance of earlier disclosures made on 30th April, 2026 under Regulations 30(3) and 30(4) read with Para B, Part A of Schedule III of the SEBI (LODR) Regulations, 2015.

Overview of the Pending Company Petitions

Two separate company petitions are currently being heard by the Hon'ble Division Bench of the NCLT, Allahabad Bench, Prayagraj, both filed under Sections 241, 242, and 244 of the Companies Act, 2013. The key details of these matters are summarised below:

Parameter: C.P. No. 64 of 2023 C.P. No. 57 of 2025
Case Title: Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors. Shailendra Mohan Gupta and Ors. v. Jagran Media Network Investment Private Limited and Ors.
Sections Invoked: 241/242 & 244 of Companies Act, 2013 241/242 & 244 of Companies Act, 2013
Bench: NCLT Allahabad Bench, Prayagraj NCLT Allahabad Bench, Prayagraj
Next Hearing Date: 13th May, 2026 at 3:00 p.m. 13th May, 2026 at 3:00 p.m.

Hearing Proceedings on 4th May and 6th May, 2026

Both matters were listed before the Hon'ble Bench on 4th May, 2026 and 6th May, 2026. In C.P. No. 64 of 2023, the Bench heard arguments advanced by Respondent No. 12, represented by Dr. U.K. Chaudhary, Senior Advocate. On 4th May, 2026, Dr. Chaudhary's arguments were noted as ongoing, with further submissions scheduled for 6th May, 2026 at 12:30 p.m. By 6th May, 2026, Dr. Chaudhary had concluded his arguments on behalf of Respondent No. 12.

Following the conclusion of Respondent No. 12's arguments, the Bench directed that arguments on behalf of Respondent Nos. 3, 9, and 10 in C.P. No. 64 of 2023—represented by Sh. Jayant Mehta, Senior Advocate—shall commence on 13th May, 2026 at 3:00 p.m. The main company petition and all associated company applications have accordingly been adjourned to that date.

Status of C.P. No. 57 of 2025

In the matter of C.P. No. 57 of 2025, the NCLT Bench on 4th May, 2026 re-notified the matter for hearing on 6th May, 2026 at 12:30 p.m. Subsequently, on 6th May, 2026, at the request of the learned counsels representing the parties, the matter was adjourned for further hearing on 13th May, 2026 at 3:00 p.m.

Next Steps and Disclosure Commitment

Jagran Prakashan Limited has stated that the next disclosure or update will be provided only when there is a material development in the proceedings. The relevant information, along with copies of the orders dated 4th May, 2026 and 6th May, 2026, has been annexed to the filing. The said information will also be uploaded on the corporate website of the company at www.jplcorp.in , as well as on the websites of the National Stock Exchange of India Limited and BSE Limited. The disclosure has been signed by Amit Jaiswal, Chief Financial Officer and Company Secretary of Jagran Prakashan Limited.

Historical Stock Returns for Jagran Prakashan

1 Day5 Days1 Month6 Months1 Year5 Years
-0.58%+2.00%+3.71%-4.51%-4.46%+24.96%

How might an adverse ruling in the NCLT petitions under Sections 241/242 affect Jagran Prakashan's management structure and operational control?

Could the ongoing family dispute among the Gupta promoters trigger a change in shareholding pattern or prompt a potential takeover bid for Jagran Prakashan?

What financial or reputational risks could Jagran Prakashan face if the NCLT orders interim relief measures such as management changes or asset freezes during the proceedings?

Jagran Prakashan Publishes EGM Newspaper Ad; Meeting Scheduled for May 29

4 min read     Updated on 07 May 2026, 05:18 AM
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Jagran Prakashan Limited published newspaper advertisements on May 6, 2026, notifying members of its EGM scheduled for May 29, 2026, at 12:30 PM via VC/OAVM, convened on requisition by JMNIPL holding 67.97% equity. The meeting will consider removal of eight directors following NCLT Allahabad's April 23, 2026, dismissal of applications and vacation of the interim order. Remote e-voting is scheduled from May 26 to May 28, 2026, with KFintech as the e-voting service provider and Mr. Adesh Tandon as the appointed Scrutinizer.

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Jagran Prakashan Limited has published newspaper advertisements on May 6, 2026, in Business Standard (English edition) and Dainik Jagran (Hindi edition), notifying members of its Extraordinary General Meeting (EGM) scheduled for May 29, 2026. The intimation was filed with stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The EGM follows the National Company Law Tribunal (NCLT) Allahabad's dismissal of applications related to director removal requisitions, with the Board of Directors having approved the EGM convening through a circular resolution dated May 2, 2026.

EGM Details and Proposed Resolutions

The EGM will be held on Friday, May 29, 2026, at 12:30 PM (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting has been convened on the requisition of Jagran Media Network Investment Private Limited (JMNIPL), which holds 67.97% of the paid-up equity share capital of the company, under Section 100(2) of the Companies Act, 2013. The EGM will consider resolutions for removing eight directors from their respective positions.

Director Category: Director to be Removed DIN Number
Independent Director: Ms. Divya Karani 01829747
Independent Director: Mr. Shailendra Swarup 00167799
Independent Director: Ms. Anita Nayyar 03317861
Independent Director: Ms. Kemisha Soni 06805708
Independent Director: Mr. Pramod Agarwal 00038838
Independent Director: Mr. Shaalin Tandon 01892562
Independent Director: Mr. Arun Anant 02427545
Whole-time Director: Mr. Satish Chandra Mishra 06643245

NCLT Order and Legal Background

The NCLT's decision on April 23, 2026, vacated the interim order that had kept the EGM in abeyance since February 27, 2026, by dismissing three connected applications filed by various parties in the ongoing corporate dispute. The applications arose from a requisition dated February 12, 2026, sent by JMNIPL seeking to convene an EGM for removing directors.

Application: Filed By Status
C.A. No. 04/2026: Jagran Media Network Investment Private Limited Dismissed
C.A. No. 05/2026: Jagran Prakashan Limited Dismissed
C.A. No. 06/2026: Individual Directors Dismissed
Interim Order: February 27, 2026 Vacated

Timeline of Corporate Dispute

The following table summarises the key events in the corporate dispute leading up to the scheduled EGM:

Date: Event
July 14, 2023: JMNIPL Board Resolution passed
February 12, 2026: EGM requisition sent
February 27, 2026: Interim order keeping EGM in abeyance
April 23, 2026: Final order dismissing applications
April 29, 2026: Order uploaded
May 2, 2026: Board approves EGM convening
May 5, 2026: EGM Notice sent electronically to members
May 6, 2026: Newspaper advertisements published
May 29, 2026: Scheduled EGM date

E-Voting Schedule and Participation

The company is providing members the facility to exercise their right to vote electronically through e-voting services provided by KFintech Technologies Private Limited. The key e-voting and participation details are as follows:

Parameter: Details
Remote E-Voting Start: Tuesday, May 26, 2026 (09:00 AM IST)
Remote E-Voting End: Thursday, May 28, 2026 (05:00 PM IST)
Cut-off Date for Voting Eligibility: Friday, May 22, 2026
Scrutinizer: Mr. Adesh Tandon, Practising Company Secretary
Result Declaration: Within two working days from EGM conclusion

Members holding shares in dematerialised or physical mode may cast their votes remotely or during the EGM. Those who have cast their vote by remote e-voting may attend the EGM and will be counted for quorum purposes, but will not be permitted to vote again.

Compliance and Disclosures

The company is proceeding in compliance with applicable provisions under Sections 100 and 169 of the Companies Act, 2013. The EGM Notice, along with the Explanatory Statement, was sent electronically on Tuesday, May 5, 2026, to shareholders whose email addresses were registered as at the close of business hours on Friday, May 1, 2026. The Notice and related documents are available on the company's website ( www.jplcorp.in ), on the websites of BSE Limited and National Stock Exchange of India Limited, and on KFintech's website. The voting results, along with the Scrutinizer's Report, will be communicated to BSE and NSE and published on the company's and KFintech's websites. The Board of Directors has clarified that neither the Board nor any officers of the company accept responsibility for the content of the Special Notice issued by the requisitionist.

Historical Stock Returns for Jagran Prakashan

1 Day5 Days1 Month6 Months1 Year5 Years
-0.58%+2.00%+3.71%-4.51%-4.46%+24.96%

If all eight directors are successfully removed at the May 29 EGM, how might JMNIPL's 67.97% controlling stake influence the composition of the reconstituted board and the company's future strategic direction?

What are the potential implications for Jagran Prakashan's corporate governance ratings and institutional investor confidence if independent directors are removed en masse through a majority shareholder requisition?

Could the dismissed directors pursue further legal challenges — such as appeals to the NCLAT or High Court — to delay or invalidate the EGM resolutions before or after May 29, 2026?

More News on Jagran Prakashan

1 Year Returns:-4.46%