Jagran Prakashan Limited announced that the National Company Law Tribunal (NCLT), Allahabad bench, has scheduled further hearings for two ongoing oppression and mismanagement petitions on October 26, 2026. The tribunal listed the matters on October 7, 2026, where senior counsel for the petitioners presented rebuttal arguments.

The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows a previous update issued on September 3, 2026. The company stated that it would provide further updates only upon material developments in the proceedings.

Petition Details and Hearing Status

The legal proceedings involve two distinct cases filed under Sections 241/242 and 244 of the Companies Act, 2013. In the first case, Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors. (C.P. No. 64 of 2023), the petitioner's senior counsel continued arguments in rebuttal. The bench directed that further arguments continue on October 26, 2026, at 12:30 pm.

In the second case, Shailendra Mohan Gupta and Ors. v. Jagran Media Network Investment Private Limited (C.P. No. 57 of 2025), the matter was adjourned at the request of the counsel representing the parties. This hearing is also scheduled for October 26, 2026, at 12:30 pm.

Legal Proceedings Overview

The NCLT Allahabad bench, comprising Member (Judicial) Praveen Gupta and Member (Technical) Ashish Verma, passed orders dated October 7, 2026. Copies of these orders were received by the company on October 9, 2026. The company confirmed that this information has been uploaded to its corporate website and the exchanges' websites for public record.

Jagran Prakashan concluded its 50th Annual General Meeting on September 18, 2026, approving the re-appointment of four whole-time directors and the continuation of one non-executive director for a further five-year term. The company also secured approval for its audited financial statements for FY26.

The meeting was held via video conferencing in compliance with regulatory norms, commencing at 12:30 pm and ending at 1:52 pm. KFin Technologies Limited served as the Registrar and Share Transfer Agent, while Mr. Adesh Tandon acted as the scrutinizer.

Director Appointments and Tenure

Members approved the re-appointment of Mr. Dhirendra Mohan Gupta, Mr. Sunil Gupta, Mr. Sanjay Gupta, and Mr. Shailesh Gupta as Whole-time Directors (WTDs) effective from October 1, 2026, to September 30, 2031. Additionally, Mr. Mahendra Mohan Gupta was approved to continue as a Non-Executive Director for the same period.

Mr. Dhirendra Mohan Gupta, aged 82, brings over 60 years of experience in the print media industry and is associated with the company since inception. Mr. Sunil Gupta, aged 64, holds commerce degrees and has over 40 years of experience, serving as a director since 1993. Mr. Sanjay Gupta, aged 63, has over 40 years of experience and has been a director since 1993. Mr. Shailesh Gupta, aged 57, has over 35 years of experience and has been a director since 1994.

Mr. Mahendra Mohan Gupta, aged 85, continues as Non-Executive Chairman. He previously served as Chairman and Managing Director until October 1, 2023. He holds a bachelor's degree in Commerce and has over 65 years of experience in the print media industry.

Voting Outcomes

All eight resolutions were passed with the requisite majority. A total of 48 members or authorized representatives attended physically or virtually, while 229 members voted through remote e-voting. The quorum was present as per Section 103 of the Act.

Promoter and Promoter Group shareholders voted unanimously in favor of all resolutions, casting over 149 million votes each time. Public institutional investors showed dissent on director re-appointment resolutions, voting against Resolutions 2 and 3 by approximately 92% of their polled votes.

Management Present

Non-Executive Chairman Mahendra Mohan Gupta presided over the meeting. Other whole-time directors present included Dhirendra Mohan Gupta, Sunil Gupta, Sanjay Gupta, Sandeep Gupta, Shailesh Gupta, and Satish Chandra Mishra. Independent directors Anita Nayyar, Arun Anant, Divya Karani, Hormusji N. Cama, Kemisha Soni, Pramod Agarwal, Shaalin Tandon, and Shailendra Swarup also attended.