Jagran Prakashan Limited held its Extra-Ordinary General Meeting (EOGM) on May 29, 2026, to vote on the removal of seven independent directors and one whole-time director. While the meeting proceeded as scheduled, the implementation of the resolutions passed has been kept in abeyance pending the outcome of Company Petition No. 64 of 2023 before the National Company Law Tribunal (NCLT), Allahabad. This directive follows an order dated May 26, 2026, from the National Company Law Appellate Tribunal (NCLAT).

The EOGM, conducted via video conferencing, commenced at 12:30 P.M. and concluded at 01:38 P.M. at the company's registered office in Kanpur. A total of 42 members or authorized representatives and 167 members who voted through remote e-voting participated in the proceedings. The meeting was requisitioned to consider the removal of specific directors, including Ms. Divya Karani and Mr. Satish Chandra Mishra, based on a notice dated May 2, 2026.

The NCLAT permitted the holding of the meeting, citing principles of corporate democracy, but explicitly stayed the execution of its outcomes. The legal dispute centers on internal conflicts within the promoter group regarding voting rights, specifically concerning the authority to vote on behalf of Jagran Media Network Investment Private Limited, which holds 67.97% of the paid-up equity share capital.

The tribunal's order references the need to decide the effect of Article 4.1 of the Articles of Association of Jagran Media Network Investment Private Limited and Article 2.3 of the Articles of Association of Jagran Prakashan Limited. The NCLAT has requested the NCLT Allahabad to hear the remaining arguments and dispose of the petition expeditiously.

The resolutions put to vote included the removal of Ms. Divya Karani, Mr. Shailendra Swarup, Ms. Anita Nayyar, Ms. Kemisha Soni, Mr. Pramod Agarwal, Mr. Shaalin Tandon, and Mr. Arun Anant as independent directors, and Mr. Satish Chandra Mishra as whole-time director. The company appointed KFin Technologies Limited as the Registrar and Share Transfer Agent to facilitate the e-voting process.

Jagran Prakashan Limited has corrected a clerical error in its previous announcement to confirm that the interim dividend declared for the financial year ended March 31, 2026, is ₹10 per equity share. The company clarified that the amount was previously misstated in words as "Nine" instead of "Ten." The dividend includes a special dividend of ₹3 per share, amounting to 500% of the face value of ₹2 per equity share. The record date for the dividend is June 5, 2026.

The Board of Directors approved the interim dividend at its meeting held on May 28, 2026. Amit Jaiswal, Chief Financial Officer, Compliance Officer and Company Secretary, signed the clarification addressed to the stock exchanges. The company stated that the updated information would be uploaded on its corporate website and the websites of BSE Limited and National Stock Exchange of India Limited.

Consolidated Financial Performance

Jagran Prakashan reported a consolidated net profit of ₹184.93 crore for FY26, a 96.9% increase from ₹93.93 crore in the previous year. This growth was driven by a significant reduction in impairment losses, which fell to ₹35.64 crore from ₹130.35 crore in FY25, and lower finance costs. Total consolidated operating revenue for FY26 stood at ₹1,876.22 crore, slightly lower than ₹1,888.13 crore in FY25. Profit Before Tax (PBT) improved to ₹267.11 crore from ₹136.61 crore in the previous year.

In Q4FY26, the company reported a consolidated net profit of ₹6.06 crore compared to a net loss of ₹51.46 crore in the same quarter of the previous year. Operating profit for Q4FY26 rose 30% year-on-year to ₹83.46 crore.

Segment Performance

The group operates through three main segments: printing, publishing and digital; FM radio business; and others. The printing, publishing and digital segment reported a profit of ₹222.37 crore for FY26, while the FM radio business reported a segment loss of ₹57.69 crore. The group recognised an impairment loss of ₹39.76 crore for the radio cash-generating unit during the year. Advertisement revenue grew by 3% in FY26 to ₹1,288.22 crore. The outdoor and event business registered strong growth in operating revenue of 11% on a year-on-year basis.