HDFC Mutual Fund reduced its shareholding in Jagran Prakashan Limited by 2.42% through open market sales on May 29, 2026, bringing its total stake down to 4.71% of the paid-up equity share capital. The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the disposal, the aggregate holding of the schemes of HDFC Mutual Fund stood at 7.13%, representing 1,55,27,121 equity shares. Following the sale of 52,74,246 shares, the holding has adjusted to 1,02,52,875 equity shares. The paid-up equity share capital of Jagran Prakashan Limited remains Rs. 43,53,08,544, comprising 21,76,54,272 equity shares of Rs. 2 each.

The acquirer, identified as HDFC Mutual Fund acting through schemes such as HDFC Multi Cap Fund, HDFC Hybrid Equity Fund, and HDFC Mid Cap Fund, confirmed that it does not belong to the promoter or promoter group of the target company. The shares of Jagran Prakashan Limited are listed on BSE Limited and National Stock Exchange of India Limited.

Shareholding Details

The following table outlines the changes in the shareholding pattern:

The disclosure was submitted by Dinesh Bhakade, Lead – Compliance Governance at HDFC Asset Management Company Limited, the investment manager for the schemes of HDFC Mutual Fund.

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.