Jagran Prakashan Limited has provided an update on ongoing NCLT proceedings regarding director removal proposals and related applications, with the tribunal reserving orders on multiple applications filed by the company and related parties.

NCLT Proceedings Update

Following the company's earlier disclosure on February 20, 2026, three new applications have been filed in the pending matter "Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors., C.P. No. 64 of 2023." The applications were listed for hearing on February 24, 2026, and argued extensively on February 26, 2026.

Relief Sought in Applications

Jagran Prakashan Limited's application (C.A. No. 05 of 2026) seeks reliefs regarding the special notice and request for extraordinary general meeting dated February 12, 2026, which proposes removal of 7 Independent Directors and one Whole-Time Director. Jagran Media Network Investment Private Limited has prayed that voting in shareholders meetings shall be carried out strictly in terms of the Board Resolution dated July 14, 2023, and only by authorized persons.

NCLT Directions and Timeline

The Hon'ble NCLT Allahabad issued notices in all three applications on February 24, 2026, directing responses to be filed within two days. After extensive arguments on February 26, 2026, the tribunal has reserved orders in the three applications.

Additional Proceedings

The Senior Counsel appearing for respondents in the main Company Petition continued with final submissions, with further arguments scheduled for February 26, 2026. Additionally, C.P. No. 57 of 2025 titled "Shailendra Mohan Gupta and Ors. v. Jagran Media Network Investment Private Limited" was also listed and posted to February 26, 2026.

Regulatory Compliance

The company has maintained its commitment to transparency by providing regular disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been made available on the company's corporate website and stock exchange platforms, with further updates promised as material developments occur in the proceedings.

Jagran Prakashan Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 12, 2026, following recommendations from the Audit Committee.

Standalone Financial Performance

The company's standalone performance for Q3FY26 showed mixed results with revenue declining year-over-year while maintaining profitability.

For the nine-month period ended December 31, 2025, the standalone performance showed significant improvement:

Consolidated Financial Results

The consolidated financial performance reflected the impact of the company's subsidiaries and associates.

For the nine-month consolidated performance:

Business Segment Performance

The company's major business segments showed varied performance during Q3FY26:

Key Financial Impact

The company's operating profit was impacted by ₹5.76 crores in standalone results and ₹6.89 crores in consolidated results due to provisions made for the new labour code effective November 21, 2025. Other income showed strong growth of 39% to ₹19.55 crores in Q3FY26, including ₹31.80 crores received from maturity proceeds of a Keyman policy during the nine-month period.

Subsidiary Performance

Music Broadcast Limited, operating the Radio City brand, showed recovery with operating profit of ₹7.61 crores in Q3FY26 compared to ₹10.83 crores in Q3FY25. The subsidiary declared an interim dividend of Re. 0.01 per Non-Convertible Non-Cumulative Redeemable Preference Share.

Corporate Developments

The company disclosed ongoing legal proceedings involving petitions filed under sections 241, 242 and 244 of the Companies Act, 2013 with the National Company Law Tribunal. Management does not expect any adverse impact from these matters on the company's financial position. Additionally, the Group received 27 awards during Q3FY26 across various brands, recognizing leadership in different business segments.