Jagran Prakashan Limited has filed a legal application seeking relief against a special notice and request for an extraordinary general meeting aimed at removing multiple directors from the company's board.

Legal Application Filed

The company filed the application on February 20, 2026, in the pending legal matter titled "Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors., C.P. No. 64 of 2023." This action follows a prior disclosure made by the company on February 12, 2026, under SEBI listing regulations.

Director Removal Proposal Details

The special notice and EGM request propose significant changes to the company's board composition:

Relief Sought by Company

Jagran Prakashan Limited has sought comprehensive legal protection through its application. The company is requesting the court to restrain the requisitioning shareholder from proceeding with the director removal process. Specifically, the relief sought includes preventing any steps toward removing the concerned directors pursuant to both the special notice and the request for convening the extraordinary general meeting.

Regulatory Compliance and Disclosure

The filing represents a continuation of the company's regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The application was made after obtaining appropriate legal advice, demonstrating the company's measured approach to addressing the shareholder requisition.

Future Updates

The company has committed to providing further disclosures and updates as material developments occur in the legal proceedings. This information will be made available through multiple channels including the company's corporate website and stock exchange platforms to ensure transparency with stakeholders.

Jagran Prakashan Limited finds itself at the center of a corporate governance dispute as its holding company moves to remove eight directors from the board. The controversy stems from questions over the validity of director appointments and voting rights exercise.

Removal Proposal Details

Jagran Media Network Private Limited (JMNIP), the holding company of Jagran Prakashan Limited, issued a special notice dated February 12, 2026, proposing the removal of eight directors. The proposal targets seven independent directors and one whole-time director.

Grounds for Removal

The holding company's board cited a specific reason for the proposed removals: the concerned directors were allegedly not validly appointed. According to the disclosure, Mr. Mahendra Mohan Gupta did not exercise the voting rights of JMNIP in the manner decided by JMNIP's Board during the appointment process.

Legal Proceedings Underway

The voting rights dispute is currently under judicial review at the National Company Law Tribunal, Allahabad Bench. Two company petitions are pending before the Hon'ble NCLT:

• Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors., C.P. No. 64 of 2023
• Shailendra Mohan Gupta and Ors. v. Jagran Media Network Investment Private Limited, C.P. No. 57 of 2025

Mr. Mahendra Mohan Gupta, who serves as Non-Executive Chairman of both JMNIP and JPL, issued a response letter dated February 12, 2026, highlighting that the scope and exercise of voting rights on behalf of JMNIP remains sub judice before the tribunal.

Board's Response

During its meeting on February 12, 2026, Jagran Prakashan's Board of Directors discussed the special notice and removal request. The board has decided to take appropriate legal steps available under law while dealing with and responding to the holding company's proposal.

The company has committed to providing further disclosures and updates as required under applicable regulations. The information has been made available on the company's corporate website and the websites of both stock exchanges where its shares are listed.