Jagran Prakashan Limited has received a GST demand order of ₹32,83,687 from tax authorities, which the company intends to challenge based on legal advice. The media company disclosed this development under SEBI regulations, maintaining that it has a strong case on merit against the order.

GST Demand Order Details

The Deputy Commissioner, Central GST & Central Excise, Ranchi issued the demand order dated December 29, 2025, under section 74 of the Central Goods and Services Tax Act, 2017. The order covers the period from 2018-19 to 2022-23 and includes several components:

Nature of Alleged Violations

The GST demand order primarily relates to Input Tax Credit entitlement issues. According to the company's disclosure, the order seeks tax payment on the entitlement of Input Tax Credit availed by Jagran Prakashan and corresponding reconciliation with various parameters mentioned in the order.

The company received the order via email on December 29, 2025, and has disclosed the matter in compliance with SEBI regulations regarding material developments.

Company's Response and Legal Position

Jagran Prakashan has expressed confidence in its legal position regarding the GST demand. Based on legal advice obtained, the company believes the order is not tenable and maintains it has a strong case on merit. The media company has indicated it will pursue legal remedies to challenge the demand.

Financial and Operational Impact

According to the company's assessment, there is no expected impact on financials, operations, or other activities of Jagran Prakashan pursuant to the receipt of the order. This assessment is based on legal advice indicating that the order is apparently not tenable and the company has a strong case on merit.

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has made the information available on its website at www.jplcorp.com for stakeholder reference.

Jagran Prakashan Limited (JPL), one of India's leading media conglomerates, has disclosed updates on two ongoing cases before the National Company Law Tribunal (NCLT) in Allahabad. These cases involve petitions filed under Sections 241, 242, and 244 of the Companies Act, 2013, by certain promoter and promoter group members against other promoters and promoter group members of the company.

Key Developments in NCLT Proceedings

Jagran Prakashan Limited has provided updates on two ongoing NCLT cases involving the Gupta family members. The proceedings were heard on December 1, and the following developments were reported:

C.P. No. 64 of 2023 (Mahendra Mohan Gupta and Others v. Devendra Mohan Gupta and Others):

• The next hearing is scheduled for December 18.

C.P. No. 57 (Shailendra Mohan Gupta and Others v. Jagran Media Network Investment Private Limited and Others):

• The NCLT has directed respondents to file their replies within one week.
• This matter is also scheduled for further hearing on December 18.

Both cases involve oppression and mismanagement petitions and are set to be heard on the scheduled date.

Company's Stance and Future Updates

Jagran Prakashan has stated that it will provide updates only when there are material developments in the proceedings. The company's management currently does not expect any adverse impact of these matters on its financial position as of September 30 or on its future operations.

Background of the Litigation

The litigation began on July 10, 2023, when Mr. Mahendra Mohan Gupta (Non-Executive Chairman and Promoter) and Mr. Shailesh Gupta (Whole-Time Director and member of the Promoter group) filed a petition against other Promoters and Promoter Group members. During the current quarter, Shailendra Mohan Gupta (Non-Executive Director and Promoter Group member) filed a similar petition.

Management Changes

It's worth noting that Mr. Mahendra Mohan Gupta's term as managing director of the company concluded on September 30, 2023. As of now, Jagran Prakashan does not have a managing director.

Financial Performance

While the litigation is ongoing, Jagran Prakashan's financial results for Q2 show resilience:

The company's financial performance demonstrates its ability to maintain operations and growth despite the ongoing legal proceedings.

As the NCLT cases progress, stakeholders will be watching closely for any developments that could impact Jagran Prakashan's corporate governance structure or operational dynamics. The company's commitment to providing updates on material developments suggests a transparent approach to addressing these legal challenges.