Jagran Prakashan Ltd.: NCLT Reserves Orders on Applications Concerning Director Removal and Shareholder Voting
Jagran Prakashan Ltd. has filed applications in a legal matter concerning the removal of directors and shareholder voting procedures. The NCLT heard arguments on February 26, 2026, and has reserved its orders, which are expected to be pronounced on February 27, 2026.
The legal proceedings involve the potential removal of directors and changes in voting procedures, which could have a significant impact on the company's governance and operations.
The announcement details ongoing legal proceedings and NCLT hearings. While there are applications related to director changes and voting, the outcome is pending, making the sentiment neutral.
Jagran Prakashan Limited (JPL) has provided an update on legal proceedings concerning its operations. Following up on a previous disclosure dated February 20, 2026, the Company has filed an application (C.A. No. 05 of 2026) in the pending matter of "Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors." (C.P. No. 64 of 2023). This application seeks relief regarding a special notice and a request to convene an extraordinary general meeting (EGM) proposed for February 12, 2026, which aims to remove seven Independent Directors and one Whole-Time Director.
Additionally, two new applications, C.A. No. 04 of 2026 (filed by Jagran Media Network Investment Private Limited - JMNIPL) and C.A. No. 06 of 2026 (filed by Mr. Dhirendra Mohan Gupta and Mr. Sanjay Gupta), have also been filed in C.P. No. 64 of 2023. JMNIPL's application requests that voting in JPL's shareholder meetings be conducted strictly as per its Board Resolution dated July 14, 2023, and only by an authorized person.
On February 24, 2026, the Hon’ble NCLT, Allahabad, directed the issuance of notices for these three applications (C.A. No. 04, 05, and 06 of 2026). Responses were to be filed within two days, and the applications were adjourned for hearing on February 26, 2026, at 10:30 a.m. Further arguments in the main Company Petition (C.P. No. 64 of 2023) were also scheduled to continue on February 26, 2026.
Separately, C.P. No. 57 of 2025, titled “Shailendra Mohan Gupta and Ors. v. Jagran Media Network Investment Private Limited,” was also listed on February 24, 2026, and adjourned to February 26, 2026.
As of February 26, 2026, the NCLT has reserved its orders in applications C.A. No. 04, 05, and 06 of 2026 after extensive arguments. The pronouncement of these orders is scheduled for February 27, 2026, at 12:30 p.m. The company will provide further updates upon material developments.
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Jagran Prakashan Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Jagran Prakashan Limited. Read the original for the full detail.