Jagran Prakashan Limited (JPL) has made a disclosure to BSE Limited and National Stock Exchange of India Limited regarding legal proceedings before the National Company Law Tribunal (NCLT), Allahabad Bench.

Nature of Disclosure: This is a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, made in furtherance to a previous disclosure dated 3rd June, 2026 under Regulations 30(3) and 30(4) read with Para B, Part A of Schedule III.

Legal Proceedings Update: A fresh application (I.A. No. 57 of 2026) has been filed by Mr. Mahendra Mohan Gupta, Mr. Shailesh Gupta and VRSM Enterprises LLP in the company petition titled Mahendra Mohan Gupta and Ors. v. Devendra Mohan Gupta and Ors., C.P. No. 64 of 2023, pending before the Hon'ble NCLT, Allahabad. The application was listed for hearing on 9th June, 2026.

Prayers Sought in Application: The application sought the following reliefs:

  • Restrain Respondents from accessing the demat account of JMNIPL including casting votes at general meetings of JPL
  • Restore authorized signatory position of JMNIPL's demat account as it existed on 23.04.2026
  • Set aside resolutions passed at JPL's Extraordinary General Meeting held on 29.05.2026 and consequent actions including removal of 7 independent directors and one whole-time director

NCLAT Order Reference: The order references an NCLAT order dated 26.05.2026 which directed that implementation of resolutions from the EGM dated 29.05.2026 be kept in abeyance until the outcome of Company Petition No. 64/2023. The NCLAT also requested NCLT to hear remaining arguments on 01.06.2026 and dispose of the petition expeditiously.

Current Status: The applicant's senior counsel stated they are not seeking any interim relief at this stage. Notice of the application has been issued to respondents who have time until 3rd July 2026 to file response, with rejoinder due within one week thereafter.

Next Hearing: The application has been deferred and will be heard on 8th July 2026 at 12:30 PM along with the main company petition.

Company Commitment: JPL stated it will provide further disclosure/update when there is a material development in the proceedings. The information has been/will be uploaded on the company's corporate website (www.jplcorp.in) and stock exchange websites.