Jagran Prakashan Limited has provided an update regarding the proceedings of its Extraordinary General Meeting (EGM) held on May 29, 2026. The company received an email from BSE concerning a delay in disclosing the EGM proceedings. Jagran Prakashan explained that the matters considered in the EGM are subject to proceedings before the National Company Law Appellate Tribunal (NCLAT). The NCLAT, through an order dated May 26, 2026, directed that the implementation of the EGM resolutions be kept in abeyance until the outcome of Company Petition No. 64/2023. The company, in consultation with legal advisors, carefully evaluated the implications and disclosure requirements, particularly concerning the NCLAT's directive to stay implementation. Consequently, the board of directors passed a circular resolution on May 30, 2026, stating that while the EGM results would be declared, no steps towards implementation, including filing DIR-12 forms, would be taken. The company clarified that the delay in disclosure was unintentional and due to the need to assess requirements while complying with the NCLAT's directions. The voting results of the EGM, along with the scrutinizer's report, were duly disclosed on June 1, 2026. Jagran Prakashan assured that such instances would be avoided in the future and reaffirmed its commitment to corporate governance and regulatory compliance. The EGM, held on May 29, 2026, from 12:30 P.M. to 01:38 P.M., involved eight special resolutions for the removal of directors: Ms. Divya Karani, Mr. Shailendra Swarup, Ms. Anita Nayyar, Ms. Kemisha Soni, Mr. Pramod Agarwal, Mr. Shaalin Tandon, Mr. Arun Anant, and Mr. Satish Chandra Mishra (whole-time director). The voting results indicated overwhelming support for these resolutions, with a significant majority of votes in favour. However, the implementation of all these resolutions remains stayed by the NCLAT order.
