Jagran Prakashan Limited EGM Concludes Director Removal Resolutions; Implementation Kept In Abeyance per NCLAT Order
Jagran Prakashan Limited held an Extra-Ordinary General Meeting (EGM) on May 29, 2026, during which several special resolutions concerning the removal of directors were passed. The company subsequently clarified that, in strict compliance with a ruling by the National Company Law Appellate Tribunal (NCLAT), all resolutions passed at the EGM must remain in abeyance until further orders from the competent judicial forum.The EGM, held through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) and concluding at 01:38 P.M., involved voting on eight specific matters relating to the company's leadership structure. The resolutions included the removal of 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 from their respective positions within Jagran Prakashan Limited (JPL).
The voting results for the resolutions were declared by the Chairman following the EGM, recording that all implementation of the resolutions must be kept in abeyance pursuant to the order dated May 26, 2026, issued by the Hon'ble Principal Bench of NCLAT.
Key Voting Outcomes and Status
The company received an order from the NCLAT dated May 26, 2026, directing that the implementation of the EGM resolutions be kept in abeyance until the outcome of Company Petition No. 64/2023. In response, the Board of Directors passed a resolution on May 30, 2026, confirming that no further steps towards implementing any of the passed resolutions would be undertaken, including filing relevant forms with the Registrar of Companies.The voting results for these director removal proposals showed high levels of support across all categories of stakeholders:
| Resolution Description | Total Votes Cast in Favour | % of Valid Votes Cast in Favour (Public) | Total Votes Cast Against | % of Valid Votes Cast Against (Public) |
|---|---|---|---|---|
| Removal of Ms. Divya Karani (Special Resolution) | 151,742,019 | 89.3996% | 17,993,113 | 10.6007% |
| Removal of Mr. Shailendra Swarup (Special Resolution) | 152,490,047 | 89.8400% | 17,245,085 | 10.1600% |
| Removal of Ms. Anita Nayyar (Special Resolution) | 152,490,147 | 89.8401% | 17,245,005 | 10.1599% |
| Removal of Ms. Kemisha Soni (Special Resolution) | 151,742,519 | 89.3996% | 17,992,633 | 10.6004% |
| Removal of Mr. Pramod Agarwal (Special Resolution) | 151,742,169 | 89.3994% | 17,992,963 | 10.6006% |
| Removal of Mr. Shaalin Tandon (Special Resolution) | 152,489,947 | 89.8399% | 17,245,185 | 10.1601% |
| Removal of Mr. Arun Anant (Special Resolution) | 151,742,069 | 89.3993% | 17,993,063 | 10.6007% |
| Removal of Mr. Satish Chandra Mishra (Ordinary Resolution) | 151,743,744 | 89.4004% | 17,991,213 | 10.5996% |
Board Action and Corporate Governance
The company confirmed that the voting results of the EGM, along with the scrutinizer's report, were duly disclosed in accordance with applicable requirements. The board resolution confirmed the necessity of the abeyance period imposed by the NCLAT.The board proceedings also noted the appeal filed by the company before the Hon’ble NCLAT and ensured continued due compliance with the ruling dated May 26, 2026. These resolutions were passed to formally document that while the voting results are on record, no corporate actions related to director removal or changes in statutory registers will be undertaken until further judicial direction is received from the competent forum.
JAGRAN Stock Price Movement
Jagran Prakashan Limited shares settled at ₹77.44 today after gaining 0.55% in post-market trading. The stock successfully reached its 52-week high during the session, with a total volume of 2.78 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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