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• The matter titled “Mahendra Mohan Gupta & Ors. v. Devendra Mohan Gupta & Ors„ C.P. No. 64 of 2023” was listed for hearing before Hon’ble NCLT, Allahabad on 26th May 2025.
• Counsel for Respondent Nos. 1, 2, 4 to 8 & 11 to 17 submitted that talks have taken place to settle the matters between the Promotor directors.
• The counsel for the Petitioner submitted that the arguments on behalf of the Petitioner have already been concluded and he does not have any instructions with respect to any settlement talks.
• The Hon’ble Bench adjourned the matter for further hearing to 14.07.2025 at 2:30 PM.

The Board of Directors of Jagran Prakashan Limited, at its meeting held on Saturday, May 24, 2025, approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2025.

• Financial Highlights (Standalone):

  • For the financial year ended March 31, 2025, Revenue from operations stood at ₹1,58,983.96 lakhs, a decrease from ₹1,64,067.31 lakhs in the previous financial year ended March 31, 2024.
  • Profit After Tax (PAT) for the financial year ended March 31, 2025, was ₹7,821.56 lakhs, significantly lower than ₹24,452.07 lakhs reported for the financial year ended March 31, 2024.
  • The company recorded an impairment loss of ₹360.44 lakhs on its investment in Midday Infomedia Limited.
  • The Auditor's Report, issued by M/s. Price Waterhouse, Chartered Accountants LLP, expressed an unmodified opinion on the financial results. No specific management comment or future guidance was provided in the announcement.

• Interim Dividend:

  • The Board approved an interim dividend of ₹6/- per equity share (300%) for the financial year 2024-25.
  • This dividend is payable on 26,36,54,272 fully paid-up equity shares of face value ₹2/- each.
  • The Record Date for determining the entitlement of shareholders to receive the interim dividend is Friday, May 30, 2025.
  • The dividend will be paid to eligible shareholders on or before June 23, 2025.

• Secretarial Auditor Appointment:

  • M/s Adesh Tandon & Associates (Firm Registration/Unique Number: 1987UP019700 and Peer Review Number 741/2020) has been appointed as the Secretarial Auditor of the Company.
  • Their term will be for five consecutive years, from April 1, 2025, to March 31, 2030, subject to the approval of members at the ensuing Annual General Meeting (AGM).

• Legal Matter:

  • The Auditor's Report highlighted a petition filed under Sections 241, 242, and 244 of the Companies Act, 2013, by certain promoter and promoter group members against others. This matter is currently pending with the National Company Law Tribunal (NCLT).
  • The management stated that they do not expect any adverse impact of this matter on the Company's financial position as of March 31, 2025, and thereafter.

• Jagran Prakashan Limited has appointed M/s Adesh Tandon & Associates as Secretarial Auditors.
• The appointment was approved by the Board of Directors on May 24, 2025.
• The appointment is for a term of five consecutive years, commencing from April 1, 2025, to March 31, 2030.
• The appointment is subject to the approval of the shareholders at the 49th Annual General Meeting (AGM).
• M/s Adesh Tandon & Associates is a firm of Company Secretaries led by Mr. Adesh Tandon, who has over 37 years of experience.
• The firm has expertise in Secretarial Audit, Due Diligence Audit, Corporate Governance, and Compliance.
• They also provide consultancy services regarding merger & amalgamation, takeover, and other SEBI compliances.

Jagran Prakashan Limited's Board of Directors, at its meeting held on May 24, 2025, considered and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Key decisions and financial highlights include:

• The Board approved an interim dividend of ₹6 per equity share (300%) on the face value of ₹2 each for the financial year 2024-25, applicable to 26,36,54,272 fully paid-up equity shares.
• The Record Date for determining eligible shareholders for the interim dividend is Friday, May 30, 2025. The dividend payment will be made on or before June 23, 2025.
• For the standalone financial year ended March 31, 2025, the company reported revenue from operations of ₹1,58,983.96 lakhs. The profit for the period stood at ₹20,939.23 lakhs, with basic and diluted earnings per share (EPS) at ₹9.70.
• An impairment loss of ₹360.44 lakhs was recorded for the investment in Midday Infomedia Limited.
• M/s Adesh Tandon & Associates were appointed as the Secretarial Auditor for five consecutive years, effective from April 1, 2025, to March 31, 2030, subject to approval from members at the ensuing Annual General Meeting.
• The company also noted a pending petition under Sections 241, 242, and 244 of the Companies Act, 2013, filed by certain promoter and promoter group members. The management currently does not anticipate any adverse impact on the company's financial position. It was also highlighted that the company currently does not have a managing director, following the completion of Mr. Mahendra Mohan Gupta's term on September 30, 2023.