The Company was incorporated on July 18, 1975 under the Companies Act
as Jagran Prakashan Private Limited and, subsequently, became a
deemed public
limited company under Section 43A of the Companies Act. In 2000, upon
amendment
of Section 43A of the Companies Act, The Company chose to keep its
status as a
public limited company pursuant to shareholders resolution passed on
August 31, 2000.
In 2004, The Company was again converted into a private limited
company as per the
stipulations under the Original Shareholders Agreement and pursuant
to shareholders
resolution passed on September 28, 2004. Further, on November 23,
2005. The Company
was converted into a public limited company in the light of the Issue
pursuant to a
shareholders resolution passed on November 18, 2005.
Acquisition of Business from M/s Jagran Publications
Vide a business purchase agreement dated July 19, 1975 executed
between the Company
and M/s Jagran Publications (a partnership firm), it has acquired
publication rights of
Dainik Jagran, Kanpur, Dainik Jagran, Gorakhpur, Daily Action, Kanpur
and a monthly
magazine Kanchan Prabha, Kanpur. The plant and machinery required for
publication of
newspapers and magazines were also acquired by us from M/s Jagran
Publications, by
way of a lease agreement dated July 19, 1975.
Vide an agreement of transfer of patent and copyright dated January
25, 1997 executed
between the Company and M/s Jagran Publications, it has acquired the
self-generated patent
and copyright of the contents, which were the absolute and exclusive
property of M/s. Jagran
Publications and were granted the right to exploit the same globally
and universally.
Acquisition of Business from Jagran Prakashan (Delhi) Private
Limited, Jagran Prakashan
(Varanasi) Private Limited and Rohilkhand Publications Private
Limited
On March 31, 2000, our Company executed separate business purchase
agreements with Jagran Prakashan (Delhi) Private Limited (JPDPL),
Jagran Prakashan (Varanasi) Private Limited (JPVPL), Rohilkhand
Publications Private Limited (RPPL), pursuant to which it has
acquired, on a lock, stock and barrel basis, their entire
undertakings (including all the assets and liabilities) for
publication of Dainik Jagran at various centres.
Acquisition of Business from Jagran Limited
Further, The Company and Jagran Limited executed a business purchase
agreement dated July 5, 2000. Prior to the said agreement, Jagran
Limited published certain editions of Dainik Jagran. Pursuant to the
said agreement, it has acquired, on a lock, stock and barrel basis,
from Jagran Limited the entire undertaking for publication of the
newspaper.
Subsequently, the Company and Jagran Limited executed a deed of
undertaking dated March 25, 2005, which stipulates that Jagran
Limited shall not undertake publication of (i) any newspaper with the
name Dainik Jagran or any other similar name or any combination or
variations thereof, from any place including Meerut and Dehradun and
(ii) any Hindi newspaper from the States of Uttar Pradesh,
Uttaranchal, Haryana, Bihar, Jharkhand and Punjab.
Scheme of Amalgamation
In 2002, by a scheme of amalgamation between JPDPL, JPVPL, RPPL and
the Company, sanctioned by the High Court of Allahabad, vide its
order dated June 1, 2002, the whole of the undertakings of each of
JPDPL, JPVPL and RPPL were transferred to and vested in the Company.
Since JPDPL, JPVPL and RPPL were our wholly-owned subsidiaries, no
Equity Shares were allotted in lieu of the shares held by the Company
in the said companies. The share capital of each of JPDPL, JPVPL and
RPPL stood cancelled.
Acquisition of Business from Jagran Research Centre
In fiscal 2005, we acquired the research business of Jagran Research
Centre, a partnership firm, in which the Company was holding 89% of
the shares prior to the acquisition. It has paid Rs. 1.53 million as
consideration for the acquisition.
2006
-Jagran Prakashan Ltd has informed that Dainik Jagran is launching
its 31st edition from Amritsar on September 06, 2006.
-Jagran Prakashan launches City Plus
-Jagran Prakashan to launch I-next, a compact daily
-Jagran Prakashan fixes price band at Rs 270-32
2008
- Jagran Prakashan Ltd has appointed Mr. Rahul Gupta as an alternate
director to Mr. Gavin K O Reilly w.e.f. October 23, 2008.
- The Company has splits its face value from Rs10/- to Rs2/-.
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