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Jagran Prakashan
BSE: 532705|NSE: JAGRAN|ISIN: INE199G01027|SECTOR: Media & Entertainment
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Company History - Jagran Prakashan
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
 
 -Jagran Prakashan has given the Bonus in the Ratio of 1:5
 
 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/-.
 
 
 2009
 
 - The Board of Directors of the Company at its meeting held on
 October 27, 2009, inter alia, has declared an Interim Dividend of Rs.
 2 per equity share of Rs. 2/- each.
 
 
 2010
 
 - Jagran Prakashan Limited announces the merger of newspaper business
 of Mid-Day Multimedia Limited WITH ITSELF.
 
 
 2011
 
 - Jagran Praka - Launch of Urdu newspaper Inquilab
 
 - Jagran Praka - Launch of Punjabi newspaper Punjabi Jagran
 
 
 2012
 
 - Jagran Praka - Jagran Prakashan acquires Suvi Info Management
 (Indore) Private Limited.
 
 - Company has allotted 1,500 Secured Redeemable Non-Convertible
 Privately Placed Debentures (NCDs) of face value of Rs. 10,00,000
 each, aggregating to Rs. 150 Crores to the subscribers.
Source : Dion Global Solutions Limited
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