MAM
Jagran Prakashan seeks removal of seven independent, one whole-time director
Seven independent directors and full-time director Satish Chandra Mishra face removal under special notice
NEW DELHI: A governance tussle has intensified at Jagran Prakashan Limited, after its holding company moved to remove a majority of the board. In a stock exchange filing dated 12 February, 2026, the company disclosed that Jagran Media Network Private Limited has issued a special notice seeking the removal of seven independent directors and one whole-time director.
The independent directors proposed for removal are Divya Karani, Shailendra Swarup, Anita Nayyar, Kemisha Soni, Pramod Agarwal, Shalin Tandon and Arun Anant. The notice also seeks the ouster of full-time director Satish Chandra Mishra. An extraordinary general meeting has been convened to consider the resolutions.
The holding company has alleged that the directors were not appointed in accordance with due process. It further claimed that the company’s chairman, Mahendra Mohan Gupta, failed to exercise voting rights in line with directions issued by the JMNIPL board.
Gupta, in a separate communication to the board on 12 February, said the voting rights dispute is already under adjudication before the National Company Law Tribunal, Allahabad bench. Two company petitions linked to the matter are currently pending before the tribunal.
The special notice was taken up at the board meeting held the same day. The company said its board would take all necessary and appropriate steps in accordance with applicable law.
Brands
Hard Rock kitchen appliances to enter India through EBG Group
Coffee machines and gadgets set to tap Rs 29,000 crore market
MUMBAI: EBG Group has partnered with Hard Rock International to bring a new range of Hard Rock branded coffee machines and small kitchen appliances to Indian consumers, marking the global brand’s entry into the country’s premium home appliance segment.
The partnership will see EBG Group design, develop, manufacture and distribute the appliances under a licensing agreement. The collaboration is backed by a planned investment of Rs 100 crore and is targeting revenue of Rs 500 crore over the next five years.
The companies are looking to tap into India’s fast growing premium home appliance market, estimated at around Rs 29,000 crore and expanding at an annual growth rate of about nine per cent. Their aim is to capture roughly five per cent market share in the coming years.
Globally, Hard Rock has built a strong presence across hospitality, entertainment, retail and lifestyle merchandise. The new venture extends the brand’s music inspired identity into everyday household products, bringing its distinctive design language to modern kitchens.
EBG Group founder and chief executive officer Irfan Khan said the collaboration blends brand appeal with product performance. “Hard Rock represents energy, authenticity and a globally aspirational lifestyle. Through this partnership we aim to introduce a differentiated portfolio of premium coffee machines and kitchen appliances that combine design, reliability and strong brand experience,” he said.
The upcoming product range will pair Hard Rock’s bold aesthetics with high performance technology and premium materials. The first phase of the launch will focus on key metropolitan markets, followed by expansion into other major cities.
Products will be available through leading retail chains, major e commerce platforms and select premium distribution channels, targeting urban consumers looking for appliances that deliver both performance and lifestyle appeal.
