Note 12: Provisions - employee benefit obligations
Accounting policy

(i) Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months
after the end of the period in which the employees render the related service are recognized in respect of employees’
services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities
are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(ii) Other long-term employee benefit obligations

The liabilities for earned leave that are not expected to be settled wholly within 12 months after the end of the period in
which the employees render the related service. These obligations are therefore measured at the present value of expected
future payments to be made in respect of services provided by employees up to the end of the reporting period using the
projected unit credit method. The benefits are discounted using the appropriate market yields at the end of the reporting
period that have terms approximating to the terms of the related obligation. Remeasurements as a result of experience
adjustments and changes in actuarial assumptions are recognized in profit or loss.

The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to
defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected
to occur.”

(iii) Post-employment obligations

The Company operates the following post-employment schemes:

(a) Defined benefit plans(gratuity)

(b) Defined contribution plans such as provident fund.

Pension and gratuity obligations

The liability or asset recognized in the balance sheet in respect of defined benefit pension and gratuity plans is the present
value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined
benefit obligation is calculated annually by actuaries using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by
reference to market yields at the end of the reporting period on government bonds that have terms approximating to the
terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the
fair value of plan assets. This cost is included in employee benefit expense in the statement of profit and loss.

Note 12: Provisions - employee benefit obligations (Contd.)

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized
in the period in which they occur, directly in other comprehensive income. They are included in retained earnings in the
statement of changes in equity and in the balance sheet.

Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognized
immediately in profit or loss as past service cost.

Defined contribution plans

The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The
Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as
defined contribution plans and the contributions are recognized as employee benefit expense when they are due. Prepaid
contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.

(B) Defined contribution plans:

The Company also has certain defined contribution plans. Contributions are made to provident fund & Employees' State
Insurance Fund. The Company makes contributions in India for employees at the specified rate of salary as per regulations.
The contributions are made to registered provident fund and employees' state insurance fund administered by the
Government. The obligation of the Company is limited to the amount contributed and it has no further contractual nor any
constructive obligation. The expense recognised during the period towards defined contribution plan is ' 2,501.15 (March
31, 2024: ' 2,38770).

(C) Post-employment obligations
Defined benefit plans - Gratuity

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in
continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination
is the employees' last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number
of years of service. The gratuity plan is a funded plan and the Company makes contributions to fund managed by the Life
Insurance Corporation of India.

(vi) Risk exposure

Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed
below:

Interest rate risk: The plan exposes the Company to fall in the interest rates. A fall in the interest rates will result in an
increase in the ultimate cost of providing the above benefit and will thus result in an increase in the value of liability (as
shown in financial statements).

Salary escalation risk: The present value of the defined benefit plan liability is calculated with the assumption of salary
increase rate of plan participants in future. Deviation in the rate of increase of salary in future for plan participants from the
rate of increase in salary used to determine the present value of obligation will have a bearing on the plan's liability.

Demographic risk: The Company has used certain mortality and attrition assumption in valuation of the liability. The
Company is exposed to the risk of the actual experience turning out to be worse.

Regulatory risk: Gratuity benefit is paid in accordance with the requirements of the Payment of Gratuity Act, 1972 (as
amended from time to time). There is a risk of change in regulation requiring higher gratuity payouts.

Liquidity risk: This is the risk that the Company is not able to meet the short-term gratuity payouts. This may arise due to
non-availability of enough cash/cash equivalent to meet the liabilities or holding of illiquid assets not being sold in time.

Asset liability mismatching or market risk: The duration of the liability is longer compared to duration of assets, exposing
the Company to market risk for volatilities/fall in interest etc.

Investment risk: The probability or likelihood of occurrence of losses relative to the expected return on any particular
investment.

(vii) Defined benefit liability and employer contributions

The Company aims to eliminate the deficit in defined benefit gratuity plan. Funding levels are monitored on an annual basis.
The Company considers that the contribution set at the last valuation date is sufficient to eliminate the deficit over the period
and that regular contributions, which are based on service costs, will not increase significantly.

Expected contributions to post-employment benefit plan for the year ending March 31, 2026 are ' 1,346.78 (March 31,
2025: ' 1,601.81).

Note 15: Revenue from operations
Accounting Policy
Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can
be reliably measured, regardless of when the payment is being made. Revenue is measured based on the transaction price,
which is the consideration, adjusted for allowances, trade discounts, volume rebates, if any, as specified in the contract with
the customer. Revenue excludes taxes collected from customers. The Company has concluded that it is the principal in all of its
revenue arrangements since it is the primary obligor in all the revenue arrangements as it has pricing latitude and is also exposed
to inventory and credit risks.

Goods and Service Tax (GST) is not received by the Company on its own account. Rather, it is tax collected on behalf of the
government. Accordingly, it is excluded from revenue.

Contract asset represents the Company’s right to consideration in exchange for services that the Company has transferred to a
customer when that right is conditioned on something other than the passage of time.

A contract liability is recognized if a payment is received or a payment is due (whichever is earlier) from a customer before the
Company transfers the related goods or services and the Company is under an obligation to provide only the goods or services
under the contract. Contract liabilities are recognized as revenue when the Company performs under the contract (i.e., transfers
control of the related goods or services to the customer).

Note 15: Revenue from operations (Contd.)

The Company recognizes a refund liability if the Company receives consideration from a customer and expects to refund
some or all of that consideration to the customer. A refund liability is measured at the amount of consideration received
(or receivable) for which the Company does not expect to be entitled (i.e. amounts not included in the transaction price).

The specific recognition criteria described below must also be met before revenue is recognized:

(i) Advertisement revenue

Revenue from sale of advertisement space is recognized (net of estimated volume discounts), as and when the relevant
advertisement is published. Revenue for all barter transactions is recognized at the time of actual performance of the contract to
the extent of performance completed by either party against its part of contract and is with reference to non-barter transactions.
A receivable is recognized when the goods are delivered as this is the point in time that the consideration is unconditional
because only the passage of time is required before the payment is due.

(ii) Sale of newspaper & publications, waste papers and others

Revenue from sale of publications is recognized (net of credits for unsold copies), as and when the newspapers and
magazines are dispatched which coincides with transfer of control of goods to the customer

Revenue from the sale of waste papers/scrap is recognized when the control is transferred to the buyer, usually on delivery
of the waste papers/scrap.

A receivable is recognized when the goods are delivered as this is the point in time that the consideration is unconditional
because only the passage of time is required before the payment is due.

(iii) Outdoor advertising

The Company provides dedicated advertising services that focuses on the consumers when they are outside of their homes
through hoardings, billboards, retail signages etc. Revenue from outdoor activities is recognized as and when the control
of service is transferred to the customer over the period advertisement is displayed.

A receivable is recognized when the services are delivered as this is the point in time that the consideration is unconditional
because only the passage of time is required before the payment is due.

(iv) Event management and activation services

The Company offers end-to-end and experimental below the- line (BTL) marketing solutions such as product and brand
promotion, events, conferences, exhibitions, public health programmes etc. Revenue from event management and activation
services is recognized when the control of service is transferred to the customer over the period of the event.

A receivable is recognized when the services are delivered, as this is the point in time that the consideration is unconditional
because only the passage of time is required before the payment is due.

(v) Job work

Revenue from printing job work is recognized by reference to stage of completion of job work as per terms of agreement.
Revenue from job work is measured based on the transaction price, which is the consideration.

A receivable is recognized when the services are delivered as this is the point in time that the consideration is unconditional
because only the passage of time is required before the payment is due.

(vi) Financing components

The Company does not have any contracts where the period between the transfer of the promised goods or services to
the customer and payment by the customer exceeds one year. As a consequence, the Company does not adjust any of the
transaction prices for the time value of money.

Note 23: Income tax expense
Accounting policy

(a) Income tax

Income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable
income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary
differences.

Tax expense comprises current and deferred tax. Current and deferred tax is recognized in profit or loss except to the extent
that it relates to items recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized
in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of
the reporting period. Management periodically evaluates positions taken in tax returns with respect to situations in which
applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept
an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected
value, depending on which method provides a better prediction of the resolution of the uncertainty.

Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases
of assets and liabilities and their carrying amounts in the standalone financial statements. However, deferred tax liabilities
are not recognized if they arise from the initial recognition of goodwill. Deferred income tax is also not accounted for if it
arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the
transaction affects neither accounting profit nor taxable profit (tax loss). Deferred income tax is determined using tax rates
(and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply
when the related deferred income tax asset is realised or the deferred income tax liability is settled.

Deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets and liabilities
and where the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset
where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realise the asset
and settle the liability simultaneously.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other
comprehensive income or directly to the equity. In this case, the tax is also recognised in other comprehensive income or
directly in equity, respectively.

Note 24: Contingent liabilities

(i) In respect of various pending labour and defamation cases: In view of large number of cases, it is impracticable to disclose
the details of each case. Further, the amount of most of these is either not quantifiable or cannot be reliably estimated.

(ii) Demand of' 112.00 (As at March 31, 2024: ' 112.00) received from Collector (Stamp) regarding stamp duty payable on
amalgamation of subsidiary companies with Jagran Prakashan Limited in the year 2002, which has been stayed by the
Hon’ble High Court.

(iii) Demand of' 273.54 for Stamp duty on immovable assets acquired from print business of Naidunia Media Limited which are
yet to be transferred in the name of the Company is received by the Compnay during the year ended on March 31, 2025 and
has been provided in the books of accounts as at March 31, 2025. (As at March 31, 2024: Estimated Liability was ' 211.00).

(iv) Certain employees of Noida region of the Company had filed claims against the Company for payment of wages under the
provisions of law applicable to print media industry for an aggregate amount of ' 1,159.Though as per legal advice received
by the Company these claims are not legally sustainable,Labour and High courts have passed the order against the company.
The company had filed a review petition before the High court which was dismissed by the High Court. Subsequently, the
Company has filed a Special Leave Petition in the Hon'ble Supreme Court and will continue to pursue all other remedies
as and when available to it under law. The Company has received similar claims filed by its employees in other regions for
which, the impact is not ascertainable as of March 31, 2025. At this stage, the Company does not expect crystallisation of
any liability and accordingly the Company does not expect any direct impact of this matter on the financial results of the
Company.

(v) A petition under sections 241, 242 and 244 of the Companies Act, 2013 has been filed with the National Company Law
Tribunal ('NCLT'), Allahabad on July 10, 2023, by Mr. Mahendra Mohan Gupta (currently, Non-Executive Chairman and
Promotor of the Company) and Mr. Shailesh Gupta (Whole-Time Director of the Company and member of the Promoter
group of the Company) in their individual capacities, against the other Promoters and members of the Promoter Group of
the Company. The litigation is at present pending with NCLT and several submissions have been made by all parties to the
NCLT. The term of Mr. Mahendra Mohan Gupta as managing director of the Company completed on September 30, 2023.
As of this date, the Company does not have a managing director. The Company does not expect any adverse impact of
these matters on its financial position as of March 31, 2025 and thereafter.

Note 27: (a) Details of loans, guarantees and investments under section 186 of the Companies Act, 2013

(i) The Company has given a corporate guarantee of an amount not exceeding ' 2,145.00 to ICICI Bank Limited for its wholly
owned subsidiary Midday Infomedia Limited (subsidiary) in relation to the outstanding term loan. The term loan outstanding
in respect thereof as on March 31, 2025 aggregated to ' 157.67 (March 31, 2024 amounted to ' 547.50).

(ii) Details of investment as at March 31, 2025: Refer note 4 and 5 (a)

(b) The shares held in Jagran Publications Private Limited and Jagran Prakashan (MPC) Private Limited are not transferable to
a third party (i.e. persons and body corporate not belonging to U.P. group, defined to be lineal descendants of late Mr. P.C.
Gupta and Company in which not less than 51% shareholding is owned and controlled by their family members) without
complying with certain conditions as contained in the Articles of Association of these two companies.

(c) Pending ongoing disputes and lack of control, these associates are not considered in the consolidated financial statements
of JPL and the investments made in Jagran Publications Private Limited and Jagran Prakashan (MPC) Private Limited are
recorded as investments in these financial statements [refer note 5(a)].

(d) Details as required under Regulation 53(f) read with Para A of Schedule V of SEBI (Listing Obligations and Disclosure
Requirements), 2015 of loans, advances and investments: Nil

(e) The Company had hitherto, without prejudice to its legal rights had fully provided for, receivables amounting to ' 1,568.31 and
' 130.03 due from Jagran Prakashan (MPC) Private Limited and Jagran Publications Private Limited respectively. However,
given the inordinate delay in resolution of the disputes and the inevitable uncertainty inherent in the adjudication process,
the Company had in the financial year 2019-20 written off the debts owed to it by Jagran Publication Private Limited and
Jagran Prakashan (MPC) Private Limited. Based on legal advice received by the Company, such write offs do not adversely
impact the Company's legal position in respect of its disputes with these companies and its shareholders. The Company
will continue to vigorously protect all its legal rights in respect of the investments including financial exposure in Jagran
Publication Private Limited and Jagran Prakashan (MPC) Private Limited, without in any manner being constricted by such
write off [Also refer note 28(B)(II)(1)].

(ii) Valuation technique used to determine fair value

Financial assets in level 1 category includes investment in listed equity instruments and investment in mutual funds, where the
fair values for equity instruments have been determined based on quoted market price and fair values for mutual funds have
been determined based on closing net asset value.

Financial assets in level 3 category includes investment in private equity fund and unlisted equity instruments. In the case of
investment in alternate investment fund, the fair values have been determined based on the net asset value. Investment in
unlisted equity instruments is not usually traded in the market and considering the best information available, cost of investment
is considered as fair value of the investments.

The carrying amount of financial assets and liabilities carried at amortised cost are considered to be approximate to their fair
values due to their short-term nature.

(iii) Valuation processes

The finance department of the Company includes Associate Vice President (Finance) who performs the valuation of financial
assets and liabilities required for financial reporting purposes, including level 3 values. The Associate Vice President (Finance)
reports directly to the Chief Financial Officer (CFO).

The Company’s risk management is predominantly controlled by a treasury department under policies approved by the board
of directors. Treasury identifies, evaluates and hedges financial risks in close co-operation with the Company’s operating units.
The board provides written principles for overall risk management, as well as policies covering specific areas, such as foreign
exchange risk, interest rate risk, credit risk and investment of excess liquidity.

Risk management is carried out under policies approved by the Board of Directors which provides principles for overall risk
management.

(A) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company's receivables from customers and deposits and investments
in the financial institutions. The carrying amounts of financial assets represent the maximum credit risk exposure.

A default on a financial asset is when the counterparty fails to make contractual payments as per agreed terms. This definition
of default is determined by considering the business environment in which entity operates and other macro-economic
factors.

Assets are written off when there is no reasonable expectation of recovery. The Company writes off debtors when they fail
to make contractual payment greater than 5 years past due.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant
increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase
in credit risk the Company compares the risk of a default occurring on the asset as at the reporting date with the risk of
default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information.

For banks and financial institutions, risk is managed by accepting only independently rated parties with a minimum rating
of ‘A’.

The Company’s investments in debt instruments are considered to be low risk investments. The credit ratings of the
investments are monitored for credit deterioration.

Note 30: Financial risk management (Contd.)

Trade and other receivables

Credit risk refers to the risk of default on its obligation by the counter party resulting in financial loss. The maximum exposure
to the credit risk at the reporting date is primarily from trade receivable amounting to ' 10,542.99, ' 10,201.17 as at March
31, 2025, March 31, 2024 , respectively. The Company’s exposure to credit risk is influenced mainly by the individual
characteristics of each customer. The management also considers the factors that may influence the credit risk of its customer
base, including the default risk of the industry and country in which customers operate. The Company has a credit risk
management policy in place to limit credit losses due to non-performance of financial counterparties and customers. The
Company monitors its exposure to credit risk on an ongoing basis at various levels. Outstanding customer receivables are
regularly monitored. The Company closely monitors the acceptable financial counterparty credit ratings and credit limits
and revise where required in line with the market circumstances.

Due to the geographical spread and the diversity of the Company's customers, the Company is not subject to any significant
concentration of credit risks at Balance Sheet date.

On account of adoption of Ind AS 109, the Company uses a simplified approach (lifetime expected credit loss model) for
the purpose of computation of expected credit loss for trade receivables.

The Company calculates expected credit loss on its trade receivables using 'allowance matrix'.

Significant estimates: The impairment provisions for financial assets disclosed above are based on assumptions about risk
of default and expected loss rates. The Company uses judgment in making these assumptions and selecting the inputs to the
impairment calculation, based on the Company’s past history, existing market conditions as well as forward looking estimates
at the end of each reporting period. For trade receivables only, the Company applies the simplified approach permitted by
Ind AS 109, “Financial Instruments”, which requires expected lifetime losses to be recognised from initial recognition of the
receivables.

Management judgment is required for assessing the recoverability of trade receivables and the valuation of the allowances
for impairment of trade receivables. The Company makes impairment allowance for trade receivables based on an
assessment of the recoverability of trade receivables. Allowances are applied to trade receivables where events or changes
in circumstances indicate that the balances may not be collectible. The impairment allowance is estimated by management
based on historical experience and current economic environment, The Company assesses the expected credit losses by
calibrating historical experience with forward-looking estimates. This may include information regarding the industry in which
debtors are operating, historical and post year-end payment records, as well as creditworthiness of debtors.

Note 37:Summary of other accounting policies
Summary of significant accounting policies

This note provides a list of the significant accounting policies
adopted in the preparation of these standalone financial
statements. These policies have been consistently applied to
all the years presented, unless otherwise stated. ”

(a) Rounding of amounts

All amounts disclosed in the standalone financial
statements and notes have been rounded offto the nearest
lakhs upto two decimal places as per the requirement of
Schedule III, unless otherwise stated.

(b) Segment reporting

Operating segments are reported in a manner consistent
with the internal reporting provided to the chief operating
decision maker(CODM). The board of directors assesses
the financial performance and position of the Company
and makes strategic decisions and has been identified as
CODM. Refer Note 32 to the financial statements.

(c) Foreign currency translation

(i) Functional and presentation currency

Items included in the standalone financial statements
are measured using the currency of the primary
economic environment in which the entity operates
(‘the functional currency’). The standalone financial
statements are presented in Indian rupee ('),
which is Jagran Prakashan Limited’s functional and
presentation currency.

(ii) Transactions and balances

Foreign currency transactions are translated into
the functional currency using the exchange rates
at the dates of the transactions. Foreign exchange
gains and losses resulting from the settlement
of such transactions and from the translation
of monetary assets and liabilities denominated
in foreign currencies at year end exchange
rates are generally recognized in profit or loss.
Foreign exchange gains and losses are presented in
the statement of profit and loss on a net basis within
other gains/(losses)-net.”

d) Business combinations

The acquisition method of accounting is used to account
for all business combinations, regardless of whether
equity instruments or other assets are acquired. The
consideration transferred for the acquisition of a business
comprises the

• fair values of the assets transferred

• liabilities incurred to the former owners of the
acquired business

• equity interests, if any

• fair value of any asset or liability resulting from a
contingent consideration arrangement.

Identifiable assets acquired and liabilities and contingent
liabilities assumed in a business combination are, with
limited exceptions, measured initially at their fair values
at the acquisition date. The Company recognises any
non-controlling interest in the acquired entity on an

acquisition-by-acquisition basis either at fair value or at
the non-controlling interest’s proportionate share of the
acquired entity’s net identifiable assets.

Acquisition-related costs are expensed as incurred.

The excess of the:

• consideration transferred

• amount of any non-controlling interest in the acquired
entity

• acquisition-date fair value of any previous equity
interest in the acquired entity

over the fair value of the net identifiable assets acquired is
recorded as goodwill. If those amounts are less than the fair
value of the net identifiable assets of the business acquired,
the difference is recognised in other comprehensive
income and accumulated in equity as capital reserve
provided there is clear evidence of the underlying reasons
for classifying the business combination as a bargain
purchase. In other cases, the bargain purchase gain is
recognised directly in equity as capital reserve.

Where settlement of any part of cash consideration is
deferred, the amounts payable in the future are discounted
to their present value as at the date of exchange. The
discount rate used is the entity’s incremental borrowing
rate, being the rate at which a similar borrowing could be
obtained from an independent financier under comparable
terms and conditions.

Contingent consideration is classified either as equity or a
financial liability. Amounts classified as a financial liability
are subsequently remeasured to fair value with changes
in fair value recognised in profit or loss.

If the business combination is achieved in stages, the
acquisition date carrying value of the acquirer’s previously
held equity interest in the acquiree is remeasured to fair
value at the acquisition date. Any gains or losses arising
from such remeasurement are recognised in profit or loss
or other comprehensive income, as appropriate.

(e) Provisions

Provisions for legal claims, volume discounts and returns
are recognized when the Company has a present legal
or constructive obligation as a result of past events, it is
probable that an outflow of resources will be required

to settle the obligation and the amount can be reliably
estimated. Provisions are not recognized for future
operating losses.

Where there are a number of similar obligations, the
likelihood that an outflow will be required in settlement
is determined by considering the class of obligations as
a whole. A provision is recognized even if the likelihood
of an outflow with respect to any one item included in the
same class of obligations may be small.

Provisions are measured at the present value of
management’s best estimate of the expenditure required
to settle the present obligation at the end of the reporting
period. The discount rate used to determine the present
value is a pre-tax rate that reflects current market
assessments of the time value of money and the risks
specific to the liability. The increase in the provision due
to the passage of time is recognized as interest expense.

(f) Offsetting financial instruments

Financial assets and liabilities are offset and the net
amount is reported in the balance sheet where there is a
legally enforceable right to offset the recognized amounts
and there is an intention to settle on a net basis or realise
the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events
and must be enforceable in the normal course of business
and in the event of default, insolvency or bankruptcy of
the Company or the counterparty.

(g) Dividends

Provision is made for the amount of any dividend
declared, being appropriately authorised and no longer
at the discretion of the entity, on or before the end of
the reporting period but not distributed at the end of the
reporting period.

(h) Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the Company

• by the weighted average number of equity
shares outstanding during the financial year.

The Company does not have any dilutive potential equity
shares.

Note 38: The financial statements were approved for issue by the Board of Directors on May 24, 2025.

Price Waterhouse Chartered Accountants LLP For and on behalf of the Board of Directors

(Firm's Registration Number: 012754N/N500016) Jagran Prakashan Limited

Rahul Chattopadhyay Mahendra Mohan Gupta Sunil Gupta

Partner Non-Executive Chairman and Director Whole Time Director

(Membership Number: 096367) DIN No:00020451 DIN No:00317228

Amit Jaiswal

Chief Financial Officer and
Company Secretary
Membership Number: F5863

Place: Kanpur Place: Kanpur

Date: May 24, 2025 Date: May 24, 2025