JK Paper Limited has informed the Exchange about Action(s) taken or orders passed
JKPAPER · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 1.1 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JK Paper Limited has received orders dated 2nd July 2025 from the Chief Controlling of Revenue Authority, Gujarat, confirming recovery of a deficit stamp duty of Rs. 3,08,76,900 and an equal amount as penalty. This is in continuation of earlier communications from February 2024 regarding the same matter. The company has stated that the aggregate penalty of Rs. 3.09 crore under both orders will not have a material impact on its financials or operations. JK Paper plans to file a writ petition before the Gujarat High Court to challenge these orders.
The financial impact is stated as nil by the company, and the penalty amount of around Rs. 3.09 crore is relatively small compared to JK Paper's overall size. Shareholders should monitor the High Court outcome, but near-term stock impact is likely limited.