JK Paper Limited has informed the Exchange regarding allotment of 1,19,16,427 equity shares pursuant to Scheme of Arrangement/Amalgamation at its meeting held on March 20, 2026
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JK Paper Limited has allotted 1,19,16,427 equity shares (face value Rs. 10 each) to eligible shareholders of Enviro Tech Ventures Limited (ETVL) on March 20, 2026, as part of its Composite Scheme of Arrangement. The shares were issued at the share exchange ratio specified in the scheme. This is part of a multi-part scheme that includes the amalgamation of JKPL Utility Packaging Solutions, Securipax Packaging, and Horizon Packs into JK Paper, the demerger of a part of ETVL's business into PSV Agro Products, and the merger of ETVL itself into JK Paper. As a result, JK Paper's paid-up equity share capital has risen from Rs. 169.40 crore (16.94 crore shares) to Rs. 181.32 crore (18.13 crore shares), a dilution of roughly 7%. The new shares will rank equally with existing shares and the company will seek listing/trading approval from BSE and NSE.
This allotment increases JK Paper's share count by about 7%, leading to some dilution for existing shareholders, but it is a planned step tied to the previously approved scheme. The consolidation expands JK Paper's packaging and related businesses and could support long-term growth, though near-term EPS dilution is expected until synergies from the merged entities materialize.