JK Paper Limited has informed the Exchange regarding 'Annual Report 2024-25'.
JKPAPER · price
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JK Paper Limited has filed its Annual Report for FY 2024-25 along with the notice for its 64th Annual General Meeting scheduled for 1st September 2025 at the registered office in Gujarat. Key items on the AGM agenda include adoption of audited financial statements, declaration of a dividend of Rs. 5 per share (50%) on 16.94 crore equity shares, re-appointment of Director A.S. Mehta (retiring by rotation), re-appointment of Independent Director Anoop Seth for a second five-year term, appointment of a new Secretarial Auditor for FY 2025-26 to FY 2029-30, and ratification of Cost Auditor remuneration. The company is also seeking shareholder approval to raise its borrowing limit from Rs. 3,500 crore to Rs. 5,000 crore under Section 180(1)(c) and to correspondingly authorise creation of mortgage/charges up to the same limit, to fund organic and inorganic growth opportunities and expansion projects. Current sanctioned borrowing limits stand at approximately Rs. 2,439 crore with Rs. 1,401 crore outstanding.
Routine procedural filing combined with the annual report. The Rs. 5 per share dividend is a positive cash return for shareholders. The proposed increase in authorised borrowing limit signals the company's intent to pursue expansion or acquisitions, which may lead to higher debt levels and interest costs in the future.