JK Paper Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 01, 2025
JKPAPER · price
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JK Paper Limited has called its 64th AGM on Monday, September 1, 2025 at 12:30 PM IST at its registered office in Fort Songadh, Gujarat. Shareholders will consider adopting the audited FY25 financial statements and declaring a dividend of Rs. 5 per share (50%) on 16.94 crore equity shares of Rs. 10 each, with August 18, 2025 set as the record date. The notice seeks approval to re-appoint Director A.S. Mehta (retiring by rotation) and Independent Director Anoop Seth for a second 5-year term (Sept 2025 to Sept 2030). It also proposes appointing Namo Narain Agarwal as Secretarial Auditor for five years (FY26 to FY30) and ratifying cost auditor R.J. Goel & Co.'s fee of Rs. 1.25 lakh for FY26. Notably, the company is seeking shareholder consent to raise its borrowing limit under Section 180(1)(c) from Rs. 3,500 crore to Rs. 5,000 crore, with current outstanding debt of Rs. 1,401 crore against total sanctioned limits of about Rs. 2,439 crore. E-voting will be open from August 29 to August 31, 2025, with the cut-off date of August 25, 2025.
The Rs. 5/share dividend continues the company's shareholder payout, while the proposed jump in borrowing ceiling from Rs. 3,500 crore to Rs. 5,000 crore signals room for future expansion, capex, or acquisitions. Director re-appointments ensure board continuity, and no negative corporate action is proposed.