JK Paper Limited has informed the Exchange regarding Notice of Court Covened General Meeting to be held on November 02, 2025
JKPAPER · price
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JK Paper Limited has notified the stock exchanges about court-convened meetings scheduled for 2 November 2025 to seek approval for a Composite Scheme of Arrangement. The equity shareholders' meeting is at 2:00 PM, followed by meetings of secured creditors, NCD holders and unsecured creditors at 4:00 PM and 4:30 PM, all held via video conferencing. The scheme involves amalgamation of three packaging subsidiaries — JKPL Utility Packaging Solutions, Securipax Packaging and Horizon Packs — into JK Paper Limited, along with the demerger of a part of Enviro Tech Ventures into PSV Agro Products, and the subsequent amalgamation of Enviro Tech Ventures into JK Paper. It also includes the conversion of Enviro Tech's redeemable preference shares into an unsecured loan and a re-organisation of JK Paper's reserves. The NCLT Ahmedabad Bench issued its order on 8 September 2025 directing these meetings, and the scheme has already received observation letters from BSE and NSE dated 4 August 2025. Remote e-voting will run from 30 October to 1 November 2025, with the cut-off date for eligibility set at 26 October 2025.
If approved by shareholders and creditors and sanctioned by NCLT, the scheme will consolidate JK Paper's packaging businesses and Enviro Tech under one listed entity, simplifying the group structure. Shareholders should review the scheme documents carefully and exercise their e-voting rights before 1 November 2025, as the outcome could affect the consolidated financials and shareholding pattern of the company.