JK Paper Limited has submitted the Exchange a copy Srutinizers report of Court Convened Meeting held on November 02, 2025
JKPAPER · price
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Awaiting price reaction for this filing.
JK Paper Limited held an NCLT-ordered meeting of equity shareholders on November 2, 2025, to approve a Composite Scheme of Arrangement. The scheme involves amalgamating three packaging companies (JKPL Utility Packaging Solutions, Securipax Packaging, and Horizon Packs) into JK Paper, demerging a part of Enviro Tech Ventures into PSV Agro Products, and amalgamating Enviro Tech Ventures into JK Paper. Shareholders approved the resolution with overwhelming support: 99.66% in favour (12.31 crore shares) and just 0.34% against (4.14 lakh shares), with 72.95% of outstanding shares voting. Promoters, public institutions, and public non-institutions all backed the scheme, with non-institutional public shareholders approving it 96.89% in favour. The Scrutinizer confirmed the resolution was passed with the requisite majority.
Shareholders have cleared the composite restructuring plan, which consolidates multiple group entities into JK Paper and restructures Enviro Tech Ventures. The scheme now moves to NCLT for final sanction — positive for long-term consolidation, though the specific swap ratio or share issuance details are not disclosed in this filing.