NCLT sanctions JK Paper composite restructuring scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JKPAPER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹328.50

prior close

₹328.45

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%+1.3% vs market

Paper & Paper Products peers, median of 37sector+2.0%+0.6% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 0.6 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.4

15m

+0.7

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+1.3+1.3+2.0+0.6

Next day

-0.8+0.3-1.1+2.0-2.8

-1.7-0.5-1.2+2.7-4.4

-1.1+2.1-3.2+2.1-3.2

+0.8+3.1-2.3+2.9-2.1

+12.3+2.6+9.8+6.0+6.4

+2.7+0.6+2.1+3.0-0.3

15d

+3.5-1.4+4.9-0.7+4.2

+2.9-6.9+9.8-4.1+7.0

+1.4-7.7+9.1-7.7+9.1

+12.3+7.0+5.3+0.9+11.4

UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JK Paper's composite scheme of arrangement has been sanctioned by NCLT Ahmedabad on 3 Feb 2026. It merges three wholly-owned packaging subsidiaries and Enviro Tech Ventures into JK Paper, while demerging part of Enviro Tech into PSV Agro Products. As transferors are wholly-owned, no new shares are issued. Scheme becomes effective on filing the certified order with the Registrar of Companies.

Likely market impact

Internal group consolidation; no dilution. Streamlines packaging and paper businesses under JK Paper.