Outcome of the Board Meeting dated on 18th May 2026
JKPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JK Paper Ltd's Board approved audited financial results for Q4 and full year ended March 31, 2026. The company achieved higher volumes and improved operational efficiencies. However, net profit was adversely impacted by sharp depreciation of Indian Rupee against Euro during FY 2025-26. The Board recommended a dividend of Rs. 4 per share (40%) totaling Rs. 72.53 crore, subject to shareholder approval at the AGM. An exceptional item of Rs. 13.60 crore (standalone) was recorded due to new Labour Codes notified by Government of India effective November 2025. The Composite Scheme of Arrangement approved by NCLT became effective March 15, 2026, resulting in issuance of 1.19 crore equity shares and making The Sirpur Paper Mills Ltd a wholly-owned subsidiary. Previous period figures have been restated to reflect this scheme impact. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
The restatement of previous periods and exceptional labour code charges indicate one-time adjustments rather than operational deterioration. The 400% dividend payout demonstrates management confidence. The new labour code provision and rupee depreciation are headwinds but appear one-time in nature. Expansion into BCTMP production from Q1 FY27 could drive future growth.