The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Accurate Finman Services Ltd & Others

Promoter Stake BuyOwnership Changes 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

+4.0%Reaction day

₹321.15

prior close

₹322.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+2.4%+1.6% vs market

Paper & Paper Products peers, median of 37sector+0.5%+3.5% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 3.5 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

+1.6

10m

+2.6

15m

+2.5

30m

+3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0+2.4+1.6+0.5+3.5

Next day

+0.7-0.5+1.2-3.5+4.2

-4.7-3.4-1.3-6.5+1.8

+2.5+1.1+1.4-0.8+3.3

+2.8+1.8+1.1-0.6+3.4

+3.7+2.8+0.8+1.0+2.7

+7.0+7.5-0.5+5.8+1.1

15d

+12.1+15.7-3.6+14.6-2.5

+16.6+18.0-1.4+15.1+1.5

+21.9+20.9+1.1+13.3+8.6

+6.2+27.6-21.4+10.6-4.5

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 Ltd has allotted 1,19,16,422 equity shares to promoter group entities — 18,66,431 shares to Accurate Finman Services Ltd and 1,00,49,991 shares to J.K. Credit & Finance Ltd — on March 20, 2026. This allotment was carried out under a Scheme of Arrangement approved by the NCLT, Ahmedabad Bench on February 3, 2026 and effective March 15, 2026. As a result, the promoter group's total holding increased from 49.63% to 52.94%, crossing the 50% mark. The total share capital of the company also rose from Rs. 169.40 crore to Rs. 181.32 crore. The disclosure has been filed by Bengal & Assam Company Limited, part of the promoter group, under SEBI Takeover Regulations.

Likely market impact

This is a non-cash, non-market acquisition arising from a court-approved scheme, so there is no cash outflow or market impact. The promoter group consolidating control above 50% may slightly reduce the free float but signals long-term promoter commitment to the company.