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

JKPAPER · price

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

Price reaction · full curve 14 horizons · vs prior close

+0.7%1-day move

₹321.15

prior close

₹322.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.6+2.6+2.5+3.3+0.7-4.7+2.5+2.8+3.7+7.0+12.1+16.6+21.9+6.2

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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.