JK Paper Limited has accepted the resignation of Pradeep Joshi as Company Secretary and Compliance Officer, effective from the close of business hours on June 26, 2026. The resignation was submitted due to personal reasons, and the company confirmed there are no other material reasons for the departure. This leadership change impacts the firm's corporate governance and compliance functions.

The disclosure was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In his resignation letter, Joshi clarified that there are no material reasons or disputes regarding the company's management or operations that prompted his decision to step down. He also requested that the necessary steps be taken to file the required forms with the Registrar of Companies.

Resignation Details

The following table outlines the key details regarding the resignation:

Joshi expressed his gratitude to the Board and management for the opportunities during his tenure and wished the company continued success. The filing was submitted by A. S. Mehta, President & Director of JK Paper Limited.

JK Paper has increased its ownership stake in Borkar Packaging by acquiring an additional 15.40% share, bringing its total holding in the packaging company to 87.36%. The latest acquisition represents a notable consolidation of JK Paper's position within Borkar Packaging.

Stake Acquisition Details

The key parameters of this ownership change are outlined below:

Strengthening Presence in Borkar Packaging

With this acquisition, JK Paper has meaningfully consolidated its controlling interest in Borkar Packaging. The increase of 15.40% in shareholding elevates the company's total stake to 87.36%, underscoring a deliberate strategy to deepen its foothold in the packaging business. Borkar Packaging operates as part of JK Paper's broader portfolio in the paper and packaging industry.