JK Paper shareholders approved a final dividend of ₹4 per equity share for FY26 and re-appointed key board members at its 65th annual general meeting held on September 2, 2026. While promoter voting was unanimous across all resolutions, the re-appointment of Chairman & Managing Director Harsh Pati Singhania faced notable opposition from institutional investors.

The meeting was conducted via remote e-voting and physical ballots at the company’s registered office in Gujarat. Harsh Pati Singhania presided over the proceedings. A total of 136,866,892 votes were polled out of 181,318,771 outstanding shares, representing a 75.48% turnout.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the AGM. Key outcomes include:

Auditor Appointments

The company ratified the remuneration for cost auditors R.J. Goel & Co. for FY27. Additionally, shareholders appointed Ronak Jhuthawat & Co. (Firm Registration No. P2025RJ104300) as secretarial auditors for a five-year term. This appointment covers the period from FY27 to FY31, concluding with the 70th AGM.

Voting Breakdown and Institutional Dissent

Promoter and Promoter Group shareholders voted in favor of all resolutions with 100% support. However, public institutional investors showed significant dissent on specific governance matters.

For the re-appointment of Harsh Pati Singhania as CMD (Resolution No. 6), institutional investors voted against the resolution by 70.55%, while non-institutional public shareholders supported it by 99.98%. The overall vote in favor was 85.60%, driven entirely by promoter backing.

Similarly, for the re-appointment of Vinita Singhania (Resolution No. 3), institutional investors voted against by 27.59%, though the resolution passed with an overall 94.37% support due to promoter votes. Harshavardhan Neotia's re-appointment saw 23.94% institutional opposition, passing with 95.11% overall support.

Governance Updates

Voting was conducted via remote e-voting and physical ballots. The scrutinizer’s report, issued by Dr. CS Ronak Jhuthawat, confirms that all resolutions were passed with the requisite majority. The report will be filed with stock exchanges and published on the company website and CDSL portal within the stipulated timeframe.

JK Paper Limited has submitted a revised Annual Report for the financial year 2025-26 to BSE Limited and the National Stock Exchange of India Ltd, following the identification of alignment errors in the version originally filed on 6th August 2026. The revised filing was made on 12th August 2026 under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested both exchanges to take the revised version on record and disregard the earlier submission. All other information in the Annual Report for FY 2025-26 remains unchanged except for the said alignment corrections. The revised Annual Report is also available on the company's website at www.jkpaper.com .

Reason for Revised Filing

In a communication signed by A.S. Mehta, President & Director, the company stated that some alignment errors were identified in the Annual Report submitted on 6th August 2026, along with the Notice for the 65th Annual General Meeting (AGM). The revised report corrects only these formatting issues, with no changes to any financial data, disclosures, or other substantive content.

65th Annual General Meeting Details

The 65th AGM of JK Paper Limited is scheduled to be held on Wednesday, 2nd September 2026 at 12:30 P.M. IST at the Registered Office of the Company at P.O. Central Pulp Mills - 394660, Fort Songadh, Distt. Tapi, Gujarat. The Register of Members and Share Transfer Books will remain closed from Thursday, 20th August 2026 to Wednesday, 2nd September 2026 (both days inclusive).

The AGM agenda includes the following key items:

• Adoption of audited standalone and consolidated financial statements for the financial year ended 31st March 2026
• Declaration of dividend of ₹4 per equity share for FY 2025-26
• Re-appointment of Smt. Vinita Singhania as Director
• Ratification of remuneration of M/s R.J. Goel & Co. as Cost Auditors for FY 2026-27 at ₹1,25,000/- (excluding GST)
• Appointment of M/s Ronak Jhuthawat & Co. as Secretarial Auditors for five consecutive years from the conclusion of the 65th AGM till the conclusion of the 70th AGM at ₹75,000/- per annum for the first year (excluding GST)
• Re-appointment of Shri Harsh Pati Singhania as Chairman & Managing Director for five years with effect from 1st January 2027
• Re-appointment of Shri Harshavardhan Neotia as Independent Director for a second term of five consecutive years from 29th July 2027 till 28th July 2032
• Appointment of Shri Amit Dalal as Independent Director for five consecutive years from 27th July 2026 till 26th July 2031

Key Financial Highlights for FY 2025-26

The following table summarises the key financial results for FY 2025-26 as reported in the Annual Report:

Figures of FY 2025-26 and FY 2024-25 are given after taking effect of Scheme of Arrangement.

Dividend and Capital Structure

The Board has recommended a dividend of ₹4 per equity share (40%) for the financial year ended 31st March 2026, subject to approval of Members at the forthcoming AGM. The dividend outgo will be ₹72.53 crore. The dividend will be directly credited to the bank accounts of Members within four weeks of the conclusion of the AGM, after deduction of tax as per the provisions of the Income-tax Act, 2025.

During the year under review, the Paid-up Equity Share Capital increased from ₹169.40 crore to ₹181.32 crore as a result of the allotment of equity shares pursuant to the Composite Scheme of Arrangement. As on 31st March 2026, the Authorised Share Capital stands revised to ₹1,226.47 crore.

Operational and Strategic Highlights

The company achieved its highest-ever paper and board sales volume of 8.19 lac tons in FY 2025-26. Key operational and strategic developments during the year included:

• BCTMP Plant: The Company's Hardwood Bleached Chemi-Thermo-Mechanical Pulp (BCTMP) Plant commenced commercial production on 30th June 2026, making the company fully self-sufficient in Hardwood BCTMP.
• Composite Scheme of Arrangement: The Scheme was sanctioned by the Hon'ble NCLT, Ahmedabad Bench vide its Order dated 3rd February 2026 and became effective from 15th March 2026.
• Acquisition of Borkar Packaging Private Limited: The Company acquired 65.65% equity shares of BPPL, which subsequently increased to 71.96%, making BPPL a subsidiary with effect from 28th October 2025.
• Plantation: During FY 2025-26, the Company distributed more than 11.94 crore saplings, covering over 90,239 acres of plantation.
• Credit Rating: CRISIL reaffirmed Long Term Rating at CRISIL AA/Stable, Short Term Rating at CRISIL A1+, and Fixed Deposit Rating at CRISIL AA/Stable.

E-Voting and AGM Procedure

The remote e-voting period for the 65th AGM begins on Sunday, 30th August 2026 at 10:00 A.M. and ends on Tuesday, 1st September 2026 at 5:00 P.M. The cut-off date for determining voting rights is Wednesday, 26th August 2026. E-voting services are provided by Central Depository Services (India) Limited (CDSL).