JK Paper Ltd has closed its trading window for dealing in equity shares starting October 1, 2026. The closure will remain in effect until 48 hours after the company declares its unaudited financial results for the quarter and half year ending September 30, 2026.

This action is taken pursuant to the company's Code of Conduct to regulate, monitor, and report trading by designated persons. It complies with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Scope of the Trading Ban

The restriction applies to designated persons and their immediate relatives. These individuals are prohibited from dealing in the equity shares of the company during the specified period. The filing was submitted to both BSE Limited and the National Stock Exchange of India Ltd on September 25, 2026.

Compliance Details

The notice was signed by Arvind Kumar, Company Secretary and Compliance Officer. The digital signature was recorded on September 25, 2026, at 3:38 pm. The company continues to adhere to regulatory norms regarding pre-declaration trading restrictions.

JK Paper has received a Goods and Services Tax (GST) demand of ₹2.54 crore from the Assistant Commissioner of C.G.S.T., Tapi, Gujarat. The order, dated September 21, 2026, covers the period from FY21 to FY23 and relates to alleged excess claims of Input Tax Credit.

The total demand comprises ₹1.27 crore towards tax and an equal amount of ₹1.27 crore towards penalty, along with applicable interest. The company stated that the demand is unjustified and legally untenable under the provisions of the GST Acts.

Regulatory Disclosure and Appeal Plan

In a filing with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, JK Paper confirmed the receipt of the order. The company has indicated its intention to file an appeal before the Commissioner (Appeals) against the aforesaid orders.

The disclosure highlights that the event occurred at 6:43 pm on September 21, 2026. The company maintains that the action taken by the tax authority does not align with legal standards, warranting a formal challenge through appellate channels.

Breakdown of GST Demand

The following table details the components of the demand raised for the specified fiscal years:

Note: Applicable interest is additional to the amounts listed above.

What the Numbers Show

The penalty component constitutes exactly 50% of the total aggregate demand excluding interest, mirroring the tax amount claimed. This symmetry suggests the authority has levied a standard penalty equivalent to the disputed tax value for the alleged excess Input Tax Credit claims across the three-year period.