JK Paper has filed its Business Responsibility and Sustainability Report for the financial year 2025-26 with the Bombay Stock Exchange and National Stock Exchange of India Ltd. The submission, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s performance across environmental, social, and governance parameters. The report reveals a turnover of ₹7037.19 crore and a net worth of ₹4975.48 crore for FY25-26, providing stakeholders with a comprehensive view of the company’s sustainability initiatives and compliance status.

The filing was signed by A.S. Mehta, President & Director, on August 6, 2026. It serves as part of the company’s Annual Report 2025-26 and details adherence to the National Guidelines on Responsible Business Conduct (NGRBC). The report covers nine principles, ranging from ethical business conduct to consumer engagement, with specific disclosures on material risks, opportunities, and financial implications related to sustainability.

Environmental Performance

JK Paper reported significant environmental metrics in its latest filing. The company generated 121,750.09 metric tonnes of total waste in FY25-26, comprising plastic, e-waste, hazardous, and non-hazardous categories. Of this, 128,164.24 metric tonnes were recovered through recycling, reusing, or other recovery operations. The company achieved its targets under the Performance, Achieve and Trade (PAT) Scheme at its designated consumer units in Jaykaypur, Odisha, and Songadh, Gujarat.

Water management remains a critical focus area. Total water discharged by JK Paper stood at 16,748,678 kilolitres in FY25-26, with 9,072,892 kilolitres released to surface water after treatment. The company confirmed it does not have operations in ecologically sensitive areas such as national parks or wildlife sanctuaries. Additionally, JK Paper disclosed that it has not implemented a Zero Liquid Discharge mechanism but adheres to applicable environmental laws including the Water and Air (Prevention and Control of Pollution) Acts.

Social and Governance Metrics

On the social front, the company reported a total workforce turnover rate of 12.6% for permanent employees in FY25-26, up from 9.3% in the previous year. Female representation on the Board of Directors stands at 20%, with two female directors out of ten total members. The company emphasized its commitment to employee well-being, with 100% of permanent employees covered under health insurance and accident insurance schemes.

Governance structures include a Corporate Social Responsibility & Sustainability Committee that reviews sustainability matters periodically. The company reported receiving 938 shareholder complaints in FY25-26, of which 897 remained pending resolution at the close of the year. No complaints were filed regarding conflict of interest among directors or key managerial personnel. The company also confirmed that no disciplinary action was taken against any director or employee for bribery or corruption charges during the period.

What the Numbers Show

The data highlights a robust framework for stakeholder engagement and environmental compliance. With 57% of inputs sourced sustainably and significant investments in waste recovery, JK Paper demonstrates progress in circular economy practices. The increase in employee turnover rate warrants attention, though the company maintains high coverage for health and safety benefits. The substantial number of pending shareholder complaints suggests an active investor base requiring efficient grievance redressal mechanisms.

JK Paper Limited has designated August 26, 2026, as the official cut-off date for identifying shareholders eligible to vote electronically at its 65th Annual General Meeting (AGM). Scheduled for September 2, 2026, the meeting will see shareholders ratify a ₹4 per share dividend for FY26 and renew key board positions, including that of Chairman & Managing Director Harsh Pati Singhania. This procedural update clarifies the timeline for exercising voting rights, ensuring shareholders are aware of the deadline to hold shares for e-voting eligibility before the broader voting window opens.

The e-voting process, facilitated by Central Depository Services (India) Limited (CDSL), will run from Sunday, August 30, 2026, at 10:00 A.M., until Tuesday, September 1, 2026, at 5:00 P.M. Shareholders holding equity shares in either physical or dematerialized form on the cut-off date of August 26, 2026, will be entitled to cast their votes. This mechanism complies with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Those unable to vote electronically may still participate via ballot or polling paper during the physical meeting at the company’s registered office in Fort Songadh, Gujarat.

Key Agenda Items for Approval

The primary focus of the AGM remains the financial recommendations and governance renewals proposed by the Board. The declaration of a ₹4 dividend per equity share of ₹10 face value represents a significant return to shareholders, contingent upon approval. If ratified, the dividend will be credited to bank accounts within four weeks, subject to tax deductions under the Income-tax Act, 2025. Eligibility is determined by the record date of August 19, 2026, with the Register of Members closing from August 20 through September 2, 2026.

In addition to the dividend, shareholders will approve several critical appointments:

• Harsh Pati Singhania: Re-appointment as Chairman & Managing Director for five years, effective January 1, 2027, with a monthly salary range of ₹90 lakh to ₹140 lakh plus incentives.
• Vinita Singhania: Re-appointment as Non-Executive Director, continuing her role beyond attaining age 75 in 2027.
• Harshavardhan Neotia: Re-appointment as Independent Director for a second five-year term, effective July 29, 2027.
• Amit Dalal: Appointment as Independent Director for a five-year term, effective July 27, 2026.

Shareholders will also ratify the remuneration of M/s R.J. Goel & Co. as Cost Auditors for FY27 at ₹1,25,000 (excluding GST) and appoint M/s Ronak Jhuthawat & Co. as Secretarial Auditors for five years, with first-year fees of ₹75,000 (excluding GST).

Financial Performance Context

The AGM coincides with the adoption of audited standalone and consolidated financial statements for FY26. The company reported robust performance, driven by operational efficiencies and strategic capacity expansions. Revenue from operations stood at ₹7,124.60 crore, while EBITDA reached ₹828.76 crore. Profit after tax (PAT) was recorded at ₹241.02 crore. These results reflect the benefits of achieving 100% self-sufficiency in Hardwood BCTMP following the commercial production start at its new pulp plant on June 30, 2026.

What the Numbers Show

The declared dividend of ₹4 per share translates to a payout ratio of approximately 40% against the reported PAT of ₹241.02 crore. This moderate payout strategy suggests management’s intent to retain capital for ongoing operational investments, such as the recently commissioned pulp plant, while still providing tangible returns to shareholders. The strong EBITDA margin, derived from the ₹828.76 crore operating profit against ₹7,124.60 crore revenue, underscores improved cost efficiency and self-sufficiency in raw materials, positioning the company favorably amidst industry dynamics.

Shareholders are advised to ensure their KYC details, including PAN and bank account information, are updated by August 26, 2026, to facilitate seamless electronic dividend payments. Physical shareholders must submit Form ISR-1, ISR-2, and SH-13 to MCS Share Transfer Agent Ltd. Remote e-voting is accessible via CDSL/NSDL platforms for demat holders and through www.evotingindia.com for physical shareholders.