JK Paper Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended 31st March 2026. The Board recommended a final dividend of ₹4.00 per equity share (40%) on 18,13,18,771 equity shares of ₹10 each for FY26, amounting to ₹72.53 Crore, subject to shareholder approval. The company achieved its highest ever Paper and Board sale of 8.19 Lac MT during FY 2025-26. The auditors' reports carry an unmodified opinion on both standalone and consolidated financial results.

Standalone Financial Performance

On a standalone basis, JK Paper reported a net profit of ₹82.56 Crore for Q4 FY26, compared to ₹73.98 Crore in the corresponding quarter of the previous year. For the full year FY26, standalone net profit stood at ₹241.02 Crore, a decrease from ₹369.89 Crore in the restated FY25. Revenue from operations (net) for FY26 was ₹6,631.70 Crore versus ₹6,609.44 Crore in the restated prior year. The company noted that higher volumes and improved operational efficiencies contributed to better performance in Q4 FY26, while the sharp depreciation of the Indian Rupee against the Euro adversely impacted net profit for the year.

Consolidated Financial Performance

On a consolidated basis, JK Paper recorded Q4 turnover of ₹2,111.54 Crore, with EBITDA of ₹279.07 Crore and Profit after Tax (PAT) attributable to owners of ₹91.98 Crore. For the full year FY26, consolidated turnover stood at ₹7,568.93 Crore, up 7%, with EBITDA of ₹984.11 Crore and PAT of ₹265.84 Crore, compared to ₹408.79 Crore in the restated FY25. Consolidated revenue from operations (net) for FY26 was ₹7,076.03 Crore versus ₹6,662.49 Crore in the restated prior year. Consolidated total assets as at 31st March 2026 stood at ₹10,538.25 Crore. The consolidated assessed incremental impact towards retiral obligations under the New Labour Codes is ₹16.30 Crore for the year ended 31st March 2026, disclosed as an Exceptional Item.

Key Corporate Developments

Several significant developments marked the year. The Composite Scheme of Arrangement sanctioned by the NCLT became effective from 15th March 2026, pursuant to which the company issued and allotted 1,19,16,427 equity shares on 20th March 2026. Consequently, The Sirpur Paper Mills Ltd has become a Wholly Owned Subsidiary of JK Paper Ltd., and three packaging conversion companies have been amalgamated. The commissioning of the Hardwood Bleach Chemical Thermo-Mechanical Pulp (BCTMP) Plant at Unit CPM, Gujarat, is at an advanced stage, with commercial production expected from the first quarter of FY 2026-27. On a standalone basis, the company assessed an incremental impact of ₹13.60 Crore towards retiral obligations due to New Labour Codes, disclosed as an Exceptional Item.

JK Paper Limited 's board has approved and recommended the re-appointment of two key directors for shareholder approval at its upcoming Annual General Meeting. The decisions were taken during a board meeting held on May 18, 2026, which commenced at 2:15 PM and concluded at 5:45 PM, following the recommendations of the company's Nomination and Remuneration Committee.

The board has proposed the re-appointment of Shri Harshavardhan Neotia as an Independent Director for a second term. His tenure is scheduled for five consecutive years, commencing on July 29, 2027, and concluding on July 28, 2032. His current tenure as Independent Director is set to expire on July 28, 2027. Neotia has confirmed that he meets the criteria for independence under Section 149 of the Companies Act, 2013, and Regulation 16 of the SEBI Listing Regulations.

Additionally, the company has recommended the re-appointment of Shri Harsh Pati Singhania as Chairman & Managing Director for a further period of five years, effective from January 1, 2027, until December 31, 2031. Both directors have confirmed they are not related to any other directors on the board and are not debarred from holding office by any regulatory authority.

Re-appointment Details

The following table summarises the proposed terms for both directors pending shareholder approval at the forthcoming AGM:

Director Profiles

Shri Harshavardhan Neotia

Shri Harshavardhan Neotia is a Padma Shri recipient and the Chairman of the Ambuja Neotia Group, which operates across real estate, hospitality, healthcare, and education. He has formerly served on the boards of IIM Kolkata and IIT Kharagpur, and as a member of The Court of Jawaharlal Nehru University. He is the Chairman of Anant Centre in New Delhi, focusing on leadership, education, and international relations, and heads Jnana Pravaha, a Centre for Cultural Studies and Research in Varanasi. He is also one of the Trustees of Shree Somnath Trust, which manages and maintains the Somnath Temple in Gujarat. Neotia is an active member and past President of both FICCI and AIMA, serves as Chairperson of the National Institute of Technology Mizoram, and is a Council Member of the National Culture Fund, Government of India. He additionally serves as a Director on the Board of Invest India and as Chairman of the CII-Suresh Neotia Centre of Excellence for Leadership.

Shri Harsh Pati Singhania

Shri Harsh Pati Singhania holds an MBA from the University of Massachusetts and is an alumnus of Harvard Business School. He belongs to the J.K. Organisation, one of India's largest industrial groups operating across businesses including paper, cement, tyres, auto engineering, hybrid seeds, dairy/food, defence, and textiles, with a turnover of around USD 6.0 billion. He has served as Chairman & Managing Director of JK Paper Ltd. for over two decades, spearheading multifold growth, diversification, and multiple acquisitions. Singhania is a past President of FICCI and IPMA, and has served as Chairman of the Council for Pulp and Paper. He currently serves as First Vice-Chair and Member of the Executive Board of the International Chamber of Commerce (ICC), Paris, which is the apex body for all Chambers of Commerce globally. He also serves on the Board of Governors of International Management Institute (IMI), the Board of Management of JK Lakshmipat University (JKLU), and Pushpawati Singhania Hospital & Research Institute (PSRI).