JK Paper Limited, a leading player in the Indian paper industry, has successfully completed the acquisition of an additional 20% stake in Radhesham Wellpack Private Limited (RWPL), bringing its total shareholding to 80%. This strategic move strengthens JK Paper's position in the packaging business and marks a significant expansion of its portfolio.

Acquisition Details

The company disclosed in a regulatory filing that it has acquired 25,000 equity shares of Radhesham Wellpack, each with a face value of Rs. 100.00. The transaction, valued at Rs. 32.55 crore, was completed on September 26, 2025, in accordance with the conditions stipulated in the Share Purchase and Shareholders' Agreement (SPSHA) dated December 13, 2024.

Strategic Implications

This acquisition represents JK Paper's increased investment in the packaging sector, a move that could potentially diversify its revenue streams and strengthen its market position. By gaining a controlling stake in Radhesham Wellpack, JK Paper is poised to leverage synergies between its paper production capabilities and RWPL's packaging expertise.

Background

JK Paper had previously held a 60% stake in Radhesham Wellpack. The latest transaction increases its ownership to 80% of the total paid-up share capital, signaling the company's confidence in RWPL's growth prospects and its commitment to expanding its presence in the packaging industry.

Market Impact

While the immediate market reaction to this news remains to be seen, the strategic acquisition could potentially enhance JK Paper's competitive edge in the evolving paper and packaging market. Investors and industry observers will likely be watching closely to see how this increased stake translates into operational synergies and financial performance in the coming quarters.

JK Paper Limited continues to demonstrate its commitment to growth and diversification through strategic investments in complementary businesses.

As the packaging industry continues to grow, driven by e-commerce and changing consumer preferences, JK Paper's increased stake in Radhesham Wellpack positions the company to capitalize on these emerging opportunities in the packaging sector.

JK Paper , a prominent player in the Indian paper industry, has made significant announcements regarding its upcoming 64th Annual General Meeting (AGM), dividend payout, and a proposed Composite Scheme of Arrangement.

No Adverse Observation Letters

JK Paper Limited has received 'No adverse observation' letters from both BSE and NSE for its proposed Composite Scheme of Arrangement. This scheme involves multiple entities including JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, Horizon Packs Private Limited, Enviro Tech Ventures Limited, and PSV Agro Products Private Limited. The observation letters were issued on August 4, under Regulation 37 of the Listing Regulations.

The NSE's letter outlines several compliance requirements that JK Paper must fulfill, including:

• Disclosure of ongoing legal proceedings
• Ensuring financial information is not more than 6 months old
• Providing detailed information about assets, liabilities, and impact on shareholders

The validity of the observation letter is six months from August 4, within which the scheme must be submitted to the National Company Law Tribunal (NCLT). It's worth noting that the Board of Directors had previously approved this scheme on December 13, subject to regulatory approvals.

AGM and Book Closure Details

JK Paper has scheduled its 64th AGM for September 1. In preparation for this important event, the company has announced a book closure period from August 19 to September 1 (both days inclusive). During this period, the Register of Members and Share Transfer Books of the company will remain closed.

Dividend Announcement

The Board of Directors of JK Paper has recommended a dividend of Rs. 5.00 per equity share, representing a 50% dividend rate on shares with a face value of Rs. 10.00 each. This dividend is subject to shareholder approval at the upcoming AGM.

Key Dates for Shareholders

Shareholders whose names appear on the company's register on August 18 will be eligible for the dividend. The company has stated that the dividend will be paid immediately after the AGM, but no later than four weeks from the date of the meeting.

Dividend Payment Process

For shareholders holding shares in dematerialized form, the dividend will be paid based on the beneficial ownership details received from the depositories. This ensures a smooth and efficient process for dividend distribution.

JK Paper, with its registered office at PO Central Pulp Mills, Fort Songadh, Dist. Tapi, Gujarat, continues to maintain its commitment to shareholder value.

These announcements reflect JK Paper's ongoing efforts to maintain transparency and keep its shareholders informed about important corporate actions. Investors and shareholders are advised to take note of these dates to ensure they don't miss out on important company proceedings and potential benefits.