JK Paper Limited (NSE: JKPAPER, BSE: 532162) has announced an update to its acquisition timeline for Borkar Packaging Private Limited (BPPL). This development comes as part of the company's ongoing strategic expansion efforts in the packaging sector.

Revised Acquisition Timeline

The company has revised its expectations for the initial phase of the acquisition:

Key Points of the Update

• The acquisition involves purchasing equity shares from existing BPPL shareholders.
• The completion of the deal remains subject to the fulfillment of conditions outlined in the Share Purchase Subscription and Shareholders Agreement (SPSSHA).
• This update follows an earlier intimation dated July 28, 2025, indicating a change in the company's acquisition strategy.

Regulatory Compliance

JK Paper Limited has made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's commitment to transparency is evident through its prompt communication of material updates to stakeholders.

Implications

The revised timeline suggests an acceleration of the acquisition process. However, it's important to note that the deal's completion still hinges on meeting the SPSSHA conditions. This update reflects JK Paper's active management of its expansion plans and its ability to adapt to changing circumstances in the acquisition process.

Investors and market watchers may keep a close eye on further developments, as this acquisition could potentially impact JK Paper's market position in the packaging industry.

As the situation evolves, JK Paper Limited is expected to provide additional updates to ensure full transparency with its shareholders and the market at large.

JK Paper Limited has announced two significant updates regarding its operations and management.

Delay in BCTMP Plant Commissioning

The company has informed that the commissioning of its Hardwood Bleach Chemical Thermo-Mechanical Pulp (BCTMP) Plant has been delayed. Originally expected to commence operations in the second quarter of FY 2025-26, the plant is now anticipated to be commissioned in the fourth quarter of FY 2025-26.

JK Paper attributed this delay to two primary factors:

1. Global logistics disruptions
2. Excessive rainfall in Gujarat

Senior Management Resignation

In a separate announcement, JK Paper disclosed that Shri Mukul Sharadkumar Verma, Executive VP (Works - CPM Unit) and a Senior Management Personnel, has resigned from his position. His resignation will be effective from the close of business hours on September 30, 2025.

According to the company's statement, Shri Verma is leaving to pursue opportunities outside JK Paper. The company has confirmed that there are no other material reasons for his resignation beyond what has been stated.

These developments come as JK Paper continues to navigate the dynamic paper and packaging industry landscape. The delay in the BCTMP plant commissioning may impact the company's production capacity expansion plans in the short term.