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.

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.