JK Paper Limited, one of India’s leading paper manufacturers, announced that it has successfully conducted meetings of its equity shareholders, secured creditors (including non-convertible debenture holders), and unsecured creditors as directed by the National Company Law Tribunal (NCLT), Ahmedabad Bench.
The meetings were held via video conferencing on November 2, 2025, to consider and approve a Composite Scheme of Arrangement involving multiple group entities.
Details of the Composite Scheme
The proposed scheme includes the amalgamation of the following companies with JK Paper Limited (the Transferee Company):
- JKPL Utility Packaging Solutions Private Limited (formerly Manipal Utility Packaging Solutions Pvt. Ltd.)
- Securipax Packaging Private Limited
- Horizon Packs Private Limited
Additionally, the scheme covers:
- Reduction and conversion of redeemable preference shares of Enviro Tech Ventures Limited into unsecured loans.
- Demerger of the demerged undertaking of Enviro Tech Ventures Limited into PSV Agro Products Private Limited.
- Amalgamation of Enviro Tech Ventures Limited with JK Paper Limited.
- Reorganization of reserves of JK Paper Limited post scheme effectiveness, as per the Companies Act, 2013 (Sections 230–232 read with Section 66).
The meetings began and concluded as scheduled through secure virtual platforms, with participation from all eligible stakeholders. The results of the voting on the proposed resolutions will be announced and submitted to the stock exchanges in due course.
Next Steps
Following the disclosure of voting results, the outcome will be presented to the NCLT, and upon approval, the composite scheme will take effect. This restructuring aims to streamline operations across group entities, strengthen financial efficiency, and enhance value creation for shareholders.
