JK Paper Limited Allots Shares Following Composite Scheme of Arrangement
JK Paper Limited announced today, March 20, 2026, the allotment of 10,91,64,27 equity shares with a face value of Rs. 10 each to eligible shareholders of Enviro Tech Ventures Limited (ETVL), as part of a composite scheme of arrangement.The allotment follows the recent effectiveness of the scheme, which involves the amalgamation of JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, Horizon Packs Private Limited, and Enviro Tech Ventures Limited with and into JK Paper Limited. The scheme also includes a reduction and conversion of Redeemable Preference Shares of Enviro Tech Ventures Limited into unsecured loans and the demerger of a Demerged Undertaking of Enviro Tech Ventures Limited into PSV Agro Products Private Limited.
The newly allotted shares rank pari passu with existing equity shares of the company. As a result, the paid-up equity share capital of JK Paper Limited has increased from Rs. 1,69,40,23,440 comprising 16,94,02,344 equity shares to Rs. 1,81,31,87,710 comprising 18,13,18,771 equity shares.
JK Paper Limited plans to seek listing and trading approval for these shares on the BSE Limited and National Stock Exchange of India Limited.
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