JK Paper Ltd. Allots Shares to Enviro Tech Ventures Limited Shareholders
JK Paper Limited announced on March 20, 2026, the allotment of 10,916,427 equity shares with a face value of Rs. 10 each to eligible shareholders of Enviro Tech Ventures Limited (ETVL). This allotment follows the approval of a composite scheme of arrangement involving JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, Horizon Packs Private Limited, Enviro Tech Ventures Limited, and JK Paper Limited.The share allotment is in accordance with the exchange ratio stipulated in the scheme. The newly allotted shares rank equally with existing equity shares of JK Paper Limited.
As a result of this allotment, JK Paper Limited’s paid-up equity share capital 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 the new equity shares on the BSE Limited and National Stock Exchange of India Limited. The meeting of the Committee of Directors that approved the allotment commenced at 2:00 P.M. and concluded at 2:30 P.M.
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