JK Paper Acquires Remaining 20% Stake in Radhesham Wellpack for ₹440.2 Million

JK Paper has acquired the remaining 20% stake in Radhesham Wellpack Private Limited (RWPL) for ₹440.2 million, making the packaging company a wholly owned subsidiary of JK Paper.

The transaction, completed on September 9, involved the purchase of 25,000 equity shares of RWPL, each with a face value of ₹100. The acquisition fulfills the terms of the Share Purchase and Shareholders' Agreement (SPSHA) dated December 13, 2024.

JK Paper disclosed the transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously issued related intimations on December 13, 2024, and September 26, 2025.

The company said the requisite details had previously been furnished in accordance with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended.