JK Paper Completes Corporate Restructuring Through Subsidiary Amalgamations and Strategic Demerger

JK Paper Limited has completed a major corporate restructuring effective March 15, 2026, following the filing of the National Company Law Tribunal’s sanctioning order with the Registrar of Companies. The restructuring includes the amalgamation of three wholly owned subsidiaries—JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, and Horizon Packs Private Limited—into JK Paper Limited, streamlining the company’s corporate structure.

The subsidiaries have been merged with the parent company with effect from April 1, 2024, and have been dissolved without winding up as part of the approved scheme. The restructuring also includes a demerger involving Enviro Tech Ventures Limited (ETVL), under which its demerged undertaking has been transferred to PSV Agro Products Private Limited effective April 1, 2025. In return, PSV Agro issued equity shares to eligible ETVL shareholders, including a 31.12% stake allocated to JK Paper, making PSV Agro an associate company.

Additionally, the redeemable preference shares held by JK Paper in ETVL were converted into an unsecured loan, which was subsequently cancelled upon the amalgamation of ETVL’s residual business with JK Paper. As part of the transaction, JK Paper will issue equity shares to eligible shareholders of ETVL based on the approved share exchange ratio.

Following the amalgamation of the entities involved in the restructuring scheme, JK Paper’s authorized share capital will increase from INR 500 crore to more than INR 1,226.4 crore, subject to approval from the Registrar of Companies. The restructuring aims to simplify the corporate structure, improve operational efficiency, and strengthen the company’s strategic focus across its packaging and paper businesses.