JK Paper Limited has successfully completed a major corporate restructuring effective March 15, 2026, including the amalgamation of three wholly-owned subsidiaries and demerger operations with Enviro Tech Ventures Limited.
Mar 16, 2026
JK Paper Limited has successfully completed a major corporate restructuring effective March 15, 2026, including the amalgamation of three wholly-owned subsidiaries and demerger operations with Enviro Tech Ventures Limited, as per the filing of the National Company Law Tribunal’s sanctioning order with the Registrar of Companies.
JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited and Horizon Packs Private Limited will be consolidated into JK Paper Limited, along with a reduction and conversion of redeemable preference shares of Enviro Tech Ventures Limited.
Watch: Top Paper Companies 2023
The wholly-owned subsidiaries of the company, have been amalgamated with and into JK Paper Limited, with effect from 1st April 2024. These companies have been dissolved without winding up in accordance with the provisions of the scheme, streamlining JK Paper’s corporate structure.
The demerged undertaking of Enviro Tech Ventures Limited (ETVL), a subsidiary of the company, has been transferred to PSV Agro Products Private Limited (PSV Agro), with effect from the 1st April 2025. PSV Agro has issued and allotted equity shares to the eligible shareholders of ETVL, in accordance with the share exchange ratio specified in the scheme, including 31.12% equity shares to the company. Consequently, PSV Agro has become an associate company of JK Paper Limited.
The redeemable preference shares of ETVL held by the Company stood reduced and converted into unsecured loan of an equivalent amount and the residual business of ETVL including investment in the Sirpur Paper Mills Limited (SPML), has been amalgamated with the company. Upon amalgamation of residual business of ETVL with the company, the said unsecured loan has been cancelled. In consideration of amalgamation of residual business, the Company shall issue and allot equity shares to the eligible shareholders of ETVL in accordance with the share exchange ratio specified in the scheme.
Also Read: Trident Group To Invest INR 5000 Crore in Punjab over the Next 2 Years
Upon amalgamation of the transferor companies involved in the scheme, the combined authorised share capital of the company shall stand increased from INR 500 crore to over INR. 1226.4 crore, subject to approval by Registrar of Companies
