JK Paper Ltd

Financial performance

• Standalone revenue from operations 6,631.70 cr; EBITDA 828.76 cr; PAT 241.02 cr; PBT 320.41 cr.
• Consolidated revenue from operations 7,076.03 cr; EBITDA 984.11 cr; PAT 271.87 cr; PBT 364.48 cr.
• EPS: standalone 13.29; consolidated 14.66 per share.
• Dividend proposed: Rs 4 per equity share; payout ~Rs 72.53 cr, subject to AGM approval.

Capital structure & corporate actions

• Composite Scheme of Arrangement sanctioned by NCLT on 3 Feb 2026; effective 15 Mar 2026.
• TC1/TC2/TC3 amalgamated into JK Paper; SPML becomes subsidiary; ETVL demerged.
• BPPL acquisition: 65.65% stake acquired; total holding 71.96% by 28 Oct 2025.
• Authorised share capital raised to Rs 1,226.47 cr; issued equity capital rose to Rs 181.32 cr (41.92% increase).
• New equity shares issued: 1,19,16,427 to eligible shareholders (Rs 11.92 cr).
• SPML becomes wholly owned subsidiary from 15 Mar 2026; Sirpur Paper Mills remains subsidiary.

Governance & board

• Smt Vinita Singhania reappointed as Director (Item 3).
• Shri Harsh Pati Singhania reappointed as Chairman & Managing Director for five years from 1 Jan 2027 (Item 6).
• Shri Harshavardhan Neotia reappointed as Independent Director for second term 2027–2032.
• Shri Amit Dalal appointed as Independent Director for five years from 27 Jul 2026.
• M/s Ronak Jhuthawat & Co appointed as Secretarial Auditors for 2026–2031; remuneration Rs 75,000 for first year.
• Statutory Auditors Lodha & Co; no qualification reported.
• Secretarial audits for SPML; Board approved continuation with new firm.

ESG & CSR performance

• CSR expenditure Rs 20.62 cr; 12.5+ lakh beneficiaries across 10 states and 17 districts.
• CSR impact assessments conducted; summary reports linked on JK Paper site.
• Approximately 60% of total energy from renewable sources; hardwood BCTMP plant to run on renewable power.
• plantation coverage 90,239 acres; saplings planted 11.94 crore.
• CSR programs addressed education, healthcare, livelihood, environment; 161 improvement initiatives; IIT-Delhi Centre of Excellence for coatings.

Strategy & operations

• Portfolio shift toward packaging and downstream conversion; paper volumes robust (8.19 LMT peak).
• Backward integration through BCTMP project strengthens raw material security and cost efficiency.
• BPPL acquisition broadens western footprint; Quadragen VetHealth expands animal nutrition capabilities.
• New Aqua brand; Centre of Excellence with IIT Delhi enhances advanced coatings and food-packaging solutions.
• Digitalisation and process automation underpin efficiency; 161 improvement initiatives across network.

Outlook & risks

• Global growth projected ~3.1% in 2026; India ~6.5% growth; inflation around 4.4%.
• Risks: geopolitics, energy/commodity price volatility, freight/shipping costs, and imports pressure.
• Wood costs and regulatory changes (GST, imports) could affect margins; company focuses on raw material security and pricing discipline.

Record date and dividend details

• Record date fixed at 19 August 2026 for dividend entitlement, subject to AGM approval.
• Dividend, if declared at the AGM, will be paid within four weeks after the meeting.
• For demat shares, payment will be based on depositories' beneficial-holding details.
• AGM is scheduled for 2 September 2026.

Filing context

• BRR for FY2025-26 submitted; standalone basis; forms part of Annual Report 2025-26.

Governance & structure

• Holding and subsidiaries: 9 subsidiaries and 1 associate as of March 31, 2026.
• CSR & Sustainability Committee oversees BRR/ESG; chaired by the Board, with A.S. Mehta overseeing.

Financials & CSR context

• Turnover ₹7,037.19 crore; Net worth ₹4,975.48 crore.
• CSR spend disclosed; programs cover education, environment, livelihood, and youth.

Environmental metrics

• Total energy: 18,633,599 GJ; Scope 1: 703,932 tCO2e; Scope 2: 24,797 tCO2e.
• Water withdrawal: 19,667,035 kilolitres; discharge: 16,748,678; water intensity 0.00029.
• SPCC CO2 sequestration ~16,057 MT; PCC product used in JK Paper.

Social impact & CSR beneficiaries

• CSR beneficiaries include education (3,487); environment (12,111); livelihood (34,811); youth (20,882); women empowerment (36,178).

Governance & AGM updates

• Annual Report for FY2025-26 filed; AGM on 2 Sep 2026.
• Composite Scheme of Arrangement sanctioned by NCLT; effective 15 Mar 2026.
• SPML became wholly owned subsidiary from 15 Mar 2026.

Financial highlights

• Standalone revenue ₹6,631.70 cr; consolidated ₹7,076.03 cr.
• Standalone PAT ₹241.02 cr; consolidated ₹273.50 cr.
• Dividend proposed ₹4 per equity share (40%).

Capital structure & strategic actions

• Equity capital raised to ₹181.32 cr; 11.92 cr new shares issued.
• BPPL acquisition completed; stake now 71.96%.
• SPML consolidation under composite scheme; transfer of transferor companies.

E-voting and cut-off

• AGM date: 2 September 2026.
• Cut-off date for voting eligibility: 26 August 2026.
• E-voting window: 30 Aug 2026, 10:00 to 1 Sep 2026, 17:00.
• Ballot/polling paper available at AGM venue on 2 September 2026.

AGM Details

• 65th AGM on 2 September 2026 at 12:30 PM IST at Registered Office.

Record/Book Closure

• Register of Members and share transfer books closed 20 Aug to 2 Sep 2026.

Key Resolutions

• Item 1 (Ordinary): Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Item 2 (Ordinary): Declare dividend of Rs 4 per equity share for 2025-26.
• Item 3 (Special): Re-appoint Vinita Singhania as Director; continue as Non-Executive past age 75.
• Item 4 (Ordinary): Ratify remuneration of Cost Auditors for 2026-27: Rs 1,25,000.
• Item 5 (Ordinary): Appoint Secretarial Auditors for 2026-31; first-year remuneration Rs 75,000.
• Item 6 (Special): Re-appoint Harsh Pati Singhania as CMD for five years from Jan 1, 2027.
• Item 7 (Special): Re-appoint Harshavardhan Neotia as Independent Director for second term 2027–2032.
• Item 8 (Special): Appoint Amit Dalal as Independent Director for five years from 27 Jul 2026.

Directors & Appointments

• Vinita Singhania: reappointment as Director; Non-Executive continuity.
• Harsh Pati Singhania: reappointed as CMD for five years from 2027.
• Harshavardhan Neotia: reappointed as Independent Director for second term.
• Amit Dalal: appointed as Independent Director for five years from 2026.

Auditors & Secretarial Auditors

• Cost Auditors remuneration for 2026-27: Rs 1,25,000.
• Secretarial Auditors appointed for 2026-31; first-year remuneration Rs 75,000.

Dividend & Other Approvals

• Dividend proposed: Rs 4 per equity share (subject to AGM approval).

Key dates and actions

• Book closure from 20 August 2026 to 2 September 2026, both days inclusive.
• Purpose: AGM attendance and dividend payment for fiscal year ended 31 March 2026.
• Security: Equity Shares of Rs. 10 each.
• AGM date: 2 September 2026.
• Record date: 19 August 2026 for members on register.
• Dividend: Rs. 4 per equity share (40%) if declared.
• Dividend payout: within four weeks after AGM.
• Demat holders: payout based on depository details of beneficial ownership.

Financial Highlights

• Consolidated turnover Rs 1,998.67 Cr, up 13%.
• EBITDA Rs 320.90 Cr, up 18%.
• PAT Rs 136.27 Cr, up 63%.

Key Corporate Developments

• Acquired additional 15.40% stake in Borkar Packaging Private Limited.
• Commenced production of BCTMP Plant at Unit CPM, Gujarat, from 30 June 2026.
• 61 Cr saplings planted across 20,177 acres.
• CSR initiatives covered 876 villages across 6 states and 1 Union Territory with over 6 lakh beneficiaries.

Market Context & Operations

• Market remained challenging; higher volume and better mix improved quarterly performance.
• Packaging conversion businesses contributed to revenue and profit.

Resigning Director Details

• Shri Anoop Seth, Independent Director, JK Paper Ltd.
• Type: Independent Director.
• Effective from close of business hours on 27 July 2026.
• Resignation due to personal reasons.
• Confirms no other material reasons beyond those stated.
• Ceases to be Audit Committee Chairman and Stakeholders Relationship Committee member.
• Directorships in listed entities: NIL; no committee memberships.
• Immediate changes to board/committee composition: Audit Committee Chair and Stakeholders Relationship Committee member positions vacated.