JK Paper schedules NCD holders meeting for composite scheme approval

JK Paper Limited is set to convene a meeting for its Non-Convertible Debenture (NCD) Holders on Sunday, November 2, 2025, at 4:00 PM via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The purpose is to consider and potentially approve a Composite Scheme of Arrangement, as directed by the National Company Law Tribunal, Ahmedabad Bench. This scheme involves the amalgamation of JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, and Horizon Packs Private Limited with and into JK Paper Limited.

The scheme also includes the reduction and conversion of Redeemable Preference Shares of Enviro Tech Ventures Limited into unsecured loans, and the demerger of Demerged Undertaking of Enviro Tech Ventures Limited into PSV Agro Products Private Limited, followed by the amalgamation of Enviro Tech Ventures Limited with JK Paper Limited. The board of directors of the transferee company approved this scheme on December 13, 2024.

Remote e-voting for NCD holders will commence on Thursday, October 30, 2025, at 10:00 AM and conclude on Saturday, November 1, 2025, at 5:00 PM. Voting rights for NCD holders will be based on the outstanding amount as of June 30, 2025. The scheme, if approved by NCD holders representing three-fourths in value, will be subject to subsequent tribunal approval.