JK Paper holds meetings for scheme of arrangement approval

JK Paper Limited successfully held meetings of its equity shareholders, secured creditors (including non-convertible debenture holders), and unsecured creditors on Sunday, November 2, 2025. These meetings, held via video conferencing, were in accordance with an order dated September 8, 2025, from the National Company Law Tribunal, Ahmedabad Bench.

The purpose of these meetings, initiated by a notice dated September 24, 2025, was to consider and approve a proposed composite scheme of arrangement. This scheme involves the amalgamation of JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, and Horizon Packs Private Limited into JK Paper Limited.

Additionally, the scheme includes the reduction and conversion of redeemable preference shares of Enviro Tech Ventures Limited into an unsecured loan, the demerger of demerged undertaking of Enviro Tech Ventures Limited into PSV Agro Products Private Limited, and the amalgamation of Enviro Tech Ventures Limited with and into JK Paper Limited. The scheme also covers the re-organization of reserves of the transferee company post-effectiveness. The meetings concluded between 2:36 PM and 4:55 PM IST.