JK Paper Limited announced the approval for the allotment of 1,19,16,427 fully paid-up equity shares to the eligible shareholders of Enviro Tech Ventures Limited (ETVL). This allotment follows the effectiveness of the Composite Scheme of Arrangement involving amalgamations and a demerger. Consequent to this, the company’s paid-up equity share capital has increased from ₹16,94,02,344 to ₹18,13,18,771, effective as of March 20, 2026.
Confirmation of Share Allotment Post-Restructuring
In continuation of a prior disclosure dated March 15, 2026, JK Paper Limited informed stakeholders that the Committee of Directors, duly authorized, has approved a significant equity share allotment following the completion of its Composite Scheme of Arrangement. This scheme involved multiple amalgamations and a demerger concerning several entities, including JKPL Utility Packaging Solutions and Enviro Tech Ventures Limited (ETVL).
Details of the Allotment
The Board approved the allotment of 1,19,16,427 (One Crore Nineteen Lakh Sixteen Thousand Four Hundred Twenty Seven) equity shares, each having a face value of Rs. 10, to the eligible shareholders of ETVL. These new shares will rank pari passu in all respects with the existing equity shares of JK Paper Limited.
Impact on Share Capital
The issuance has resulted in a direct increase in the company’s paid-up equity share capital. The capital has risen from Rs. 1,69,40,23,440 (comprising 16,94,02,344 shares) to Rs. 1,81,31,87,710 (comprising 18,13,18,771 shares of Rs. 10 each).
Listing and Trading Approval
The company confirmed that an application for obtaining listing and trading approval for these newly allotted equity shares will be made in due course to the BSE Limited and the National Stock Exchange of India Limited, where the existing shares are traded.
Meeting Timeline
The Board meeting where this approval was granted commenced at 2:00 P.M. and concluded shortly thereafter at 2:30 P.M. on March 20, 2026.
Source: BSE
