The Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench, has sanctioned the Composite Scheme of Arrangement involving JK Paper Limited and several other entities, including JKPL Utility Packaging Solutions Private Limited and Enviro Tech Ventures Limited. The order was pronounced on February 3, 2026, paving the way for the scheme’s implementation, which aims to streamline operations and enhance efficiency.
Scheme Sanctioned by NCLT
JK Paper Limited has received approval from the Hon’ble National Company Law Tribunal, Ahmedabad Bench, for its Composite Scheme of Arrangement. The order, pronounced on February 3, 2026, marks a significant step forward in the company’s restructuring efforts.
Details of the Scheme
The sanctioned scheme encompasses the amalgamation of JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, and Horizon Packs Private Limited with and into JK Paper Limited. It also includes the reduction and conversion of Redeemable Preference Shares of Enviro Tech Ventures Limited into unsecured loans. Furthermore, it involves the demerger of a portion of Enviro Tech Ventures Limited into PSV Agro Products Private Limited, and subsequent amalgamation of Enviro Tech Ventures Limited with JK Paper Limited.
Effective Date and Next Steps
While the order has been pronounced, the scheme will become fully effective upon the filing of the certified order copy with the relevant Registrar of Companies. JK Paper Limited will proceed with the necessary filings to ensure the timely implementation of the sanctioned arrangement. The certified copy is awaited to proceed with the filing.
Benefits of the Scheme
The Composite Scheme of Arrangement is expected to yield several benefits for JK Paper Limited, including streamlined operations, enhanced resource utilization, and a stronger financial profile. It facilitates the consolidation of various entities, potentially leading to greater operational efficiencies and cost savings. Further details on the specific financial impacts are anticipated to be disclosed in future company reports.
Source: BSE
