JK Paper: Unsecured Creditors Approve Composite Scheme of Arrangement
JK Paper's unsecured creditors approved the Composite Scheme of Arrangement at a meeting held on November 2, 2025, as directed by the NCLT, Ahmedabad.
The approval of the scheme is a significant step in the company's restructuring process, but the actual impact will depend on the successful implementation of the scheme.
The announcement confirms the approval of the Composite Scheme of Arrangement by the unsecured creditors, indicating a positive step for the company's restructuring plans.
* The meeting of the Unsecured Creditors of JK Paper Limited was held on 2 November 2025, as per the directions of the Hon'ble National Company Law Tribunal, Ahmedabad Bench (NCLT). * The meeting was convened regarding the Composite Scheme of Arrangement for amalgamation of JKPL Utility Packaging Solutions Private Limited, Securipax Packaging Private Limited, Horizon Packs Private Limited with JK Paper Limited. * It also included the reduction and conversion of Redeemable Preference Shares of Enviro Tech Ventures Limited into unsecured loan and Demerger of Demerged Undertaking of Enviro Tech Ventures Limited into PSV Agro Products Private Limited and amalgamation of Enviro Tech Ventures Limited with and into JK Paper Limited. * The resolution as set out in the Notice of the meeting has been duly approved by the Unsecured Creditors with requisite majority. * The Scrutinizer's Report dated 2 November 2025, confirmed that the resolution was approved with the requisite majority.
What to do with a filing like this
JK Paper Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by JK Paper Limited. Read the original for the full detail.