JK Paper Limited has received approval for its amalgamation scheme during a shareholder meeting held on November 2, 2025. This significant decision follows a directive from the Hon'ble National Company Law Tribunal, Ahmedabad Bench, which mandated the meeting to discuss the proposed Composite Scheme of Arrangement. The meeting included equity shareholders, secured creditors, and unsecured creditors, and was conducted via video conferencing. The scheme involves the amalgamation of several companies, including JKPL Utility Packaging Solutions, Securipax Packaging, and Horizon Packs into JK Paper, as well as a restructuring of Enviro Tech Ventures Limited.

The meeting commenced at 2:00 PM IST and concluded by 4:55 PM IST, focusing on key agenda items outlined in the notice dated September 24, 2025. The proposed plan includes the reduction and conversion of Redeemable Preference Shares of Enviro Tech Ventures into an unsecured loan, along with the demerger of its undertakings into PSV Agro Products. The amalgamation aims to enhance operational efficiencies and streamline the corporate structure of JK Paper Limited, facilitating better resource management and growth potential.

Voting results for the resolutions discussed will be announced in accordance with regulatory requirements. The successful approval of the amalgamation marks a strategic move for JK Paper, positioning it for expanded operations and increased market competitiveness. Stakeholders eagerly await further updates as the company prepares to implement the terms of the scheme, signaling a transformational phase for the organization.