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JK Paper Limited ( (IN:JKPAPER) ) just unveiled an update.
JK Paper Limited announced the completion of meetings with its equity shareholders and creditors, including secured and unsecured creditors, as directed by the National Company Law Tribunal, Ahmedabad Bench. The meetings, held via video conferencing, were convened to discuss and approve a Composite Scheme of Arrangement involving the amalgamation of multiple companies into JK Paper Limited, as well as the reorganization of reserves and conversion of certain shares into unsecured loans. The outcomes of the voting on these resolutions will be disclosed in compliance with applicable laws, indicating a significant restructuring move aimed at streamlining operations and enhancing market position.
More about JK Paper Limited
JK Paper Limited operates in the paper manufacturing industry, focusing on producing a variety of paper products. The company is known for its comprehensive range of products, including office papers, packaging boards, and specialty papers, catering to both domestic and international markets.
Average Trading Volume: 70,562
Technical Sentiment Signal: Buy
Current Market Cap: 67.34B INR
Find detailed analytics on JKPAPER stock on TipRanks’ Stock Analysis page.