JK PAPER LTD.
NSE : JKPAPERBSE : 532162ISIN
CODE : INE789E01012Industry : Paper & Paper ProductsHouse
: Hari Shankar Singhania
BSE344.00-1.15 (-0.33 % )
PREV CLOSE (Rs.) 345.15
OPEN PRICE (Rs.) 345.20
BID PRICE (QTY) 343.60 (10 )
OFFER PRICE (QTY) 344.00 (8799 )
VOLUME 36576
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE346.00 1 (+0.29 % )
PREV CLOSE(Rs.) 345.00
OPEN PRICE (Rs.) 348.75
BID PRICE (QTY) 345.85 (27 )
OFFER PRICE (QTY) 346.00 (110 )
VOLUME 131806
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 14-Mar-2024 | Jk Paper informs about disclosure | <div style="text-align: justify;">Jk Paper has informed that the office of state Tax officer, Ghatak 69 (Vyara): Range - 17, Division - 8, Gujarat, vide its order dated 13.03.2024 under Goods and Service Tax Act (GST Act), has imposed penalty of Rs. 0.20 lac and interest of Rs. 0.19 lac due to disallowance of Input Tax Credit claimed by the Company during the financial year 2018-19 in respect of supplies made by supplier whose registration was cancelled under GST Act. The aforesaid Order has been received by the Company on 13th March 2024. The above mentioned penalty and interest would be paid by the Company within the prescribed time. There is no material impact on financial, operation or other activities of the Company due to aforesaid Order.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 24-Feb-2024 | Jk Paper informs about press release | <div style="text-align: justify;">Jk Paper has informed that it enclosed copies of advertisements published on 24h February 2024, in ‘Financial Express' (all editions) including Financial Express (Ahmedabad Edition, Gujarati translated) newspapers, relating to completion of despatch of Postal Ballot Notice dated 12th February 2024 to the Members of the Company.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 08-Feb-2024 | JK Paper reports 29% fall in Q3 consolidated net profit | <p style="text-align: justify;">JK Paper has reported results for third quarter ended December 31, 2023 (Q3FY24).</p><p style="text-align: justify;">The company has reported 9.83% fall in its net profit at Rs 204.30 crore for Q3FY24 as compared to Rs 226.56 crore for the same quarter in the previous year. Total income of the company decreased by 6.10% at Rs 1545.25 crore for Q3FY24 as compared Rs 1645.57 crore for corresponding quarter of the previous year. </p><p style="text-align: justify;">On consolidated basis, The company has reported 29.14% fall in net profit at Rs 236.36 crore for the third quarter ended December 31, 2023 as compared to Rs 333.54 crore for the same quarter in the previous year. However, total income of the company increased by 4.15% at Rs 1762.32 crore for Q3FY24 as compared Rs 1692.06 crore for corresponding quarter of the previous year.</p> |
| 03-Nov-2023 | JK Paper submits unaudited financial results | <div style="text-align: justify;">Pursuant to Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), JK Paper has informed that the Board of Directors of the Company at its meeting held today, i.e., on Friday, 3rd November 2023, which commenced at 2.00 PM and concluded at 4.10 PM considered and approved the Unaudited Financial Results of the Company for the quarter and half year ended 30h September 2023 on Standalone and Consolidated basis. Copy of the said Unaudited Financial Results along with Limited Review Reports thereon by Lodha & Co., Chartered Accountants, Auditors of the Company, are submitted in compliance of Regulation 33 of SEBI Listing Regulations. The results are also being published in the newspapers, in the prescribed format.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 17-Oct-2023 | Data Patterns, Piramal Pharma and KEC International to see some action today | <p style="text-align: justify;"><b>Data Patterns (India)</b> has signed a Licensing and Transfer of Technology (ToT) agreement with IN-SPACe, a single-window, independent, nodal agency that functions as an autonomous agency in the Department of Space (DoS). This agreement will provide Data Patterns with miniature SAR Radar capability. The technology has been developed at Space Applications Centre (SAC), ISRO and is the forerunner of ISRO's upcoming high resolution SAR satellite, the NISAR and made available for ToT to the industry by IN-SPACe.</p><p style="text-align: justify;"><b>Piramal Pharma</b>'s Piramal Pharma Solutions (PPS) business has launched a world-class high-throughput screening facility that augments the existing in-vitro biology capabilities at its drug discovery services site in Ahmedabad, India. This new expansion significantly adds primary and secondary screening capabilities of compounds prepared at the Ahmedabad site.</p><p style="text-align: justify;"><b>KEC International</b> has secured new orders of Rs 1,315 crore across its various businesses. The Transmission & Distribution (T&D) business has secured orders for T&D projects in India, Middle East, Australia and Americas. The Cables business has secured orders for supply of various types of cables in India and overseas.</p><p style="text-align: justify;"><b>JK Paper</b> has received approval for acquisition of Manipal utility Packaging Solutions. Pursuant to approval of the Board of Directors, the company is entering into share purchase Agreement with Manipal utility packaging solutions and its Promoters/Shareholders. The said acquisition is in synergy with long-term strategic objective of the company and its subsidiaries in packaging business. </p><p style="text-align: justify;"><b>Tata Power</b>'s EV charging arm -- Tata Power EV Charging Solutions (TPEVCSL) has entered into collaboration with the Assam Government, aimed at augmenting the electric vehicle ecosystem. This significant partnership, formalized through the signing of a Memorandum of Understanding (MoU), will introduce the convenience of EV charging infrastructure in the dynamic city of Guwahati. </p><p style="text-align: justify;"><b>Savita Oil Technologies</b> has successfully commissioned new Synthetic Ester manufacturing plant at its facility in Mahad. This multipurpose plant designed to manufacture Synthetic Esters for Transformer Fluid applications, will also have the capability to manufacture Synthetic Esters for high performance Automotive and Industrial Lubricants. Synthetic Esters, because of their high thermal stability and good dielectric properties, are also the preferred choice for use as Electric Vehicle (EV) Coolants, Immersion Cooling of batteries as well as Data Center Cooling Fluids.</p><p style="text-align: justify;"><b>Sarveshwar Foods</b> has been approved as strategic supplier for supplying basmati, non-basmati rice, other agricultural products, food items etc. for Jammu Region by KRIBHCO-a national level Multi State Cooperative Society and has been awarded an initial order of around Rs 12.70 crore for supply of Non - Basmati White Rice as per the purchase order issued by KRIBCHO Agri Business (a wholly owned subsidiary of KRIBCHO).</p> |
| 16-Oct-2023 | JK Paper gets nod to acquire Manipal utility Packaging Solutions | <p style="text-align: justify;">JK Paper has received approval for acquisition of Manipal utility Packaging Solutions. Pursuant to approval of the Board of Directors, the company is entering into share purchase Agreement with Manipal utility packaging solutions and its Promoters/Shareholders. The said acquisition is in synergy with long-term strategic objective of the company and its subsidiaries in packaging business. </p><p style="text-align: justify;">The Acquisition of 100% of equity shares of the target entity by the company is expected to be completed within Six weeks of execution of a Share Purchase Agreement (SPA) with the target entity and its Promoters/Shareholders. The Board of Directors of the company at its meeting held on October 16, 2023, has approved the same. </p><p style="text-align: justify;">JK Paper is the leading player in Office papers, Coated papers and Packaging boards.</p><div style="text-align: justify;"><br></div> |
| 02-Sep-2023 | Jk Paper informs about AGM | <div>Jk Paper has informed that it attached the Consolidated Voting Results (Remote E- Voting & Poll Voting at AGM venue) on the Resolutions forming part of the Notice of 62nd Annual General Meeting of the Company held on 1st September 2023 at the Registered Office of the Company at PO Central Pulp Mills - 394660, Fort Songadh, Dist. Tapi, Gujarat. Also noted that all the Resolutions were duly passed at the AGM, with requisite majority. Further informed that Namo Narain Agarwal, Practicing Company Secretary, Membership No. FCS-234, Scrutinizer has submitted his Consolidated Report dated 1st September 2023 on remote e-voting and Poll Voting for the aforesaid AGM. A copy of the said Report is also enclosed.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 23-Aug-2023 | JK Paper informs about completion of tenure of independent director | <p style="text-align: justify;">Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations') read with Para A of Part A of Schedule III of Listing Regulations, JK Paper has informed that Shailendra Swarup (DIN: 00167799) had completed his second term as Independent Director of the Company on 22nd August 2023 and consequently, he is not a Member of the Board of Directors of the Company with effect from 23rd August 2023. The Board of Directors and Management of the Company place on record their sincere appreciation for the contribution made by Shailendra Swarup during his association with the Company as Director.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </p> |
| 25-Jul-2023 | JK Paper shines on reporting 18% rise in Q1 consolidated net profit | <p style="text-align: justify;">JK Paper is currently trading at Rs. 327.85, up by 14.60 points or 4.66% from its previous closing of Rs. 313.25 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 326.20 and has touched a high and low of Rs. 336.35 and Rs. 322.55 respectively. So far 27166 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 452.50 on 21-Dec-2022 and a 52 week low of Rs. 306.60 on 10-Jul-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 336.35 and Rs. 312.55 respectively. The current market cap of the company is Rs. 5306.53 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 49.63%, while Institutions and Non-Institutions held 13.57% and 36.79% respectively.</p><p style="text-align: justify;">JK Paper has reported 12.71% rise in its net profit at Rs 230.87 crore for the quarter ended June 30, 2023 as compared to Rs 204.84 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 1.96% at Rs 1424.39 crore for Q1FY24 as compared Rs 1452.83 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 18.29% rise in net profit at Rs 312.56 crore for the quarter ended June 30, 2023 as compared to Rs 264.23 crore for the same quarter in the previous year. Total income of the company increased by 11.88% at Rs 1639.20 crore for Q1FY24 as compared Rs 1465.19 crore for the corresponding quarter previous year.</p><div style="text-align: justify;"><br></div> |
| 25-Jul-2023 | Reliance Industries, PFC and SJVN to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Reliance Industries (</span>RIL) has entered into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centers in India. RIL will hold 33.33% stake in each of the Indian SPVs and become an equal partner. Digital Realty Trust, Inc. (Digital Realty) is the largest provider of cloud and carrier-neutral data center, colocation and interconnection solutions globally with 300+ data centers across 27 countries. They have a joint venture (JV) with Brookfield Infrastructure that is developing highquality, highly-connected, scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in India. RIL will become an equal partner in the JV. The JV will be branded as 'Digital Connexion: A Brookfield, Jio and Digital Realty Company'.</p><p style="text-align: justify;"><span style="font-weight: bold;">Power Finance Corporation </span>(PFC) has entered into loan agreements worth more than Rs 2.37 lakh crore with 20 companies. These firms include Adani Group, Greenco, ReNew Power, Continuum, Avaada, JBM Auto, Rajasthan Renewable Energy and Megha Engineering & Infrastructure, among others. </p><p style="text-align: justify;">The Government of Arunachal Pradesh has allotted five projects totalling 5097 MW to <span style="font-weight: bold;">SJVN</span>. The Projects allocated are 3097 MW Etalin, 680 MW Attunli, 500 MW Emini, 420 MW Amulin and 400 MW Mihumdon. All the five projects are located in Dibang Basin, which will result in optimal resources utilization and timely completion of projects. The development of these projects will involve an investment of more than Rs 50,000 crore, while construction of these projects will reduce carbon emission in tune of around 1.1 million tonnes per year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Torrent Power</span> (TPL) a leading electric utility, has forayed into the Electric Mobility Infrastructure Sector. The initial set of 4 EV charging stations have been set up in Ahmedabad and 2 more are likely to be launched in Surat soon with more cities to be added in the near future.</p><p style="text-align: justify;"><span style="font-weight: bold;">JK Paper </span>has reported 18.29% rise in consolidated net profit at Rs 312.56 crore for the quarter ended June 30, 2023 as compared to Rs 264.23 crore for the same quarter in the previous year. Total consolidated income of the company increased by 11.88% at Rs 1639.20 crore for Q1FY24 as compared Rs 1465.19 crore for the corresponding quarter previous year.</p><p style="text-align: justify;"><span style="font-weight: bold;">BCL Industries</span> has successfully commissioned a 200 KLPD Ethanol dedicated brownfield expansion at Bhatinda, Punjab, taking the plant's distillery capacity to 400 KLPD at Bathinda. The company has also commissioned a 10 MW Power Plant that will run on paddy straw, for which the company has already sourced paddy straw stock required until December 2023, along with contracts for paddy straw already in place for the next year. The company expects this power plant to bring down the fuel cost for distillery segment moving forward. The capex outlay for this expansion was Rs 220 crore. </p><p style="text-align: justify;"><span style="font-weight: bold;">MIC Electronics</span> has received Letter of Acceptance (LoA) from Sambalpur Division of East-Coast Railway Zone for Provision of CIB at JSGR (PF-1&2), RAIR (PF-1,2&3), MNGD (PF-1,2 & 3), KRAR (PF-3), HKG (PF-1,2&3), BRPL (PF-1,2&3) and HSK (PF-2&3), TIB at JSGR and GPS Clock at MNGD, KRAR, HKG, BRPL, HSK in relation to Amrit Bharat Work. The aggregate value of the said Work-Order is Rs 3.56 crore. The order is to be executed within 6 months from the date of issue of LoA.</p> |
