JK Paper Limited — Updates, 17-03-2025: Strikes/Lockouts/Disturbances

JK Paper Ltd. has announced a board meeting to discuss a strike initiated by trade unions at its CPM unit in Fort Songadh, Gujarat, which started on March 17, 2025. This disruption is expected to reduce production by approximately 20%. Management is actively engaged with the unions to reach a resolution. While there is no physical damage to assets, the production shortfall could impact overall operations. Investors might see a neutral impact from this development, with a potential for operational recovery contingent on timely negotiations with the unions.