JK Paper Limited — Board Meeting, 28-07-2025: Outcome of Board Meeting

IK Paper Ltd's board has approved the financial results for the quarter ended June 30, 2025. Consolidated net profit came in at Rs. 85.44 Cr on revenue of Rs. 1,641.82 Cr. Performance was impacted by lower volumes and sales realization due to cheap imports and high wood costs, with Sirpur Paper Mills also undergoing a planned shutdown. The company plans to raise up to Rs. 500 Cr via Non-Convertible Debentures (NCDs) for capex and working capital. Additionally, the board greenlit the acquisition of a 72% stake in Borkar Packaging Private Limited, expanding its presence in packaging products like folding cartons and labels.