JK PAPER INCREASES STAKE IN BORKAR PACKAGING

• 🏭 JK Paper acquired 40,08,899 equity shares of Borkar Packaging Private Limited (BPPL) on June 11, 2026 • 📈 Acquired stake represents 15.40% of BPPL's total paid-up share capital • 🤝 Post acquisition, JK Paper's holding in BPPL has increased to 87.36% • 📜 Transaction completed under the existing Share Purchase, Subscription and Shareholders Agreement dated July 28, 2025 🟢 Impact: Positive (Higher ownership strengthens JK Paper's control over its packaging business and enhances integration and growth opportunities.)

JK PAPER LIMITED

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