JK Paper Group wants to consolidate its core businesses

Recently JK Paper Limited announced internal restructuring which will enable the group to consolidate its paper products operations along with reorganisation of reserves.

- Anirudha Jain

JK Paper Limited ('Transferee Company") is engaged in the business of manufacturing and distribution of a wide range of paper products, including office paper, writing & printing, packaging boards, coated paper, specialty paper and other paper related products. The registered office of the Transferee Company is located in the state of Gujarat. The equity shares of the transferee company are listed on nationwide bourses.

JKPL utility Packaging solutions Private Limited ("Transferor Company 1") is engaged in the business of manufacturing of folding cartons' Corrugated boxes and labels and prepress activities. The Transferor Company 1 is a wholly owned subsidiary of Transferee Company. Transferor Company I is under process to shift its registered office from State of Karnataka to State of Gujarat.

Securipax Packaging Private Limited ("Transferor Company 2") is engaged in the business of manufacturing of corrugated boxes, corrugated sheet, and other packaging related work. The Transferor Company 2 is a wholly owned subsidiary of Transferee Company. Transferor Company 2 is under process to shift its registered office from State of Delhi to State of Gujarat.

Horizon Packs Private Limited ("Transferor company 3") is engaged in the business of manufacturing of corrugated boxes, corrugated sheet, and other packaging-related work. The Transferor Company 3 is a wholly owned subsidiary of the Transferee Company.

The Transferor Company 3 is under process to shift its registered office from state of Maharashtra to State of Gujarat.