JK Paper completes full ownership of Radhesham Wellpack With US$4.6M deal

INDIA – JK Paper has acquired the remaining 20% stake in Radhesham Wellpack for ₹44.02 crore (US$4.64 million), completing full ownership of the packaging subsidiary and consolidating its position in India’s growing packaging sector.

The transaction covers 25,000 equity shares with a face value of ₹100 each, executed on September 9, 2026, in compliance with the Share Purchase and Shareholders’ Agreement dated December 13, 2024. 

The deal represents the concluding phase of a staged buyout that began in February 2025, when JK Paper acquired an initial 60% holding in the packaging firm. 

A further 20% was purchased in September 2025 for ₹32.55 crore (US$3.43 million), lifting the company’s stake to 80%. 

With the final tranche now settled, JK Paper’s shareholding in Radhesham Wellpack stands at 100%, allowing full consolidation of the subsidiary into its financial statements.

Packaging Remains Strategic Growth Priority

The acquisition reinforces JK Paper’s expanding presence in packaging, a segment the company has identified as a key growth driver alongside its traditional paper operations. Radhesham Wellpack operates in the corrugated and protective packaging space, serving industrial and consumer goods customers. 

Full ownership gives JK Paper direct control over the subsidiary’s operations, investment decisions and growth trajectory, enabling tighter integration with its existing packaging board production. 

The company produces writing and printing papers, packaging boards and related products, and has pursued acquisitions to deepen its reach across the packaging value chain. 

While the direct financial impact of the ₹44.02 crore (US$4.64 million) outlay is modest relative to JK Paper’s overall scale, the strategic value lies in operational control and consolidation synergies.

Financial Performance Shows Improved Profitability

JK Paper’s consolidated revenue from operations rose 12.80% year on year to ₹1,998.67 crore (US$210.79 million) in Q1 FY27, up from ₹1,771.78 crore (US$186.87 million) in the corresponding quarter. 

Consolidated net profit climbed 62.71% year on year to ₹136.27 crore (US$14.37 million), compared with ₹83.75 crore (US$8.83 million) previously, supported by higher volumes and an improved product mix. 

Basic earnings per share reached ₹7.18 (US$0.076) in Q1 FY27, against ₹5.07 (US$0.053) a year earlier. The stock closed at ₹415.20 (US$4.38), with a market capitalisation of ₹7,528.36 crore (US$794.05 million).

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