JK Paper Limited announced at its board meeting held on November 12, 2018. The board approved the resignation of Mr. Wilhelmus Johannes Maria Wienk, effective 12 November 2018. He was nominated as a Nominee Director on the Board of the company pursuant to the Subscription Agreements for Foreign Currency Convertible Bonds (FCCBs), between the company and the three European Development lnstitutions. Since these FCCBs have now been redeemed/converted into Equity Shares of the company and the said FCCB Holders are not holding any equity shares of the company, he has resigned as a Director of the company.