PD4ML v3 includes our simple SVG renderer, which unfortunately does not support text paths.

PD4ML v4 allows to replace our custom SVG renderer with Batik component. As Batik is very strict to SVG syntax, I had to modify the SVG code to

[language=html:x4tl8dd5] IKKS [/language:x4tl8dd5]

After that it successfully produced the attached PDF