Ruchira Papers Limited has informed the Exchange that the board at its meeting held today 13.02.2026, placed on record the Cessation of Sh. Umesh Chander Garg as Managing Director of the company due to his sad demise on January 23, 2026
RUCHIRA · price
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The board of Ruchira Papers, at its meeting on February 13, 2026, formally recorded the cessation of Sh. Umesh Chander Garg as Managing Director following his sad demise on January 23, 2026. He was a promoter and had been with the company since inception, playing a pivotal role in its growth. The board also approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Four board committees (CSR, Nomination & Remuneration, Stakeholders' Relationship, and Project Committee) were reconstituted, with existing directors stepping into new roles. No successor has been named for the Managing Director position yet.
The sudden loss of the founder-promoter Managing Director creates near-term leadership uncertainty. Stock sentiment may remain cautious until the company announces a succession plan for the MD role.