MD and Promoter Sh. Umesh Chander Garg passes away

Management Changes View source PDF Explain this filing

RUCHIRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹114.39

prior close

₹115.12

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.1% vs market

Paper & Paper Products peers, median of 39sector-0.1%+0.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.4 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.1

15m

+0.2

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.1+0.1-0.1+0.4

Next day

+1.9+2.2-0.3+0.2+1.6

+1.1+1.8-0.6-0.9+2.0

+2.2+3.6-1.4+1.1+1.1

+1.4+2.3-0.9+0.6+0.8

+1.8+6.1-4.4+0.0+1.8

+7.6+6.4+1.1+2.1+5.4

15d

-4.8+7.0-11.8+5.1-9.9

-4.2+3.8-8.0+2.2-6.5

-14.4-5.2-9.2-11.7-2.8

+3.5+12.5-8.9+6.4-2.9

UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ruchira Papers informed the exchanges about the demise of its Managing Director and Promoter, Sh. Umesh Chander Garg, on January 23, 2026. He held 18,41,999 shares, about 6.17 percent of the company. He will cease to be part of the promoter group under SEBI LODR rules. The company called him a visionary leader since inception.

Likely market impact

Sudden loss of a promoter and MD. No successor named yet, which may cause short-term uncertainty for the stock and governance.