Announced Tue, 28 Apr · 16:30 IST
Postal Ballot: New MD Appointment and Director Changes
Board & Shareholder Meetings View source PDF
RUCHIRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹117.85
prior close
₹118.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.4-0.4+0.0-1.3+0.9+0.4+4.1+6.4+2.3+6.5-0.9-6.7—
Up moveDown movePending
AI summary
Ruchira Papers has issued a Postal Ballot Notice seeking shareholder approval for three resolutions. Following the demise of MD Sh. Umesh Chander Garg on Jan 23, 2026, Sh. Jatinder Singh is proposed as new MD (basic salary Rs 24L/month, term till Aug 31, 2030). Smt. Shashi Garg's regularization as Director and appointment as Whole-time Director (basic salary Rs 5L/month, term till Aug 31, 2030) are also proposed. E-voting: May 1-30, 2026.
Likely market impact
Succession plan after MD's demise; promoter family taking key leadership roles. Neutral for shareholders, pending vote outcome.