RUCHIRANSERuchira Papers Limited· Paper And Paper ProductsLowNeutral
Announced Sat, 24 May · 14:28 IST

Ruchira Papers Limited has informed the Exchange about the intimations pursuant to Regulation 30 of SEBI LODR, 2015

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ruchira Papers' Board, at its meeting on 24th May 2025, approved the re-appointment of M/s Sanjay Kumar Garg & Associates as Cost Auditor and M/s K.M. Aggarwal & Co as Internal Auditor for FY 2025-26. The Board also designated promoter and Whole Time Director Mr. Jatinder Singh as Chairman, and promoter and Whole Time Director Mr. Subhash Chander Garg as Co-Chairman, both effective 1st June 2025 for a 2-year term ending 31st May 2027. The change was triggered by the expiry of the previous Chairman and Co-Chairman's tenures on 31st May 2025. Both appointees are long-standing promoters with decades of experience in the paper industry, finance, taxation, and marketing.

Likely market impact

This is a routine internal leadership succession with no change in ownership or strategic direction, as both Chairman and Co-Chairman are existing promoter-directors. Shareholders can expect continuity in operations, and the re-appointment of familiar auditors supports governance stability.