Ruchira Papers Limited has informed the Exchange regarding Appointment of Smt. Shashi Garg as Executive Director of the company w.e.f. April 09, 2026.
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Ruchira Papers has carried out a major board reshuffle effective April 9, 2026, following the demise of its earlier Managing Director, Sh. Umesh Chander Garg, on January 23, 2026. Sh. Jatinder Singh has been elevated from Whole-Time Director to Managing Director for the remaining tenure up to August 31, 2030. Smt. Shashi Garg, a promoter of the company, has been appointed as Additional Director and Whole-Time Director (Executive Director) for the same tenure. Additionally, Sh. Subhash Chander Garg has been designated as Chairman and Sh. Deepan Garg as Co-Chairman, both continuing as Whole-Time Directors. All these changes are subject to shareholder approval.
The restructuring consolidates control within the promoter family, filling leadership gaps caused by the death of a senior family member. For shareholders, this signals continuity of family-led management but may raise questions about board independence and succession planning.