Ruchira Papers Limited has informed the Exchange regarding Change in Auditors of the company.
RUCHIRA · price
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Awaiting price reaction for this filing.
At the 45th Annual General Meeting held on September 29, 2025, shareholders approved the re-appointment of M/s Priyanka Chawla & Associates as the company's Secretarial Auditor for a five-year term covering FY 2025-26 to 2029-30. Three promoter directors were also re-appointed for five-year terms effective September 1, 2025: Mr. Subhash Chander Garg (83) as Whole-Time Director, Mr. Jatinder Singh (71) as Whole-Time Director, and Mr. Umesh Chander Garg (76) as Managing Director. All three are long-standing promoters with deep experience in the paper industry. The board continues to be dominated by promoter-family members, including related directors handling marketing, commercial, and technical functions.
This is a routine continuity announcement and is unlikely to move the stock. The re-appointment of the same promoter-family directors signals stability but may raise governance eyebrows given the directors' advanced ages and the concentration of family control across key board positions.