Ruchira Papers Limited has informed the Exchange regarding Outcome of Board Meeting held on April 09, 2026 pertaining to Appointment and change in designation of Directors
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Ruchira Papers Limited's Board of Directors met on April 9, 2026 and approved several leadership changes. Jatinder Singh was elevated from Whole-Time Director to Managing Director to fill a vacancy caused by the demise of Sh. Umesh Chander Garg on January 23, 2026. Smt. Shashi Garg, a promoter of the company, was appointed as Additional Director and Whole-Time Director (Executive Director). Subhash Chander Garg was designated as Chairman, while Deepan Garg (also from the promoter group) was designated as Co-Chairman. All appointments are effective April 9, 2026, for tenure up to August 31, 2030, subject to shareholder approval.
The appointment of promoter family member Shashi Garg to the board following the death of Umesh Chander Garg indicates family succession planning. This is a positive signal for continuity, though the company is still in a transition phase after the loss of a key executive.