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 meeting on April 9, 2026 approved several leadership changes following the death of former Managing Director Sh. Umesh Chander Garg on January 23, 2026. Sh. Jatinder Singh has been promoted from Whole-Time Director to Managing Director for the remaining tenure until August 31, 2030. Smt. Shashi Garg, a promoter family member, has been appointed as Additional Director and Whole-Time Director. Additionally, Sh. Subhash Chander Garg has been designated as Chairman and Sh. Deepan Garg (also from the promoter group) as Co-Chairman of the Company. All appointments are effective April 9, 2026, subject to shareholder approval at the next general meeting.
The changes reinforce promoter family control over the board after the passing of a key executive. Shareholders should note that the Garg family now holds multiple top leadership positions including Chairman, Co-Chairman, and Managing Director, indicating concentrated management.