Ruchira Papers Limited has informed the Exchange regarding Proceedings of 45th Annual General Meeting held on September 29, 2025
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Ruchira Papers held its 45th AGM on September 29, 2025, from 12:00 PM to 12:20 PM at Hotel Black Mango in Kala-Amb, Himachal Pradesh. The board recommended a dividend of Rs. 5 per equity share (on face value of Rs. 10) for FY ended March 31, 2025. Shareholders approved the audited financial statements, re-appointment of two retiring directors (Smt. Ruchica Garg Kumar and Sh. Deepan Garg), ratification of Cost Auditor remuneration, and re-appointment of M/s Priyanka Chawla & Associates as Secretarial Auditors for five years. Special resolutions were passed for re-appointing Mr. Subhash Chander Garg as Whole-time Director, Mr. Jatinder Singh as Whole-time Director, and Mr. Umesh Chander Garg as Managing Director, each for a five-year term. A special resolution also approved creation of mortgage or charge on company assets and a revision in the managerial remuneration of CFO and Executive Director Mr. Vipin Gupta. No queries were raised by shareholders, and voting results were to be submitted to stock exchanges within two working days.
Confirms shareholder approval of a Rs. 5 per share dividend and continuity of senior management with re-appointments of Whole-time Directors and the Managing Director for another five-year term. The mortgage/charge approval and managerial remuneration revision indicate potential borrowing or capital expenditure plans ahead.