RUCHIRANSERuchira Papers Limited· Paper And Paper ProductsMediumNeutral
Announced Thu, 9 Apr · 12:53 IST

Ruchira Papers Limited has informed the Exchange regarding Change in Director(s) of the company.

Promoter Family Board EntryManagement Changes View source PDF

RUCHIRA · price

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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹110.55
prior close
₹109.85
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AI summary

Ruchira Papers Limited's Board meeting on April 9, 2026 approved several leadership changes. Jatinder Singh was elevated from Whole-Time Director to Managing Director to fill a vacancy caused by the demise of former MD Sh. Umesh Chander Garg on January 23, 2026. Smt. Shashi Garg, identified as a Promoter of the company, was appointed as Additional Director and Whole-Time Director. Additionally, Sh. Subhash Chander Garg was designated as Chairman and Sh. Deepan Garg (also from the Promoter Group) was designated as Co-Chairman of the Company. All appointments are effective April 9, 2026, for terms up to August 31, 2030, subject to shareholder approval.

Likely market impact

The changes represent a restructuring of top management following the passing of the former Managing Director, with the promoter family consolidating board control. Shareholder approval is still pending for these appointments.