Ruchira Papers Limited has informed the Exchange regarding Board meeting held on February 13, 2026 pertaining to the approval of Un-audited Financial Results for the quarter and nine months ended December 31, 2025 accompanied by the Limited Review Report and reconstituted its various Committees w.e.f. February 13, 2026.
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Ruchira Papers' board met on February 13, 2026 and recorded the sad demise of its Promoter and Managing Director, Sh. Umesh Chander Garg, who passed away on January 23, 2026, creating a vacancy in the MD position. The board approved the un-audited financial results for Q3 FY26 and 9M FY26 (quarter ended December 31, 2025), showing a sharp fall in profitability — Q3 profit after tax dropped to about ₹192.51 lakhs from ₹1,519.49 lakhs in the same quarter last year, mainly due to a 36-day shutdown of the Writing and Printing unit for maintenance and modernization. Nine-month PAT also declined to ₹3,404.82 lakhs from ₹4,847.48 lakhs. The board also reconstituted four committees (CSR, Nomination & Remuneration, Stakeholders' Relationship, and Project Committee) following the MD's demise and other leadership reshuffles.
Shareholders should note the significant leadership vacuum with the loss of the promoter-MD, whose role has not yet been filled, while Q3 earnings show a steep year-on-year decline attributed to a planned unit shutdown. Near-term sentiment may be weighed down by weaker results and succession uncertainty, though modernization could support future performance.