Ruchira Papers has scheduled its 46th Annual General Meeting for September 29, 2026, to adopt financial results for FY26 and approve key corporate actions. The meeting will be held at Hotel Black Mango in Kala-Amb, Himachal Pradesh.

Financial Performance and Dividend

The Board of Directors recommended a final dividend of ₹2.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This represents a payout ratio of 25%, down from the 50% paid in both FY25 and FY24.

The share transfer books will remain closed from September 23, 2026, to September 29, 2026, to determine dividend eligibility. The record date for beneficial owners is September 22, 2026.

Director Re-appointments and Remuneration

Shareholders will vote on the re-appointment of two directors retiring by rotation: Daljeet Singh Mandhan and Vipin Gupta. Additionally, the agenda includes special resolutions to approve managerial remuneration for four Whole-Time Directors for the period from October 1, 2026, to September 30, 2027.

The proposed remuneration structure for Ruchica Garg Kumar (Director Marketing), Deepan Garg (Director Technical), and Daljeet Singh Mandhan (Director Commercial) includes a basic salary of ₹5,00,000 per month plus 15% House Rent Allowance. These amounts exceed the threshold limits prescribed under Schedule V of the Companies Act, 2013, necessitating shareholder approval.

Vipin Gupta, designated as CFO & Executive Director, will be re-appointed for a five-year term from November 1, 2026, to October 31, 2031. His remuneration for the initial year (June 1, 2026, to May 31, 2027) is set at a basic salary of ₹8,80,000 per month plus 15% HRA.

Cost Auditor Ratification

The meeting will also ratify the appointment of M/S Sanjay Kumar Garg & Associates as Cost Auditors for the financial year ending March 31, 2027. The approved remuneration is ₹80,000 plus applicable taxes and out-of-pocket expenses.

What the Numbers Show

While revenue remained relatively stable between FY24 and FY26, declining slightly from ₹65,759.80 lakh to ₹64,880.39 lakh, profitability contracted significantly. Profit After Tax fell by approximately 34% from ₹6,732.68 lakh in FY25 to ₹4,414.30 lakh in FY26. Despite this profit compression, the company maintained its commitment to shareholder returns by declaring a dividend, albeit at a reduced rate of 25% compared to the previous two years.

Ruchira Papers promoter Shashi Garg transferred 9,00,000 equity shares, representing 3.01% of the company’s voting capital, through an off-market gift transaction on August 21, 2026.

The disclosure was filed with stock exchanges on August 25, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011.

Transfer Details

The shares were gifted to three Hindu Undivided Families (HUFs) belonging to Shashi Garg’s sons:

• Deepan Garg (HUF): 3,00,000 shares
• Atul Garg (HUF): 3,00,000 shares
• Lucky Garg (HUF): 3,00,000 shares

Each donee HUF now holds 1.00% of the company’s equity. Since this stake is below the 5% threshold, no separate disclosure under Regulation 29(1) was required from the recipients.

Promoter Holding Structure

Shashi Garg’s individual shareholding decreased from 28,14,977 shares (9.43%) to 19,14,977 shares (6.42%). However, because the transferees are part of the promoter group, the aggregate promoter group holding remains unchanged at 68.67% (2,04,95,196 shares).

The total equity share capital of Ruchira Papers stands at ₹298,449,850, comprising 2,98,44,985 equity shares with a face value of ₹10 each. This figure remained constant before and after the transaction.