Ruchira Papers Limited announced on June 1, 2026, that its shareholders have approved the appointment of Jatinder Singh as Managing Director and Smt. Shashi Garg as Whole-Time Director through a postal ballot process. These appointments, effective from April 9, 2026, fill vacancies arising from the unfortunate demise of the erstwhile Managing Director, Sh. Umesh Chander Garg, on January 23, 2026. The resolutions were passed with the requisite majority following the e-voting period which concluded on May 30, 2026.

The postal ballot was conducted pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sanjay Kumar Garg, Cost Accountant, was appointed as the scrutinizer to oversee the voting process. The remote e-voting facility was open from May 1, 2026, to May 30, 2026, for shareholders whose names appeared on the register of members as on the record date of April 24, 2026.

Voting Results Summary

All three proposed resolutions were approved by the shareholders. The first resolution, a special resolution to change the designation and appoint Sh. Jatinder Singh as Managing Director, received 99.92% of the valid votes cast. The second resolution, an ordinary resolution for the regularization of Smt. Shashi Garg's appointment as Director, was passed with 98.39% approval. The third resolution, a special resolution for her appointment as Whole-time Director and approval of remuneration, secured 98.39% of the votes.

Detailed Voting Breakdown

The scrutinizer confirmed that the results have been declared based on the votes received through remote e-voting. No physical postal ballot forms were dispatched, in accordance with the relevant Ministry of Corporate Affairs circulars. The company has submitted the detailed results to the stock exchanges.

Ruchira Papers Limited reported a 34.4% decline in net profit to ₹4414.30 lakh for the financial year ended March 31, 2026, compared to ₹6732.68 lakh in the previous year. Revenue from operations for the year stood at ₹64880.39 lakh, marginally lower than the ₹65923.04 lakh recorded in FY25. The board has recommended a dividend of ₹2.50 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the ensuing Annual General Meeting.

For the quarter ended March 31, 2026, the company recorded a profit of ₹953.16 lakh, a significant drop from ₹1839.65 lakh in the corresponding quarter of the previous year. Revenue for the quarter rose to ₹18200.59 lakh from ₹16168.48 lakh in Q4 FY25. Total expenses for the year increased to ₹59425.15 lakh from ₹57328.76 lakh in the prior year, driven by higher costs of materials consumed and finance costs.

Financial Performance

The standalone financial results, audited by M/s Moudgil & Company, Chartered Accountants, carry an unmodified opinion. The company’s earnings per share (EPS) for the year stood at ₹14.79, down from ₹22.56 in the previous year. The board also approved the re-appointment of M/s Sanjay Kumar Garg & Associates as Cost Auditor and M/s K.M. Aggarwal & Co as Internal Auditor for FY27.

Key Financial Metrics (₹ in Lakhs)

Borrowings and Approvals

The company disclosed that its outstanding qualified borrowings increased to ₹91.49 crore by the end of FY26 from ₹27.26 crore at the start of the year. Incremental qualified borrowings during the year amounted to ₹85.95 crore. Ruchira Papers confirmed it has not been identified as a Large Corporate entity as per SEBI regulations. Additionally, the board approved managerial remuneration payable to Sh. Vipin Gupta, CFO & Executive Director, effective June 1, 2026, subject to shareholder approval.