Ruchira Papers Limited has announced comprehensive leadership changes following a board meeting conducted on April 9, 2026. The restructuring comes as the company strengthens its management team and fills key positions to drive future growth, as disclosed in their official communication to BSE and NSE exchanges.

Board Meeting Outcomes

The board meeting, which commenced at 12:00 PM and concluded at 12:30 PM, resulted in several critical appointments based on recommendations from the Nomination and Remuneration Committee. The decisions were made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations.

Managing Director Appointment

Jatinder Singh (DIN: 01594919) has been appointed as Managing Director through a change in designation from his previous role as Whole-Time Director. This appointment fills the vacancy that arose following the demise of the erstwhile Managing Director, Umesh Chander Garg, on January 23, 2026.

Professional Background:

• Engineering Graduate from Punjab University
• Key promoter of Ruchira Papers Limited
• Extensive experience in the paper manufacturing sector
• Oversees Finance, Administration, and Raw Material Procurement
• Related to Daljeet Singh Mandhan, Director Commercial of the company

The change represents a partial modification of the earlier resolution approved by shareholders at the Annual General Meeting held on September 29, 2025, with all other terms and conditions remaining unchanged.

New Whole-Time Director Addition

Shashi Garg (DIN: 01599284) has been appointed as Additional Director and Whole-Time Director (Executive Director) to strengthen the company's management structure. The appointment aims to fill the vacancy arising from Umesh Chander Garg's demise and enhance organizational capabilities.

Key Qualifications:

• Rich expertise in administration, finance, accounts, management, and corporate affairs
• Experience in financial planning and organizational development
• One of the company promoters
• Serves as Director in other companies
• Related to Subhash Chander Garg and Deepan Garg, Directors of the Company

Leadership Restructuring

Chairman Designation

Subhash Chander Garg (DIN: 01593104) has been designated as Chairman, transitioning from his previous role as Co-Chairman. A Law graduate with specialization in taxation, he has been associated with the company since inception and oversees taxation, marketing, and sales functions with over three decades of marketing experience.

Co-Chairman Role

Deepan Garg (DIN: 01593003) has been designated as Co-Chairman while retaining his Director Technical responsibilities. An Engineering graduate with mechanical expertise, he has been managing Production, Maintenance, and Technical aspects since April 1, 2013.

Regulatory Compliance

All appointments have been made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The appointments are subject to approval of the company's shareholders. The company has confirmed that all newly appointed directors are not debarred from holding office pursuant to any SEBI Order or similar authority directives, ensuring full regulatory compliance.

The official communication was signed by Iqbal Singh, Company Secretary and Compliance Officer (A36847), and digitally authenticated on April 9, 2026.

Ruchira papers Limited has filed its mandatory annual disclosure under SEBI takeover regulations, confirming compliance with substantial acquisition norms for the financial year ended March 31, 2026. The disclosure was submitted to both BSE and NSE on April 3, 2026, fulfilling regulatory requirements under the takeover code.

Regulatory Compliance Declaration

The company submitted its disclosure pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This annual filing is a mandatory requirement for listed companies to ensure transparency in shareholding patterns and any encumbrances on shares held by promoters.

Promoter Declaration

Jatinder Singh, representing the promoter and promoter group, formally declared that no encumbrance has been created on the company's shares during the financial year 2025-26. The declaration was digitally signed on April 1, 2026, confirming the clean status of promoter shareholdings.

The disclosure specifically states that no encumbrance was created directly or indirectly by the promoter and promoter group during the specified period, ensuring compliance with SEBI's transparency requirements.

Stock Exchange Filing

Company Secretary Iqbal Singh facilitated the regulatory filing to both major stock exchanges where Ruchira Papers Limited is listed. The disclosure was submitted to:

• BSE Limited (Scrip Code: 532785)
• National Stock Exchange (Trading Symbol: RUCHIRA EQ)

The filing ensures that both exchanges have updated records regarding the company's compliance status under takeover regulations. This transparency measure helps maintain investor confidence and regulatory compliance in the securities market.

Corporate Information

Ruchira Papers Limited operates from multiple locations with its registered office and works situated at Trilokpur Road, Kala Amb, Sirmaur, Himachal Pradesh. The company maintains additional administrative offices in Yamuna Nagar, Haryana, and New Delhi to support its business operations across different regions.