Ruchira Papers Limited company name Board of Directors approved the reappointment of Vipin Gupta as Whole Time Director, designated as CFO & Executive Director, during a meeting held on August 12, 2026. The Board also approved the continuation of existing managerial remuneration for three other Whole Time Directors—Deepan Garg, Ruchica Garg Kumar, and Daljeet Singh Mandhan—for a period of one year. These decisions ensure leadership continuity in finance and key operational functions, subject to shareholder ratification at the company’s next Annual General Meeting.

The approvals were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III of the said Regulations. The company disclosed these developments to the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 12, 2026. The filings reference SEBI Master Circular bearing reference no. HO/49/14/14(7)2025- CFD-POD2/1/3762/2026 dated January 30, 2026.

Key Appointments and Remuneration Approvals

The Board’s resolutions covered four senior executives. Vipin Gupta’s reappointment marks a significant long-term commitment, extending his tenure by five years. The other three directors received extensions for their remaining tenure of one year, maintaining their current remuneration structures.

All approvals are contingent upon shareholder consent at the ensuing Annual General Meeting. The specific remuneration amounts payable to these directors were not disclosed in the intimation but were fixed or continued as per existing terms.

Profile of Reappointed CFO

Vipin Gupta, aged 57, brings extensive experience to his renewed role. He is a Post Graduate in Commerce with expertise in taxation, finance, and accounting. Gupta has been associated with Ruchira Papers Limited since 1990 and has served as a Whole-Time Director since November 2011. His responsibilities include overseeing taxation, finance, accounting, and the day-to-day operations of the company. The filing confirms that Gupta is not related to any other Directors of the Company.

Regulatory Compliance

The disclosures were signed by Iqbal Singh, Company Secretary and Compliance Officer (Membership No. A36847), on August 12, 2026. The company cited compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency in corporate governance matters regarding director appointments and managerial remuneration.

Shashi Garg, Promoter and Whole Time Director of Ruchira Papers Limited , has increased her shareholding to 9.61% through the acquisition of 1,841,999 equity shares. The acquisition, representing 6.17% of the total paid-up share capital, was executed via transmission of shares following the demise of Late Shri Umesh Chander Garg, the erstwhile Managing Director and Promoter. The shares were transmitted to Shashi Garg as the nominee, with the transaction recorded on May 29, 2026.

Prior to this acquisition, Shashi Garg held 1,025,319 shares, accounting for 3.44% of the company's equity share capital. The transmission of shares has consequently raised her total voting rights to 9.61%. The equity share capital of Ruchira Papers remains at Rs. 298449850, comprising 29,844,985 equity shares of face value Rs. 10 each.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirmed that the mode of acquisition was transmission through inheritance, classified as an off-market transaction.

Following the change in shareholding, the updated list of the promoter and promoter group indicates that the collective holding stands at 20,495,196 shares, representing 68.67% of the total share capital. Jatinder Singh remains the largest shareholder among the promoters with a 9.64% stake, followed closely by Shashi Garg at 9.61%.

Shareholding Details

Promoter Group Holdings