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.

Ruchira Papers Limited reported a net profit of ₹6.14 crore for the quarter ended June 30, 2026, marking a 63.8% decline year-on-year as rising input costs pressured margins despite a 3.8% increase in revenue from operations. The Board of Directors, meeting on August 12, 2026, fixed September 22, 2026, as the record date for determining shareholders entitled to receive the final dividend for FY26, with payment scheduled on or after October 12, 2026, subject to Annual General Meeting (AGM) approval.

Revenue from operations rose to ₹174.92 crore in Q1FY27 from ₹168.53 crore in the corresponding period last year, reflecting modest top-line growth. However, this gain was offset by a significant surge in cost of materials consumed, which jumped to ₹139.92 crore from ₹108.01 crore in Q1FY26. Finance costs also more than doubled to ₹3.19 crore from ₹1.53 crore, further compressing profitability. Profit before tax fell to ₹8.22 crore from ₹22.68 crore, while total comprehensive income declined to ₹6.04 crore from ₹16.93 crore.

Key Financial Metrics

The company’s operational expenses increased by 14.7% year-on-year to ₹168.29 crore, outpacing revenue growth. Employee benefits expense remained relatively stable at ₹14.90 crore, while manufacturing expenses rose slightly to ₹16.33 crore. Selling, distribution, and establishment expenses decreased marginally to ₹3.25 crore from ₹3.42 crore. Depreciation and amortization expense stood at ₹5.25 crore.

What the Numbers Show

The divergence between revenue growth and expense inflation highlights margin compression risks. While top-line revenue grew by only 3.8%, total expenses surged by 14.7%, primarily driven by a 29.5% increase in material costs. This suggests that Ruchira Papers has not yet fully passed on higher input costs to customers or secured sufficient volume discounts to mitigate the impact, leading to a disproportionate drop in profitability.

Board Approvals and Corporate Actions

In addition to approving the unaudited financial results reviewed by M/s Moudgil & Co., Chartered Accountants, the Board decided to convene the 46th AGM on Tuesday, September 29, 2026, at 12:00 PM at Hotel Black Mango, Kala-Amb, Himachal Pradesh. The book closure period for the AGM is set from September 23 to September 29, 2026.

The Board also sought shareholder approval for several managerial appointments:

• Continuation of existing remuneration for Whole Time Directors Deepan Garg (Co-Chairman & Director Technical), Ruchica Garg Kumar (Director Marketing), and Daljeet Singh Mandhan (Director Commercial) for one year from October 1, 2026, to September 30, 2027.
• Re-appointment of Vipin Gupta as Whole Time Director, designated as CFO & Executive Director, for five years from November 1, 2026, to October 31, 2031.

M/s Sanjay Kumar Garg & Co., Cost Accountants, was appointed as the Scrutinizer for remote e-voting and voting at the AGM. The filings were made pursuant to Regulation 33 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.