Ruchira Papers Limited shareholders approved the audited financial statements for FY26 and declared a final dividend of ₹2.50 per equity share of face value ₹10 each. The resolution was passed during the 46th Annual General Meeting held on September 29, 2026, in Kala-Amb, Himachal Pradesh.

The meeting, presided over by Chairman Subhash Chander Garg, saw the reappointment of two directors retiring by rotation: Daljeet Singh Mandhan and Vipin Gupta. Both were deemed eligible and offered themselves for reappointment, receiving shareholder consent via ordinary resolutions.

Managerial remuneration approvals

Shareholders passed special resolutions to approve managerial remuneration for three whole-time directors for the remaining tenure of one year, from October 1, 2026, to September 30, 2027. Additionally, a separate special resolution approved the reappointment of Vipin Gupta as Whole-Time Director, designated as CFO and Executive Director, for a period of five years from November 1, 2026, to October 31, 2031.

Governance and compliance details

The Statutory Auditors' Report and Secretarial Audit Report contained no qualifications and were taken as read. Mr. Sanjay Kumar Garg, Cost Accountant, served as the Scrutinizer for the remote e-voting and poll processes. The Company Secretary noted that no queries were raised by shareholders during the session.

The voting results are scheduled to be declared within two working days on the company's website and stock exchange platforms. The meeting concluded with the Chairman thanking members for their participation.

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.