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

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.