Chadha Papers Limited has successfully completed a significant inter-se share transfer within its promoter group and filed the mandatory compliance report with SEBI. The company announced the completion of the transfer that was initially proposed in October 2025, along with the submission of required regulatory filings.

Transfer Details and Completion

The share transfer, executed through a gift deed between immediate relatives, has been completed as planned:

Shareholding Pattern Changes

The completed transfer has resulted in a significant consolidation of shareholding within the promoter group:

SEBI Compliance and Regulatory Filings

Chadha Papers Limited has completed all mandatory regulatory compliance requirements following the share transfer:

The company filed the report under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on the SEBI Intermediary Portal. The prescribed fee of ₹1,50,000 plus GST at 18% (₹27,000) totaling ₹1,77,000 has been remitted online.

Exemption and Regulatory Framework

This inter-se transfer falls under Regulation 10(1)(a)(i) of the SEBI SAST Regulations, which provides exemption from open offer requirements for transfers between immediate relatives within the promoter group. The company has emphasized that this transfer is a private family arrangement and does not result in any change in the overall shareholding of the promoter group.

The transfer represents a consolidation of ownership, with Mr. Rajinder Singh Chadha now holding a substantial 45.67% stake in the company. All disclosure requirements under various SEBI regulations have been duly complied with, including prior intimations and post-transfer filings with BSE Limited.

Chadha Papers Limited has announced significant changes to its Board of Directors, effective August 19, 2025. The company's leadership reshuffle includes the appointment of two new directors and the completion of tenure for a long-serving independent director.

New Appointments

Non-Executive Independent Director

Mr. Manmeet Singh has been appointed as a Non-Executive Independent Director for a five-year term, subject to shareholder approval. Singh's term is set to run from August 19, 2025, to August 18, 2030. With his appointment, Chadha Papers aims to leverage Singh's expertise in marketing management, consumer and market research, and strategy planning.

Additional Women Director

Mrs. Jaspreet Kaur joins the board as an Additional Women Director in a Non-Executive role. Kaur brings experience in strategic business operations, with particular strengths in human resources, marketing, and operations functions. Her appointment is also subject to shareholder approval.

Completion of Tenure

The board changes come as Mrs. Surjeet Kaur concludes her tenure as an Independent Director. Kaur's departure marks the end of her service after completing two consecutive five-year terms, highlighting her contribution to the company over the past decade.

Board Meeting Details

The decisions were made during a board meeting held on August 19, 2025, which commenced at 15:30 and concluded at 16:15. The Nomination and Remuneration Committee recommended both new appointments, underscoring the company's commitment to maintaining a diverse and skilled board.

Regulatory Compliance

In compliance with SEBI regulations, Chadha Papers has confirmed that neither Mr. Singh nor Mrs. Kaur is debarred from holding directorship positions by any SEBI or regulatory order. The company has also stated that there are no relationships between the newly appointed directors and existing board members.

These strategic appointments reflect Chadha Papers' focus on strengthening its leadership team with diverse expertise. As the company moves forward with these changes, shareholders will have the opportunity to approve the new directors, potentially shaping the future direction of the organization.

Chadha Papers Limited, with its corporate office in New Delhi and manufacturing facilities in Bilaspur, Uttar Pradesh, continues to adapt its governance structure to meet the evolving needs of the business and regulatory landscape.