Chadha Papers: Promoter Group Plans Significant Inter-se Share Transfer

Chadha Papers Limited has announced a substantial reshuffling of shares within its promoter group, set to take place through an inter-se transfer. This move, which involves a significant portion of the company's equity, is scheduled to occur on or after November 10, 2025.

Key Details of the Share Transfer

Aspect	Details
Transferor	Mrs. Jatinder Kaur Chadha
Transferee	Mr. Rajinder Singh Chadha
Number of Shares	1,388,590
Percentage of Total Share Capital	13.61%
Mode of Transfer	Gift Deed
Consideration	Nil

Impact on Shareholding

The proposed transfer will result in a significant shift in the shareholding pattern within the promoter group:

Shareholder	Pre-Transfer Holding	Post-Transfer Holding
Mr. Rajinder Singh Chadha	32.06%	45.67%
Mrs. Jatinder Kaur Chadha	13.61%	0%

Regulatory Compliance

The company has emphasized that this transfer falls under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As the transfer is between immediate relatives within the promoter group, it is exempt from open offer requirements.

Chadha Papers Limited has duly informed the BSE Limited about this proposed transfer, adhering to the disclosure requirements under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rationale and Implications

The company states that this transfer is a private family arrangement. While the exact motivations behind this significant reshuffling of shares are not disclosed, such moves can often be part of broader succession planning or restructuring within family-owned businesses.

This transfer represents a considerable consolidation of ownership within the promoter group, with Mr. Rajinder Singh Chadha set to increase his stake substantially. However, as this is an inter-se transfer within the promoter group, it does not alter the overall promoter holding in the company.

Investors and market watchers may want to monitor any potential changes in the company's management or strategic direction that could follow this significant shift in individual promoter holdings.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

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.