Ruchira Papers Limited has announced the sad demise of Sh. Umesh Chander Garg, Managing Director and one of the Promoters of the company, who passed away on January 23, 2026. The company informed both BSE and NSE about this significant development through a regulatory filing under SEBI LODR Regulations.

Key Details of the Announcement

The company provided comprehensive details about the cessation in accordance with regulatory requirements:

Impact on Company Structure

Following this development, Sh. Umesh Chander Garg will cease to be part of the promoter/promoter group of the company in accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015. This regulatory change will affect the company's promoter group composition and shareholding pattern.

Tribute to Leadership

The company described Sh. Umesh Chander Garg as a visionary leader who played a pivotal role in the growth and development of Ruchira Papers Limited since its inception. The management acknowledged that his absence will be deeply felt and his memory will always remain a part of the company.

Company Response

The entire spectrum of the company's directors and employees have extended heartfelt sympathies, profound grief, and deepest condolences to Mr. Garg's family during this difficult time. The announcement reflects the significant impact he had on the organization throughout his tenure.

Regulatory Compliance

Ruchira Papers Limited has fulfilled its disclosure obligations under Regulation 30 and Regulation 31A of SEBI LODR Regulations, 2015, providing all required details to the stock exchanges. The company submitted the intimation through its Company Secretary and Compliance Officer, Iqbal Singh, ensuring proper regulatory compliance during this transition period.

Ruchira Papers Limited , a leading paper manufacturer, has announced its financial results for the second quarter and half-year ended September 30, 2025. The company demonstrated resilience in its operations amid challenging market conditions.

Financial Highlights

For the quarter ended September 30, 2025, Ruchira Papers reported:

For the half-year ended September 30, 2025, the company's performance was as follows:

Operational Performance

The company's total income for Q2 FY2026 stood at ₹16,799.83 lakhs, showing a marginal decrease from ₹16,941.93 lakhs in the previous quarter. However, for the half-year, total income increased to ₹33,741.76 lakhs from ₹33,039.95 lakhs in the corresponding previous period, indicating a growth of about 2.12%.

Profit before tax for Q2 FY2026 was ₹2,107.01 lakhs, compared to ₹2,268.10 lakhs in the previous quarter. For the half-year, it stood at ₹4,375.11 lakhs, slightly lower than the ₹4,516.95 lakhs reported in the same period last year.

Management Commentary

The Board of Directors, in their meeting held on November 13, 2025, reviewed and approved these unaudited financial results. The company continues to operate in a single business segment of paper manufacturing, focusing on maintaining operational efficiency and market presence.

Balance Sheet Highlights

As of September 30, 2025, Ruchira Papers reported:

• Total Assets: ₹78,753.21 lakhs
• Total Equity: ₹49,897.63 lakhs
• Current Assets: ₹33,741.76 lakhs
• Current Liabilities: ₹15,846.25 lakhs

The company maintains a healthy balance sheet with a strong equity position, indicating financial stability.

Cash Flow Management

For the half-year ended September 30, 2025, Ruchira Papers demonstrated effective cash flow management:

• Net Cash from Operating Activities: ₹5,340.57 lakhs
• Net Cash used in Investing Activities: ₹(15,519.01) lakhs
• Net Cash from Financing Activities: ₹10,157.99 lakhs

The significant cash outflow in investing activities suggests that the company is actively investing in its operations.

Ruchira Papers Limited continues to navigate the dynamic paper industry landscape, maintaining a focus on operational efficiency. The company's performance in the first half of FY2026 reflects its resilience and adaptability in the face of market challenges.