Ruchira Papers Approves Continuations and Five-Year Re-appointment of Director
Ruchira Papers Limited announced that its Board of Directors had reviewed and approved several managerial appointments and remuneration continuations during a meeting held on August 12, 2026. These decisions involve three existing directors and the re-appointment of one senior executive.The Board extended the continuation of managerial remuneration to Sh. Deepan Garg, who is designated as Co-Chairman & Director Technical. This continuance is set for a period of one year, running from October 1, 2026, to September 30, 2027, and remains subject to shareholder approval at the ensuing Annual General Meeting.
Similarly, the Board approved the continuation of managerial remuneration for Smt. Ruchica Garg Kumar, designated as Director Marketing, for a period of one year, starting October 1, 2026, and concluding on September 30, 2027. Sh. Daljeet Singh Mandhan, designated as Director Commercial, will also benefit from the continuation of his managerial remuneration for one year, effective from October 1, 2026, to September 30, 2027, pending shareholder approval.
The Board further approved the re-appointment of Sh. Vipin Gupta as a Whole-Time Director. He will be designated as CFO & Executive Director for a term spanning five years, effective from November 1, 2026, until October 31, 2031. The remuneration payable to him is subject to the approval of shareholders at the upcoming Annual General Meeting.
Details regarding the re-appointment and profile of Sh. Vipin Gupta include:
| Particulars | Details |
|---|---|
| Name of Director | Sh. Vipin Gupta (DIN: 05107366) |
| Reason for Re-appointment | To be designated as CFO & Executive Director of the Company. |
| Term of Re-appointment | Five years, from November 1, 2026, to October 31, 2031. |
| Brief Profile | Sh. Gupta is a Post Graduate in Commerce and has expertise in taxation, finance, and accounting. He has been with the Company since 1990 and manages taxation, finance, accounting, and day-to-day operations of Ruchira Papers Limited. |
| Relationship Disclosure | Sh. Vipin Gupta is not related to any of the Directors of the Company. |
RUCHIRA Stock Price Movement
As of 3:30 PM, shares of Ruchira Papers Limited are slipping by 5.82% in live trading, currently valued at ₹104.8 as the stock shed ₹6.48. The equity has seen a total traded volume of 79,643 shares during the ongoing session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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