Ruchira Papers 46th AGM Approves All Nine Resolutions

Meeting Details

Type of Meeting: 46th Annual General Meeting (AGM)
Date of Meeting: September 29, 2026
Meeting Time: Started at 12:00 PM and concluded at 12:18 PM
Record Date: September 22, 2026
Total Shareholders on Record Date: 28,034
Location: Hotel Black Mango, Kala Amb, Himachal Pradesh – 173030

Summary of Proposed Resolutions and Implications

Nine resolutions were considered and all passed with requisite majority:

1. Ordinary Resolution: To receive, consider, and adopt the audited financial statements for the financial year ended March 31, 2026, along with the Board and Independent Auditors reports.

2. Ordinary Resolution: To declare a dividend of ₹2.50 per equity share of ₹10 each for FY26.

3. Ordinary Resolution: To appoint Daljeet Singh Mandhan (DIN: 02633421) as Director, who retires by rotation and offers himself for re-appointment. (Promoters interested: Yes)

4. Ordinary Resolution: To appoint Vipin Gupta (DIN: 05107366) as Director, who retires by rotation and offers himself for re-appointment. (Promoters interested: No)

5. Ordinary Resolution: Ratification of remuneration of the Cost Auditor for FY27.

6. Special Resolution: To approve managerial remuneration of Smt. Ruchica Garg Kumar (DIN: 09705909), Whole-Time Director (Director - Marketing) for one year from October 1, 2026 to September 30, 2027. (Promoters interested: Yes)

7. Special Resolution: To approve managerial remuneration of Sh. Deepan Garg (DIN: 01593003), Whole-Time Director (Co-Chairman & Director - Technical) for one year from October 1, 2026 to September 30, 2027. (Promoters interested: Yes)

8. Special Resolution: To approve managerial remuneration of Sh. Daljeet Singh Mandhan (DIN: 02633421), Whole-Time Director (Director - Commercial) for one year from October 1, 2026 to September 30, 2027. (Promoters interested: Yes)

9. Special Resolution: To approve re-appointment of Sh. Vipin Gupta (DIN: 05107366) as Whole-Time Director (CFO & Executive Director) for five years from November 1, 2026 to October 31, 2031 and fix his remuneration. (Promoters interested: No)

Voting Process and Methods

Remote E-Voting Period: September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
Voting at AGM: Poll voting was conducted during the meeting
Total Shareholders Present/Proxy: 39 shareholders (4 Promoters/Promoter Group, 35 Public)
Shareholders via Video Conferencing: 0 (0 Promoters, 0 Public)

Key Voting Outcomes

Overall Participation

Total Outstanding Shares: 29,844,985
Total Votes Polled: 18,944,751 (63.4772% of outstanding shares)
Resolution Outcome: All 9 resolutions passed

Category-wise Voting Breakdown

Promoter and Promoter Group

Shares Held: 20,495,196
Votes Polled: 18,493,331 (90.2325% of shares held)
Voting Method: 100% via e-voting (no poll or postal votes)
Support Level: 100% in favor for all resolutions except minor opposition in resolutions 3, 4, 5, 6, 7, 8, and 9 from other categories

Public Institutions

Shares Held: 252,453
Votes Polled: 241,786 (95.7747% of shares held)
Voting Method: 100% via e-voting
Support Level: 100% in favor for all resolutions

Public Non-Institutions

Shares Held: 9,097,336
Votes Polled: 209,634 (2.3043% of shares held)
Voting Method: 193,976 via e-voting (92.53%), 15,658 via poll (7.47%)
Support Level: Varied by resolution with minor opposition noted

Resolution-wise Results

1. Resolution 1: 18,944,750 in favor (100.0000%), 0 against (0.0000%)

2. Resolution 2: 18,944,750 in favor (100.0000%), 0 against (0.0000%)

3. Resolution 3: 18,944,625 in favor (99.9993%), 126 against (0.0007%)

4. Resolution 4: 18,944,625 in favor (99.9993%), 126 against (0.0007%)

5. Resolution 5: 18,944,653 in favor (99.9995%), 98 against (0.0005%)

6. Resolution 6: 18,937,222 in favor (99.9603%), 7,529 against (0.0397%)

7. Resolution 7: 18,937,218 in favor (99.9602%), 7,533 against (0.0398%)

8. Resolution 8: 18,937,218 in favor (99.9602%), 7,533 against (0.0398%)

9. Resolution 9: 18,944,719 in favor (99.9998%), 32 against (0.0002%)

Scrutinizer's Role and Findings

Name: Sanjay Kumar Garg
Firm: Sanjay Kumar Garg & Co.
Qualification: CWA
Membership Number: 20707
Appointment Date: August 12, 2026
Report Issuance Date: September 30, 2026

Scrutinizer's Key Findings

Total Members Voting: 93 (72 via e-voting, 21 via poll)
Total Valid Votes Cast: 18,944,751
E-Voting Proportion: 18,929,092 votes (99.9173% of total)
Poll Voting Proportion: 15,658 votes (0.0827% of total)
Invalid Votes: 0 across all categories and resolutions
Conclusion: All resolutions passed with requisite majority

Compliance Confirmation

The disclosure confirms compliance with:

Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sections 108 and 109 of the Companies Act, 2013
Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014

Additional Information

The scrutinizer confirmed that all voting records and papers will remain in their custody until the Chairman approves and signs the meeting minutes
The company has offices in Himachal Pradesh (Registered Office), Haryana, and New Delhi
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