Shashi Garg Gifts 9 Lakh Ruchira Papers Shares to Promoter Group HUFs

Shashi Garg, a promoter of Ruchira Papers Limited, has transferred 9,00,000 equity shares, representing 3.02% of the total diluted share capital, through an off-market gift to three HUF accounts (Deepan Garg (HUF), Atul Garg (HUF), and Lucky Garg (HUF)). These HUFs are part of the promoter group. The transferor's (Shashi Garg) shareholding has reduced from 9.64% to 6.42%. As the transfer is within the promoter group and the donee HUFs' individual holdings remain below 5%, no separate disclosure is required from them. The overall promoter/promoter group shareholding in the company remains unchanged.