Appointment and Re-Appointment of Directors
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Sheela Foam Ltd's Board has approved the appointment of 3 new Independent Directors and re-appointment of 4 existing directors, all subject to shareholder approval. The new Independent Directors are Ms. Hiroo Mirchandani (consumer goods/ESG expert), Mr. Rajeev Srivastava (tech/energy executive with $15bn P&L experience), and Mr. Sudhir Shenoy (35 years in chemicals/materials including Dow India). The existing leadership being re-appointed includes Mr. Rahul Gautam as Chairman & MD, Ms. Namita Gautam as Whole-Time Director, Mr. Rakesh Chahar as Deputy MD, and Mr. Tushaar Gautam as Vice Chairman & Joint MD. The Gautam family (Rahul, Namita, and Tushaar) continues to hold key management positions. New independent directors effective June 6, 2026; re-appointments effective April 1, 2027.
This filing strengthens board governance by adding 3 experienced independent directors with diverse backgrounds in consumer, technology, energy, and chemicals sectors. Continuity of the Gautam family in leadership positions provides stability but maintains concentration of control. Shareholders will vote on all appointments.