Appointment of Mr. Neeraj Jain as Non-Executive Independent Director
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Sheela Foam Ltd has announced the appointment of Mr. Neeraj Jain as an Additional Director in the category of Independent Director, effective May 14, 2026, for a term of 5 consecutive years. The appointment is subject to shareholder approval. Mr. Jain is a rank holder Chartered Accountant and Company Secretary with over 35 years of experience in finance, management, and governance. He previously served as CFO at Johnson & Johnson Medical India and General Manager at Hindustan Unilever Limited. He is not related to any existing directors and is not debarred from holding the director position.
This appointment strengthens the board's independence and financial expertise, which is positive for corporate governance. The addition of a seasoned finance professional with M&A and restructuring experience could benefit strategic decision-making.