Rahul Gautam and Avantika Singh has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Awaiting price reaction for this filing.
Sheela Foam promoters Rahul Gautam and Avantika Singh received 4,12,82,146 equity shares (37.98% of paid-up capital) by way of gift from immediate family members on August 20-21, 2025. Rahul Gautam received 2,98,50,388 shares (27.46%) from his son Tushaar Gautam and 92,57,638 shares (8.52%) from his wife Namita Gautam, while Avantika Singh (Tushaar's wife) received 21,74,120 shares (2.00%) from him. Post-transaction, Rahul Gautam's stake jumped from 11.58% to 47.56%, making him the largest individual shareholder, while Tushaar Gautam's stake fell from 31.46% to 2.00% and Namita Gautam's from 10.52% to 2.00%. No cash consideration was involved as this was a family arrangement for succession planning, and the aggregate promoter group shareholding remains unchanged.
This is an internal promoter-family restructuring with no change in overall promoter group ownership, so it should have no material impact on the stock price. However, it consolidates controlling stake with Rahul Gautam, which may provide clearer leadership direction for retail investors monitoring governance.