Re-Appointment of Statutory Auditor
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Sheela Foam Ltd has announced the re-appointment of M/s M S K A & Associates LLP, Chartered Accountants as the company's Statutory Auditors for a second term of five consecutive years. The appointment will be effective from the conclusion of the 54th Annual General Meeting until the conclusion of the 59th AGM (calendar year 2031). The decision was based on the recommendation of the Audit Committee and approved by the Board of Directors on May 14, 2026. The appointment is subject to shareholder approval at the ensuing AGM.
This is a routine governance matter and does not indicate any issues with the current auditor or company performance. Shareholders can expect a smooth continuation of audit services with no material impact on the stock.