Sheela Foam Limited has informed the Exchange about Completion of second consecutive term of appointment of Mr. Vijay Kumar Ahluwalia as an Non-Executive Independent Director of the Company
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Mr. Vijay Kumar Ahluwalia (DIN: 08078092) has completed his second consecutive term as a Non-Executive Independent Director of Sheela Foam Limited. His tenure concluded on March 04, 2026, and he ceased to be an Independent Director with effect from March 05, 2026. As a result, his membership and chairmanship in various board committees also ended. The disclosure has been made under Regulation 30 of SEBI Listing Regulations. This is a routine end-of-tenure event with no indication of any governance concerns or unexpected departure.
This is a routine completion of a director's second term and is unlikely to have any material impact on the stock price. The company will need to appoint a new Independent Director to fill the vacancy in due course to comply with board composition norms.