Sheela Foam Limited has informed the Exchange about Appointment and Re-appointment of Directors
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Sheela Foam's board has approved appointment of 3 new Independent Directors and re-appointment of 4 existing key directors. The new appointments include Ms. Hiroo Mirchandani (30 years experience in consumer goods, healthcare, telecom), Mr. Rajeev Srivastava (former MD of Redington Group, CEO of CoreOps.AI with 40+ years experience), and Mr. Sudhir Shenoy (former Dow India CEO with 35 years in chemicals). The re-appointments include Mr. Rahul Gautam as Chairman & MD, Ms. Namita Gautam as Whole-Time Director, Mr. Tushaar Gautam as Vice Chairman & Joint MD, and Mr. Rakesh Chahar as Deputy MD—all for 5-year terms from April 1, 2027. All appointments are subject to shareholder approval.
The addition of 3 experienced independent directors strengthens board independence and brings fresh expertise in technology, operations, and ESG. However, the Gautam family (Rahul, Namita, and Tushaar) continues to hold top leadership positions, maintaining promoter-family control at the executive level. Positive for governance balance but no change in control structure.