Sheela Foam Limited has informed the Exchange about change in Designation
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Sheela Foam's Board has redesignated Mr. Rahul Gautam as Chairman and Managing Director, and elevated Mr. Tushaar Gautam as Vice Chairman and Joint Managing Director, both effective November 4, 2025. The move is aimed at strengthening operational leadership following the merger of Kurlon Enterprise Limited and its subsidiaries with Sheela Foam, which received NCLT approval on October 30, 2025. Their existing terms of appointment, previously approved by shareholders via postal ballot in January 2024, remain unchanged. Both appointees are from the promoter family — Rahul Gautam is the father and Tushaar Gautam is the son, with Rahul's wife Namita Gautam also serving as a Director on the board.
Consolidation of leadership in the promoter family signals tighter strategic control as Sheela Foam integrates the Kurlon acquisition. For shareholders, this provides continuity at the top, though it further centralises decision-making within the founding family.