Sheela Foam Limited has informed the Exchange about Gift Deed executed in between promoters of the company
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Sheela Foam Limited informed the exchanges about a Gift Deed executed on August 19, 2025 between promoter group members: Mr. Rahul Gautam, his son Mr. Tushaar Gautam, his wife Mrs. Namita Gautam, and Mrs. Avantika Singh (spouse of Tushaar Gautam). Post-transaction, Mr. Rahul Gautam's stake jumped to 5,16,98,785 shares (47.56%) from 1,25,90,759 shares (11.58%). Meanwhile, Tushaar Gautam's holding fell from 3,41,98,628 shares (31.46%) to 21,74,120 shares (2%), and Namita Gautam's from 1,14,31,758 shares (10.52%) to 21,74,120 shares (2%). Avantika Singh now holds 21,74,120 shares (2%). The total promoter group shareholding remains unchanged, as this is a private family arrangement with no impact on management or control.
This is an internal family reshuffle of shareholding among promoter group members via gift deed, so there is no material change for minority shareholders. The aggregate promoter holding stays the same, and the company's operations, management, and control remain unaffected.