Sheela Foam Limited has informed the Exchange regarding Notice of Postal Ballot
SFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sheela Foam Limited has issued a Postal Ballot notice seeking shareholder approval for two key management changes effective 4th November 2025 till 31st March 2027. Item 1 is a Special Resolution to re-designate Mr. Rahul Gautam (DIN: 00192999) from Whole-time Director (Executive Chairman) to Chairman and Managing Director. Item 2 is an Ordinary Resolution to re-designate Mr. Tushaar Gautam (DIN: 01646487) from Managing Director to Vice Chairman and Joint Managing Director. The changes follow the merger of Kurlon Enterprise Limited and its subsidiaries with the Company, and are aimed at strengthening operational leadership. All terms of appointment, including remuneration, remain unchanged. E-voting will run from 31st December 2025 (10:00 AM) to 29th January 2026 (5:00 PM), with the cut-off date set as 26th December 2025.
This is a leadership restructuring within the promoter Gautam family, with no change in remuneration. While the designations shift operational and strategic responsibilities, the unchanged pay terms and family-led continuity suggest minimal disruption, though shareholders should note the elevated roles and any related governance implications.