Management Change14 May 2026, 06:21 pm
Sheela Foam Appoints & Re-appoints Directors
AI Summary
Sheela Foam Ltd's Board, based on the Nomination & Remuneration Committee's recommendation and subject to shareholder approval, has approved the appointment of Hiroo Mirchandani, Rajeev Srivastava, and Sudhir Shenoy as Independent Directors for five, five and three years respectively, effective June 06, 2026. Additionally, Rahul Gautam, Namita Gautam, Rakesh Chahar, and Tushaar Gautam have been re-appointed as Chairman & Managing Director, Whole-Time Director, Deputy Managing Director, and Vice Chairman & Joint Managing Director respectively, each for a five-year term starting April 01, 2027.
Key Highlights
- Hiroo Mirchandani, Rajeev Srivastava, and Sudhir Shenoy appointed as Independent Directors.
- Rahul Gautam re-appointed as Chairman and Managing Director for five years.
- Namita Gautam re-appointed as Whole-Time Director for five years.
- Rakesh Chahar re-appointed as Deputy Managing Director for five years.
- Tushaar Gautam re-appointed as Vice Chairman and Joint Managing Director for five years.
Price Impact
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