Sheela Foam Announces Postal Ballot for Key Management Designation Changes
Sheela Foam Limited has announced a notice of postal ballot dated November 04, 2025, to seek member approval for significant changes in the designations of its key management personnel. The company is...
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Why is Sheela Foam Limited in the news today?
Sheela Foam Limited (SFL) is in the news due to the announcement pertains to internal management designation changes and does not inherently present positive or negative financial implications. it is a routine corporate governance process.
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Sheela Foam Announces Postal Ballot for Key Management Designation Changes
December 30, 2025, 10:31 AM
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Sheela Foam Limited has announced a notice of postal ballot dated November 04, 2025, to seek member approval for significant changes in the designations of its key management personnel. The company is proposing to change the designation of Mr. Rahul Gautam (DIN: 00192999) from Whole-time Director (Executive Chairman) to Chairman and Managing Director. Concurrently, Mr. Tushaar Gautam (DIN: 01646487) is proposed to be re-designated from Managing Director to Vice Chairman and Joint Managing Director.
These proposed changes are effective from November 04, 2025, and will remain in effect until the end of their current terms, which is March 31, 2027. All other terms and conditions of their appointments, including remuneration, are set to remain unchanged. The company is facilitating this approval process through postal ballot, exclusively via e-voting, in compliance with SEBI regulations and the Companies Act, 2013.
The e-voting period will commence on Wednesday, December 31, 2025, at 10:00 AM IST and conclude on Thursday, January 29, 2026, at 05:00 PM IST. The company has appointed Mr. Amitabh as the Scrutinizer to ensure the fairness and transparency of the e-voting process. The notice of postal ballot, dated November 04, 2025, was sent to members on December 30, 2025, via email, based on a cut-off date of December 26, 2025.
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