Sheela Foam Limited has announced the successful conclusion of a postal ballot process, with shareholders approving key changes in the company's leadership. The approval was granted for the change in designation of Mr. Rahul Gautam (DIN: 00192999) to Chairman and Managing Director, and Mr. Tushaar Gautam (DIN: 01646487) to Vice Chairman and Joint Managing Director. The postal ballot notice, seeking shareholder approval for these changes, was sent out on November 4, 2025. The e-voting period commenced on December 31, 2025, and concluded on January 29, 2026. The resolutions were passed with the requisite majority and are deemed effective as of the last day of the e-voting period, January 29, 2026. The company has submitted the detailed voting results and the Scrutinizer's Report, dated January 29, 2026, to the stock exchanges. These documents are also available on the company's website. The changes in designation signify a significant step in the company's governance structure.
