Sheela Foam has accepted the resignation of Shaili Tyagi as Chief Human Resources Officer, effective close of business on August 31, 2026.

The company disclosed the development in a filing with the BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Tyagi cited personal reasons for her departure in a letter dated July 6, 2026.

Interim Leadership Arrangement

Until a permanent replacement is appointed, the Managing Director will oversee the responsibilities and functions of the CHRO role on an interim basis. This addition comes alongside his existing duties.

Regulatory Disclosure Details

The filing includes specific details regarding the change in key managerial personnel as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The resignation letter was enclosed as Annexure B in the regulatory filing.

Sheela Foam Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Ms. Avantika Singh Gautam as a non-executive non-independent director. The resolution, classified as an ordinary resolution, proposes her appointment for a term of five years effective from August 4, 2026.

Ms. Gautam was initially appointed as an additional director on August 4, 2026, based on recommendations from the Nomination and Remuneration Committee. She brings over two decades of experience as a broadcast journalist and media professional, having served as a prime-time anchor with the India Today Group and Network18. Additionally, she holds a Master's degree in Global Leadership and Global Affairs from The Fletcher School at Tufts University and completed the Persuasive Communication programme at the Harvard Kennedy School.

Voting Details

The company is conducting the vote exclusively through remote e-voting via MUFG Intime India Private Limited (MIPL). Shareholders holding shares as on the cut-off date of August 14, 2026, are eligible to cast their votes. The e-voting window opens on August 21, 2026, at 10:00 am and closes on September 19, 2026, at 5:00 pm.

Mr. Amitabh of AVA Associates, Company Secretaries, has been appointed as the scrutinizer to oversee the voting process. The results will be declared by Monday, September 21, 2026, at 5:00 pm on the company's website, MIPL's website, and the stock exchanges' websites.

Director Profile

Ms. Gautam is related to the promoter group; she is the wife of Mr. Tushaar Gautam, Vice Chairman and Joint Managing Director, and the daughter-in-law of Chairman and Managing Director Mr. Rahul Gautam. Her remuneration will comprise sitting fees for board meetings and profit-related commission within the limits prescribed under Section 197 of the Companies Act, 2013.