Sheela Foam Limited announced the cessation of three Independent Directors—Mr. Som Mittal, Mr. Ravindra Dhariwal, and Mr. Anil Tandon—on June 06, 2026, following the completion of their second consecutive terms. The exit of these directors impacts the company's board composition and its committee structure, as their memberships and chairmanships on various committees also concluded with effect from the close of business hours on the same date.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the directors ceased to hold office immediately upon the conclusion of their respective terms.

Details of Cessation

The following table outlines the details regarding the cessation of the three directors:

Consequent to their departure, the roles held by these directors on the Committees of the Board have been vacated. The filing was signed by Md. Iquebal Ahmad, Company Secretary & Compliance Officer of sheela foam .

Sheela Foam Limited promoter Rahul Gautam declared on April 06, 2026, that the promoter group has not created any encumbrance on shares held during the financial year 2025-2026, other than those already disclosed to the stock exchanges. The disclosure, submitted to BSE and NSE, confirms that shares held directly or indirectly by the promoter and persons acting in concert remain free from new charges or liens for the period.

The filing was made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rahul Gautam, serving as Promoter & Executive Chairman, provided the declaration on behalf of himself, the other Promoter, and the Promoter Group or Persons Acting in Concert.

The statement confirms compliance with regulatory requirements regarding the disclosure of share encumbrances by promoters.