Prime Focus Limited has notified stock exchanges regarding a structural change in its statutory auditor's business organization. The company announced on January 14, 2026, that its auditing firm has converted from a traditional partnership to a Limited Liability Partnership structure.

Auditor Conversion Details

The statutory auditors M S K A & Associates, Chartered Accountants formally converted their firm structure under the Limited Liability Partnership Act, 2008. The conversion details are outlined below:

Continuity of Audit Services

The auditing firm has assured Prime Focus Limited that the conversion will not impact their professional obligations. M S K A & Associates LLP will continue to function and discharge their responsibilities as statutory auditors for the remaining period of their appointment tenure. This ensures seamless continuity in the company's audit processes without any disruption to statutory compliance requirements.

Regulatory Compliance

Prime Focus Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary and compliance officer Parina Shah signed the intimation letter, ensuring proper notification to both BSE Limited and National Stock Exchange of India Limited.

Corporate Communication

The formal communication was digitally signed and submitted to stock exchanges on January 14, 2026. This announcement reflects the company's commitment to maintaining transparency with stakeholders regarding changes that may affect its corporate governance structure, even when such changes do not materially impact business operations.

Sheela Foam Limited , the company behind the popular Sleepwell mattress brand, has issued a postal ballot notice seeking shareholder approval for leadership changes while also reporting its financial results for the second quarter of fiscal year 2026.

Postal Ballot for Leadership Approval

The company has issued a postal ballot notice dated November 4, 2025, seeking member approval for changes in designation of key directors. The notice was sent to stock exchanges on December 30, 2025, with the cut-off date set as December 26, 2025.

The e-voting period commences from 10:00 AM on December 31, 2025, and ends at 5:00 PM on January 29, 2026. Mr. Amitabh (ICSI Membership No.14190), Partner, AVA Associates, Company Secretaries, New Delhi has been appointed as the Scrutinizer for the e-voting process.

Leadership Changes Already Implemented

The Board of Directors has already made key appointments effective November 4, 2025, following the NCLT-approved merger with Kurlon Enterprise Limited:

• Rahul Gautam appointed as Chairman and Managing Director
• Tushaar Gautam elevated to Vice Chairman and Joint Managing Director

These appointments came after the National Company Law Tribunal approved the merger order on October 30, 2025. The terms and conditions of their re-appointment, including tenure, remain unchanged as per shareholders' approval through postal ballot on January 25, 2024.

Financial Performance

For the quarter ended September 30, 2025, Sheela Foam reported mixed financial results:

The company's revenue from operations showed growth, increasing by 7.66% year-over-year. However, net profit declined significantly by 50.79% compared to the same quarter last year, while EBITDA decreased by 23.98%.

Segment Performance and Strategic Investments

Sheela Foam's geographical segment analysis reveals domestic revenue of ₹668.51 crore and international revenue of ₹206.43 crore, maintaining presence in both markets.

The company has also approved a subsequent investment in House of Kieraya Limited (Furlenco), subscribing to up to 20,09,377 new equity shares at ₹149.30 per share, for an aggregate consideration of up to ₹30 crore, further diversifying its interests in the furniture sector.

As Sheela Foam seeks formal shareholder approval for these leadership changes through the postal ballot process, stakeholders will be monitoring how these strategic decisions impact the company's future performance and market position.