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Sheela Foam Limited is a leading player in India’s mattress and foam products industry and a leader in Polyurethane (PU) Foam. It has a nationwide presence in manufacturing PU Foam with a track record, since 1971.
Sheela Foam has updated its Code of Fair Disclosure for Unpublished Price Sensitive Information (UPSI). This revised policy aims for prompt and uniform public disclosure of material information, bolstering transparency. It defines specific 'legitimate purposes' for sharing UPSI on a 'need-to-know' basis and reinforces the prohibition against insider trading. The...
Sheela Foam's Board has designated Mr. Rakesh Chahar as Deputy Managing Director (Whole-time Director), effective immediately. This leadership change, aligning with the Nomination & Remuneration Committee's assessment, confirms his existing terms and conditions remain unchanged as previously approved by shareholders. This move reflects internal management restructuring and continuity.
Sheela Foam's shareholders have appointed AVA & Associates as the company's Secretarial Auditors for a five-year term. This peer-reviewed firm, established in 2003, brings expertise in corporate law, SEBI regulations, and FEMA compliance. This key governance update ensures robust regulatory oversight and reinforces the company's commitment to compliance standards. It's...
Sheela Foam Ltd. announced the resignation of Mr. Nilesh Sevabrata Mazumdar due to personal reasons, with an intended relieving date in June following his three-month notice period. He has requested two weeks’ leave in early June to attend a family wedding. He committed to ensuring a smooth transition during his...
Sheela Foam Limited has informed the Exchange about Letter Sent To Members