Sheela Foam Limited Announces Cessation of Independent Directors' Tenure
Sheela Foam Limited has announced that three Non-Executive Independent Directors have completed their second consecutive term of appointment with the company. Mr. Som Mittal, Mr. Ravindra Dhariwal, and Mr. Anil Tandon ceased to be Independent Directors as of June 06, 2026, upon completion of their respective terms of office.The cessation of these directors' positions also meant that their memberships and chairmanships on the Board Committees, where applicable, concluded effective from the close of business hours on June 06, 2026. The change in directorship signifies the completion of their two-year tenure as Independent Directors of Sheela Foam Limited.
The details concerning the cessation of these directors' roles are provided below:
| Director Name | Reason for Change | Date of Cessation |
|---|---|---|
| Mr. Som Mittal | Cessation on completion of second term | June 06, 2026 |
| Mr. Ravindra Dhariwal | Cessation on completion of second term | June 06, 2026 |
| Mr. Anil Tandon | Cessation on completion of second term | June 06, 2026 |
SFL Stock Price Movement
On Friday, shares of Sheela Foam Limited gained 2.70%, settling at ₹642.75 in a strong market close. The stock experienced heavy activity during the session, with 500,842 shares traded and it briefly dipping to a day low of ₹621.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.