Sheela Foam Limited — Others, 11-06-2025: Disclosure under SEBI Takeover Regulations

Sheela Foam has announced a board meeting on the proposed inter-se transfer of 37.98% equity shares among promoter family members through gift transactions. Rahul Gautam, Promoter and Whole-time Director, will acquire 35.98% of shares from his son and wife, while Mrs. Avantika Singh will acquire 2% from her husband. This family succession move won’t affect the overall promoter group holding and involves off-market, nil consideration transactions, ensuring continuity in promoter control.