Sheela Foam announced that Nilesh Sevabrata Mazumdar has stepped down from the position of chief executive officer, citing personal reasons.
The resignation came into effect on 1 July 2025.
The companys consolidated net profit tumbled 66.7% to Rs 21.49 crore in Q4 FY25 as against Rs 64.62 crore posted in Q4 FY24. Net sales rose 0.5% year on year to Rs 849.60 in Q4 FY25.
Sheela Foam is a leading player in Indias 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.
Shares of Sheela Foam shed 0.08% to Rs 711 on the BSE.
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