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Thursday 03 Jul, 2025 06:21 PM

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Saravan Stocks

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Sheela Foam CEO Nilesh Sevabrata Mazumdar resigns due to personal reasons

03-Jul-25 10:24 Hrs IST

The resignation came into effect on 1 July 2025.

The company's 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 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.

Shares of Sheela Foam shed 0.08% to Rs 711 on the BSE.

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