Sheela Foam Limited announced Mr. Dhruv Chandra Mathur will superannuate and will cease to be Chief Financial Officer effective from 1 June 2021. The Nomination and Remuneration Committee recommended, and the Board approved the elevation of Mr. Davinder Kumar Ahuja as Chief Financial Officer of the Indian Operation of the Company effective from 1 June 2021. The Nomination and Remuneration Committee recommended and the Board approved the appointment of Mr. Nikhil Datye as a Group CFO of the Company He is designated as a Key Managerial Personnel effective from 1 June 2021.