Sheela Foam Limited has officially announced the re-appointment of M S K A & Associates LLP as its Statutory Auditor. The decision, recommended by the Audit Committee and approved by the Board of Directors on May 14, 2026, initiates a second term of five consecutive years for the firm. This appointment spans from the conclusion of the 54th Annual General Meeting until the end of the 59th AGM in 2031, pending shareholder approval.
Continuity in Financial Oversight
Following a review of the company’s financial governance requirements, the Board of Directors of Sheela Foam Limited has confirmed the extension of its engagement with M S K A & Associates LLP. The Chartered Accountant firm, identified by Firm Registration No. 105047W/W101187, will continue to serve as the Statutory Auditor for the company.
Terms of Engagement
The reappointment is structured for a five-year term, ensuring long-term stability in the company’s audit processes. The term officially commences at the conclusion of the company’s 54th Annual General Meeting and is scheduled to conclude at the end of the 59th Annual General Meeting, which is expected to take place in the calendar year 2031.
Approval Process
This decision is subject to the final approval of shareholders during the upcoming Annual General Meeting. This mandate highlights the company’s commitment to maintaining consistent and transparent financial auditing practices throughout the next half-decade.
Source: BSE
