Sheela Foam Limited has announced the successful completion of a merger between two of its wholly owned subsidiaries, marking a significant corporate restructuring within the company's subsidiary framework.

Merger Details and Regulatory Approval

The merger involves the amalgamation of Staqo World Private Limited with Staqo Software Private Limited, both wholly owned subsidiaries of Sheela Foam Limited. The transaction received formal approval from the National Company Law Tribunal (NCLT), New Delhi, through an order dated November 21, 2025.

Regulatory Compliance and Documentation

The company has completed all necessary regulatory formalities for the merger. The final step involved filing Form INC-28 with the Registrar of Companies, which received approval on January 19, 2026. This completion makes the merger scheme fully effective under applicable corporate laws.

Following the scheme's effectiveness, Staqo World Private Limited now stands completely amalgamated with Staqo Software Private Limited, consolidating the operations of both entities under a single corporate structure.

Impact on Parent Company

Sheela Foam Limited has specifically clarified that this subsidiary merger has no impact on several key aspects of the parent company:

• Share capital structure remains unchanged
• Shareholding pattern continues unaffected
• Financial position of the parent company remains intact

The merger is confined entirely to the subsidiary level operations and does not alter any fundamental aspects of Sheela Foam Limited's corporate structure or financial standing.

Corporate Communication

The announcement was made through a formal communication to stock exchanges, including BSE Limited and National Stock Exchange of India Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Md. Iquebal Ahmad, Company Secretary & Compliance Officer, ensuring proper regulatory disclosure protocols were followed.

Prime Focus Limited has notified stock exchanges regarding a structural change in its statutory auditor's business organization. The company announced on January 14, 2026, that its auditing firm has converted from a traditional partnership to a Limited Liability Partnership structure.

Auditor Conversion Details

The statutory auditors M S K A & Associates, Chartered Accountants formally converted their firm structure under the Limited Liability Partnership Act, 2008. The conversion details are outlined below:

Continuity of Audit Services

The auditing firm has assured Prime Focus Limited that the conversion will not impact their professional obligations. M S K A & Associates LLP will continue to function and discharge their responsibilities as statutory auditors for the remaining period of their appointment tenure. This ensures seamless continuity in the company's audit processes without any disruption to statutory compliance requirements.

Regulatory Compliance

Prime Focus Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary and compliance officer Parina Shah signed the intimation letter, ensuring proper notification to both BSE Limited and National Stock Exchange of India Limited.

Corporate Communication

The formal communication was digitally signed and submitted to stock exchanges on January 14, 2026. This announcement reflects the company's commitment to maintaining transparency with stakeholders regarding changes that may affect its corporate governance structure, even when such changes do not materially impact business operations.