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.

Sheela Foam Limited , a leading manufacturer of mattresses and foam products, has reported strong financial results for the second quarter and first half of fiscal year 2026, demonstrating resilient growth across its business segments.

Financial Highlights

• Consolidated revenue grew by 5% year-on-year to Rs. 1,696.00 crores in Q2 FY26.
• Core EBITDA increased by 31% to Rs. 177.00 crores, with margins exceeding 10% on a consolidated basis.
• The mattress business volume grew by 13% in Q2, with Sleepwell and Kurlon brands growing by 14% and 13% respectively.
• For H1 FY26, mattress volumes increased by 11%, while the foam business registered 8% volume growth.

Operational Performance

Sheela Foam has been actively expanding its retail presence:

• Added 420 net new showrooms in H1 FY26.
• Plans to add another 380 showrooms by the end of FY26, targeting a total of 800 new outlets for the year.

The company's e-commerce segment has also shown significant growth:

• E-commerce revenue for FY25 was Rs. 173.00 crores (Rs. 200.00 crores at dealer price).
• Targeting e-commerce revenue of Rs. 200.00-250.00 crores (Rs. 280.00-290.00 crores at dealer price) for FY26.

Strategic Developments

Kurlon Merger

The merger of Kurlon with Sheela Foam received final NCLT approval, effective October 20, 2023. This strategic move is expected to unlock synergies and drive growth.

Furlenco Investment

Sheela Foam's investment in Furlenco is showing promising results:

• Furlenco achieved a PAT of Rs. 9.00 crores in H1 FY26.
• Currently operating at an exit revenue run rate above Rs. 350.00 crores per annum.
• Furlenco is raising Rs. 125.00 crores in equity, with Sheela Foam contributing Rs. 30.00 crores to limit dilution.

International Expansion

• UAE operations have expanded to seven outlets, one in each emirate.
• Australian and Spanish subsidiaries are approaching double-digit EBITDA levels.

Product Diversification

The company is focusing on expanding its product range, including the Tarang and Aaram mattress lines, which saw a 58% volume growth.

Outlook

Sheela Foam aims to:

• Increase the share of B2C business, which currently stands at 55% of total revenue.
• Grow its e-commerce presence, targeting a 30% market share in the organized online mattress market over the next few years.
• Reduce debt significantly over the next 2-3 years through asset monetization and cash flow generation.

The company's focus on expanding its retail network, strengthening its e-commerce presence, and strategic investments positions it well for continued growth in the competitive mattress and foam market.

Note: All financial figures are in Indian Rupees (INR).