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Latest news about Sheela Foam

Sheela Foam Limited Schedules Board Meeting for February 3, 2026 to Approve Q3FY26 Financial Results 2 days ago

Sheela Foam Limited has scheduled its Board of Directors meeting for February 3, 2026, to approve unaudited standalone and consolidated financial results for Q3FY26 and nine months ended December 31, 2025. The notification was issued in compliance with SEBI regulations and communicated to BSE and NSE by Company Secretary Md. Iquebal Ahmad on January 29, 2026.

Sheela Foam Limited Completes Merger of Subsidiary Companies Jan 20, 2026

Prime Focus Limited Announces Statutory Auditor's Conversion to LLP Structure Jan 14, 2026

Sheela Foam Reports Robust Q2 FY26 Performance with Double-Digit EBITDA Margins Nov 11, 2025

Sheela Foam Issues Postal Ballot for Leadership Approval, Reports Q2 FY26 Results Nov 05, 2025

More news about Sheela Foam

05Nov 25

Sheela Foam Forms Amalgamation Committee for Multi-Company Merger Scheme

Sheela Foam Limited is executing a composite scheme of arrangement to merge five companies into Kurlon Enterprise Limited, which will then merge into Sheela Foam. The company has formed an Amalgamation Committee to oversee the process. The scheme has received NCLT approval. Rahul Gautam has been appointed as Chairman and Managing Director, while Tushaar Gautam becomes Vice Chairman and Joint Managing Director. Sheela Foam reported consolidated revenue of ₹874.94 crore and profit of ₹9.96 crore for the period.

04Nov 25

Sheela Foam Invests ₹30 Crore in House Of Kieraya, Strengthening Furniture Business

Sheela Foam Limited, known for Sleepwell mattresses, is investing ₹30 crore in House Of Kieraya (HOK), which operates the Furlenco brand. The investment involves subscribing to 20,09,377 new equity shares at ₹149.30 per share. This strategic move aims to strengthen Sheela Foam's position in the furniture business and expand its market presence. HOK, founded in 2012, is a fast-growing, tech-driven furniture company with operations in major Indian cities. The transaction is expected to be completed by November 30, 2025, and is being conducted as a related party transaction on an arm's length basis.

04Nov 25

Sheela Foam Reports Mixed Q2 Results with Revenue Growth and Profit Decline

Sheela Foam Limited reported mixed financial results for Q2 ending September 30, 2025. Consolidated revenue was ₹874.94 crore, while standalone revenue slightly decreased to ₹566.60 crore. Consolidated profit after tax was ₹9.96 crore, with standalone profit declining 47.20% to ₹5.65 crore. The company recorded exceptional losses of ₹7.84 crore from property sales. The Board approved an amalgamation scheme with subsidiary Kurlon Enterprises Limited. Financial ratios showed potential liquidity and debt servicing challenges.

18Sept 25

Sheela Foam Limited Secures NCLT Approval for Comprehensive Multi-Company Amalgamation

The National Company Law Tribunal (NCLT) Mumbai Bench has approved Sheela Foam Limited's Composite Scheme of Arrangement on September 17, 2025. The scheme involves the merger of five companies into Kurlon Enterprise Limited, which will then merge into Sheela Foam. The arrangement is sanctioned under sections 230 to 232 of the Companies Act, 2013. The scheme will be effective upon filing the certified NCLT order with the Registrar of Companies, Mumbai. Sheela Foam has scheduled investor and analyst meetings from September 23 to September 26, 2025, to maintain stakeholder communication during this restructuring phase.

08Aug 25

Sheela Foam Reports 47% Jump in Core EBITDA to Rs 75 Crores in Q1

Sheela Foam Limited reported robust Q1 results with core EBITDA growing 47% year-on-year to Rs 75.00 crores. EBITDA margins improved to 11.7% from 8.4%. India business revenues reached Rs 644.00 crores, up 5% year-on-year. Mattress volumes grew by 10%, with Sleepwell brand growing 22% and Kurlon 6%. The company signed up 392 new showrooms in Q1. E-commerce business grew 66% year-on-year. Kurlon integration yielded Rs 190.00 crores in cost savings, with an additional Rs 60.00 crores expected by fiscal year-end. The company aims to open 1,000 new showrooms this fiscal year. Small-town initiative products achieved 60% volume growth. Furlenco investment showed promising results with Rs 4.00 crores PAT in Q1.

05Aug 25

Sheela Foam Elevates Rakesh Chahar to Deputy Managing Director

Sheela Foam Limited has designated Rakesh Chahar as Deputy Managing Director (Whole-time Director) with immediate effect. The Board of Directors approved this change based on the Nomination & Remuneration Committee's recommendation. This is a change in designation, not a new appointment, with terms and conditions remaining unchanged from those approved at the August 18, 2022 Annual General Meeting. Sheela Foam recently reported consolidated revenue of ₹821.00 crores and core EBITDA of ₹85.00 crores, showing 42% year-on-year growth.

05Aug 25

Sheela Foam Reports 84% Drop in Q1 Net Profit Despite Revenue Growth

Sheela Foam Limited, maker of Sleepwell mattresses, reported an 84% decline in consolidated net profit to ₹7.43 crore for Q1 ended June 30, despite a slight increase in revenue to ₹821.41 crore. The company maintained a 40.10% operating margin and a debt-equity ratio of 0.45. Domestic sales stood at ₹636.56 crore, while international sales were ₹184.85 crore. Mr. Rakesh Chahar has been appointed as Deputy Managing Director effective August 5.

14May 25

Sheela Foam's Q4 Performance Dips: EBITDA and Net Profit See Significant Decline

Sheela Foam Ltd. maintained stable revenue at ₹8.50 billion in Q4, a slight 0.60% increase year-over-year. However, EBITDA plummeted by 59.06% to ₹330.00 million, with EBITDA margin contracting to 3.88% from 9.53%. Net profit declined significantly by 66.72% to ₹215.00 million compared to the previous year. The company faces profitability challenges despite steady sales, indicating potential cost management issues.