Sheela Foam Board Meeting Outcome
Sheela Foam's board approved appointing three new Independent Directors and re-appointing four Executive Directors. These leadership changes aim to strengthen governance and maintain strategic continuity.
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Sheela Foam's board approved appointing three new Independent Directors and re-appointing four Executive Directors. These leadership changes aim to strengthen governance and maintain strategic continuity.
Sheela Foam recommended a final dividend of ₹1 per equity share for FY 2025-26. The record date will be finalized during the upcoming AGM.
Sheela Foam Limited allotted 4,390 equity shares under its 2022 Employee Stock Option Plan. The allotment increases total share capital to ₹54.60 Crore, reflecting employee incentive execution.
Sheela Foam approved the appointment of three Independent Directors and re-appointed four senior directors. These leadership updates aim to strengthen corporate governance and management stability.
Sheela Foam Ltd reported revenue from operations of ₹1,050 Cr (+23.6% YoY) and net profit of ₹91.8 Cr (+590.2% YoY) for Q4 FY26.
Sheela Foam Ltd reported standalone annual total income of ₹3,002.59 Crore. The board recommended a final dividend of ₹1 per equity share for FY2025-26.
Sheela Foam Limited appointed Mr. Neeraj Jain as an Independent Director for five years effective May 14, 2026. The appointment strengthens board governance with his 35-year financial experience.
Sheela Foam Q3FY26 results highlight successful Kurlon integration with consolidated revenue up 7% YoY and PAT jumping 3x to ₹53cr. Management targets 15% growth and 15% margins long-term.
Sheela Foam Ltd scheduled a board meeting for May 14, 2026. Directors will consider annual audited financial results and a final dividend recommendation.
CRISIL Ratings has revised the outlook on Sheela Foam Limited's Rs.163.27 Crore bank facilities from 'Stable' to 'Positive' while reaffirming the 'CRISIL AA-' rating. This upgrade reflects improved creditworthiness and strong financial performance expectations for the mattress manufacturer.
Sheela Foam Ltd announced that a Trust sold 575 consolidated fractional shares in the open market on April 22, 2026. These shares arose from the merger of Kurlon Enterprise Limited into the company. Net proceeds will be distributed to eligible KEL shareholders based on their fractional entitlements.
Sheela Foam Ltd received listing and trading approval from BSE and NSE for 4,88,146 equity shares. These shares were allotted to Kurlon Enterprise Limited shareholders under a Composite Scheme of Arrangement. The shares are available for trading effective April 22, 2026, and rank pari-passu with existing equity.
Sheela Foam Ltd has completed the full redemption of its Non-Convertible Debentures (ISIN: INE916U08038) amounting to ₹181.25 Crore. Additionally, the company paid ₹7.64 Crore in annual interest. Following this maturity payment on April 06, 2026, the outstanding amount for these securities is nil.