SFL

Jan 31 (Reuters) - Sheela Foam Ltd SHEF.NS:

• DEC-QUARTER CONSOL NET PROFIT 187.8 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.67 BILLION RUPEES

Source text: ID:nBSE1nS84d

Further company coverage: SHEF.NS

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Nov 27 (Reuters) - Sheela Foam Ltd SHEF.NS:

• BSE, NSE ISSUE NO ADVERSE OBSERVATIONS FOR SHEELA FOAM SCHEME WITH KURLON

Source text: ID:nBSEbhZtbm

Further company coverage: SHEF.NS

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Oct 29 (Reuters) - Sheela Foam Ltd SHEF.NS:

• SEPT-QUARTER CONSOL NET PROFIT 98.1 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.13 BILLION RUPEES

Source text: [ID:]

Further company coverage: SHEF.NS

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Oct 8 (Reuters) - Sheela Foam Ltd SHEF.NS:

• APPROVED SUBSEQUENT INVESTMENT IN HOUSE OF KIERAYA

• DEAL FOR 1.07 BILLION RUPEES

Source text for Eikon: ID:nBSEb6PDrd

Further company coverage: SHEF.NS

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** Shares of Sheela Foam SHEF.NS rose as much as 7.8% before trimming gains, last up 2.2% to 944.65 rupees

** Mattress-maker's Q4 profit climbed ~50% Y/Y

** Furniture-maker peers Avro India AVRI.NS and Shashwat Furnishing Solutions SASW.BO to both report results next week

** YTD, SHEF down 23.8%; AVRI and SASW up 17.5% and 3% respectively

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

May 21 (Reuters) - Sheela Foam Ltd SHEF.NS:

• SHEELA FOAM LTD MARCH-QUARTER CONSOL NET PROFIT 646.2 MILLION RUPEES VERSUS 432.3 MILLION RUPEES

• SHEELA FOAM LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 8.45 BILLION RUPEES VERSUS 7.29 BILLION RUPEES

Source text for Eikon: ID:nBSE2CsCj8

Further company coverage: SHEF.NS

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** Shares of Sheela Foam SHEF.NS rise as much as 6.6% before trimming gains to trade 3.1% higher

** Home furnishings co says it has been awarded compensation of 213.9 mln rupees ($2.6 mln) in insurance claim matter

** Adds compensation awarded with 10% interest from the date of rejection of claim

** Stock on track for best one-day rise since Jan. 31

** SHEF set to snap 11 straight weekly losses

** Trading vol is 4.4x the 30-day daily avg, tops vols of 340,000 for the second time in 2024

** Stock fell 4.5% in 2023

($1 = 83.4100 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected] ;))

** Shares of International Conveyors ICON.NS up 7.2% at 84.55 rupees, retreat from session's high of 8.7%

** ICON bought stake in home furnishing co Sheela Foam SHEF.NS for 31.4 mln rupees ($378,017)

** Stock has gained ~11% so far this week, on track to snap five straight weekly losses

** ICON stock has fallen 7% YTD

($1 = 83.0650 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

March 20 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED EQUITY SHARES OF SHEELA FOAM

• 33,570 EQUITY SHARES ACQUIRED OF SHEELA FOAM

Source text for Eikon: ID:nBSE2LvMmW

Further company coverage: ICON.NS

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March 1 (Reuters) - Sheela Foam Ltd SHEF.NS:

• COMPLETED PURCHASE OF LAND, BUILDING IN GUJRAT FOR 412.1 MILLION RUPEES

Source text for Eikon: ID:nBSE8y13wV

Further company coverage: SHEF.NS

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Feb 9 (Reuters) - Sheela Foam Ltd SHEF.NS:

• NCLT APPROVED SCHEME OF AMALGAMATION OF INTERNATIONAL COMFORT TECHNOLOGIES WITH CO

Source text for Eikon: ID:nBSE4qCyZl

Further company coverage: SHEF.NS

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Feb 6 (Reuters) - Sheela Foam Ltd SHEF.NS:

• DEC-QUARTER CONSOL NET PROFIT 307.5 MILLION RUPEES VERSUS PROFIT 605.3 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.79 BILLION RUPEES VERSUS 7.61 BILLION RUPEES

Source text for Eikon: ID:nBSE560Qt9

Further company coverage: SHEF.NS

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Dec 4 (Reuters) - Sheela Foam Ltd SHEF.NS:

• S. R. BATLIBOI & ASSOCIATES LLP, STATUTORY AUDITOR OF UNIT KURLON ENTERPRISE RESIGNED

Source text for Eikon: ID:nBSE4L0VFD

Further company coverage: SHEF.NS

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** Sheela Foam's shares SHEF.NS fall 2.3% to 1,074.80 rupees

** The maker of Sleepwell mattress reports 17% drop in consolidated net profit, hurt by fall in demand

** Consol rev from ops down 10.2%

** Stock down ~18% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Nov 2 (Reuters) - Sheela Foam Ltd SHEF.NS:

• APPROVED RESIGNATION OF RAHUL GAUTAM AS MANAGING DIRECTOR

• APPOINTS TUSHAAR GAUTAM AS MANAGING DIRECTOR

Source text for Eikon: ID:nBSE58LQH1

Further company coverage: SHEF.NS

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Oct 20 (Reuters) - Sheela Foam Ltd SHEF.NS:

• COMPLETED ACQUISITION OF 94.66% STAKE OF KURLON ENTERPRISE FOR ABOUT 20.35 BILLION RUPEES

Source text for Eikon: ID:nBSE6N03Yk

Further company coverage: SHEF.NS

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Oct 6 (Reuters) - Sheela Foam Ltd SHEF.NS:

• SHEELA FOAM LTD- APPROVED ALLOTMENT OF NON-CONVERTIBLE DEBENTURES UPTO 7.25 BILLION RUPEES TO PRIVATE INVESTORS

Source text for Eikon: ID:nNSE31Wf5P

Further company coverage: SHEF.NS

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** Shares of mattress maker Sheela Foam SHEF.NS fall as much as 4.2% to 1,062 rupees, lowest since June 12

** Co said on Wednesday it received show cause cum demand notice from the Commissioner of GST Intelligence alleging 202.6 mln rupees ($2.4 mln) tax payment

** Notice alleges co wrongly availed transitional input credit and other input tax credit of GST

** Stock last down 2.3%, taking YTD falls to ~17%

($1 = 83.2360 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

Oct 4 (Reuters) - Sheela Foam Ltd SHEF.NS:

• SHEELA FOAM LTD - GETS A SHOW CAUSE CUM DEMAND NOTICE FROM COMMISSIONER OF GST INTELLIGENCE, GAUTAM BUDH NAGAR, GREATER NOIDA

• SHEELA FOAM LTD - SHOW CAUSE CUM DEMAND NOTICE ALLEGING A TAX DEMAND OF 202.6 MILLION RUPEES

Source text for Eikon: ID:nBSE6ZFKRv

Further company coverage: SHEF.NS

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MUMBAI, Sept 27 (Reuters) - India's Sheela Foam SHEF.NS plans to raise up to 7.25 billion rupees ($87.1 million) through a sale of separately transferable redeemable principal part bonds maturing in 18 months to three years, two merchant bankers said on Wednesday.

The foam and mattress manufacturer will pay a coupon of 8.45% and has invited bids from bankers and investors on Oct. 5, they said.

Here is a list of deals reported so far on Sept. 27:

* Size includes base plus greenshoe for some issues

($1 = 83.2049 Indian rupees)

(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Dhanya Ann Thoppil)

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By Bhakti Tambe

MUMBAI, Sept 25 (Reuters) - India's Sheela Foam SHEF.NS is likely to raise 6 billion rupees ($72.19 million) through the sale of bonds maturing in three and five years marking its maiden bond issue, two merchant bankers said on Monday.

The foam and mattress manufacturer may invite coupon and commitment bids for the issue in the next two weeks, they added.

The proposed bonds are rated AA by India Ratings and the fundraising comes at a time when the company has announced that it plans to acquire 94.66% shares of Kurlon Enterprises and around 35% of House of Kieraya in July.

These acquisitions would be funded through a mix of debt, equity raise through qualified institutional placement, and the rest through internal accruals, India Ratings said in a rating note on Monday.

Sheela Foam did not immediately respond to a Reuters' request for comment and is yet to formally announce the bond sale.

($1 = 83.1100 Indian rupees)

(Reporting by Bhakti Tambe; Editing by Nivedita Bhattacharjee)

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Sept 20 (Reuters) - Sheela Foam Ltd SHEF.NS:

• APPROVED FLOOR PRICE OF 1,133.99 RUPEES PER SHARE FOR QUALIFIED INSTITUTIONS PLACEMENT

Source text for Eikon: ID:nBSE9xwD9M

Further company coverage: SHEF.NS

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Sept 14 (Reuters) - Sheela Foam Ltd SHEF.NS:

• COMPLETED ACQUISITION OF 35% STAKE IN FURLENCO FOR AGGREGATE CONSIDERATION OF 3 BILLION RUPEES

Source text for Eikon: ID:nBSE5D08Lk

Further company coverage: SHEF.NS

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July 27 (Reuters) - Sheela Foam Ltd SHEF.NS:

• TO CONSIDER RAISING OF FUNDS BY WAY OF ISSUANCE OF DEBT SECURITIES

Source text for Eikon: ID:nBSE9lrhxQ

Further company coverage: SHEF.NS

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** Shares of Sheela Foam SHEF.NS up as much as 15.4% at 1,369.95 rupees, touching their highest since Dec. 21, 2022

** Stock posts biggest intraday pct gain since June 12, on track for a third consecutive session of gains, if trends hold

** The mattress maker said it will buy a nearly 95% stake in rival Kurlon for 21.5 billion rupees ($262.27 million) in a cash deal and the acquisition will be completed by Nov. 30

** The company will also acquire about 35% in furniture rental company Furlenco for 3 billion rupees ($36.60 million)

** More than 626,000 shares change hands by 9:31 a.m. IST, 3.6x the 30-day avg - Refinitiv Data

($1 = 81.9760 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of mattress maker Sheela Foam Ltd SHEF.NS up nearly 10% at 1,231 rupees

** SHEF will now buy Kurlon Enterprise for 21.50 bln rupees (~$262 mln) in a single transaction, Moneycontrol reports

** SHEF was earlier supposed to buy Kurlon in two tranches for a total cash consideration of 32.50 bln rupees

** Trading volume as of 1:15 p.m. IST is 2.2x the 30-day avg

** Despite the jump, the stock is still down ~3% since Dec. 28, when media reports of the deal first broke

($1 = 82.1250 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]))

** Shares of Sheela Foam Ltd SHEF.NS rise as much as 2.9% to 1,250 rupees

** The mattress maker provided clarification on Moneycontrol's news report on Wednesday that said co is going to buy Kurlon Enterprises for 32.50 billion rupees ($396.14 million)

** SHEF says that it is looking into several expansion opportunities and is in discussion with various parties, including Kurlon Enterprises

** SHEF's Moving Average Convergence Divergence (MACD) line has been over the signal line since June 9, suggesting bullish momentum

** Relative Strength Index (RSI) climbs above 70, indicating the stock is overbought

** About 159,229 shares change hands by 1:50 p.m. IST, 1.2x the 30-day avg - Refinitiv Data

** Stock last up 0.7%, cutting YTD losses to 5.9%

($1 = 82.0409 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

(([email protected]))

BENGALURU, June 28 (Reuters) - India's Sheela Foam SHEF.NS will acquire rival Kurlon Enterprise for a cash consideration of 32.50 billion rupees ($396.37 million), Moneycontrol reported on Wednesday, citing a person familiar with the matter.

($1 = 81.9950 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)

(([email protected]; Twitter: @MukherjeeHritam;))

May 18 (Reuters) - Sheela Foam Ltd SHEF.NS:

• SHEELA FOAM LTD - APPOINTED AMIT KUMAR GUPTA AS GROUP CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE5CdFFf

Further company coverage: SHEF.NS

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May 17 (Reuters) - Sheela Foam Ltd SHEF.NS:

• MARCH-QUARTER CONSOL NET PROFIT 448.1 MILLION RUPEES VERSUS 492.3 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.29 BILLION RUPEES VERSUS 7.37 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SHEF.NS

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