Sheela Foam Ltd. ( (IN:SFL) ) has shared an announcement.
Sheela Foam Ltd. announced the successful passing of an ordinary resolution through a postal ballot, approving related party transactions with its subsidiary, Kurlon Enterprise Limited, for an amount not exceeding Rs. 1250 crores for the financial year 2025-26. This decision, supported by a majority vote, is expected to impact the company’s financial operations and strengthen its market position, reflecting strategic alignment with its subsidiary to enhance business synergies.
More about Sheela Foam Ltd.
Sheela Foam Ltd. operates in the foam industry, primarily known for its Sleepwell brand, offering a range of foam-based products including mattresses and bedding solutions. The company focuses on the Indian market and has a significant presence in the home comfort segment.
YTD Price Performance: -28.02%
Average Trading Volume: 14,689
Current Market Cap: 81.88B INR
See more data about SFL stock on TipRanks’ Stock Analysis page.