Sheela Foam: The status of House of Kieraya Limited has changed from jointly controlled entity to a subsidiary of the…
Sheela Foam (SFL) filed a disclosure titled "The status of House of Kieraya Limited has changed from jointly controlled entity to a subsidiary of the Company". The company is valued at about ₹6,896 crore.
What happened
Sheela Foam (SFL) filed a disclosure with the exchanges on 1 October 2026 at 03:40 PM titled "The status of House of Kieraya Limited has changed from jointly controlled entity to a subsidiary of the Company".
Company snapshot
Sheela Foam is a small-cap company in the Consumer Durables sector, with a market value of about ₹6,896 crore.
The stock last traded at ₹631.5, against a 52-week range of ₹456.8–₹832.5 (24.1% below the high).
Before this filing the shares had moved −1.6% over the month and −17.2% over three months. Average daily turnover over the last 20 sessions was about ₹19.76 crore.
Promoters held 65.39% at the end of Q1 FY27, down 0.30% points from the previous quarter. Foreign institutions owned 4.17% and domestic institutions 18.52%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 821 | 7.4 | 0.68 |
| Q2 FY26 | 875 | 9.7 | 0.88 |
| Q3 FY26 | 1,074 | 52.1 | 4.77 |
| Q4 FY26 | 1,050 | 91.3 | 8.36 |
| Q1 FY27 | 1,032 | 61.4 | 5.63 |
What history shows
BCEIE has no earlier m&a filing from this company on record since May 2026.
Across 28 similar disclosures by other Consumer Durables companies, shares moved +0.0% on average the next day and +0.7% over five days; 50% of them rose the next day.
Market-wide, 1,931 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 50% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- Sheela Foam shareholders approve Avantika Singh Gautam as non-executive director
- Sheela Foam NSE:SFL Trading Window Closed Oct 2026
- Sheela Foam Shareholders Clear Appointment of New Non-Executive Director via Postal Ballot
- Sheela Foam to host virtual investor meeting on September 29
- Sheela Foam (NSE: SFL) Investor Meeting and Q1 FY27 Financial Performance Overview
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.