Sheela Foam540203New rating assigned
India Ratings affirms Sheela Foam bank loans at IND AA/Stable, assigns Rs.180 crore, withdraws NCD ratings
IND AAReaffirmed · India Ratings and Research
- Rating Assigned
- IND AA/Stable/IND A1+ on Rs.180 crore additional bank loans
- Rating Reaffirmed
- IND AA/Stable/IND A1+ reaffirmed on Rs.700 crore
- Rating Withdrawn
- NCDs of Rs. 181.25 crore (ISIN INE916U08012) withdrawn as fully redeemed
- Agency
- India Ratings and Research
- Action
- Reaffirmed
India Ratings affirms Sheela Foam bank loans at IND AA/Stable, assigns Rs.180 crore, withdraws NCD ratings.
NCD date of issuance
HOK classified as subsidiary effective
NCD maturity
Letter date
Also from Sheela Foam
Final interest and redemption paid on Unsecured Non-Convertible Debentures; none outstanding
6 Oct 2026
Sheela Foam: Furlenco (House of Kieraya) becomes subsidiary from 1 Oct 2026; stake stays 34.53%, no consideration
1 Oct 2026
More numbers
- Additional bank loan facilities ratedRs. 180 crore
- Existing bank loan facilities reaffirmedRs. 700 crore
- Non-convertible debentures withdrawnRs. 181.25 crore
- Consolidated revenue FY2638,208 (INR million)
- EBITDA margin FY2610.3
- Net leverage FY261.9
- Interest coverage FY264.1
- Total debt repayment obligations FY27INR4,370 million
Source: BSE · 9 Oct 2026
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