Sheela Foam540203New rating assigned
India Ratings assigns IND AA/Stable/IND A1+ to Rs.180 crore additional bank facilities of Sheela Foam; reaffirms Rs.700 crore
By ScoutQuest · · 1 min read
IND AAAssigned · India Ratings and Research
- Rating Assigned (new facilities)
- IND AA/Stable/IND A1+ on additional bank loan facilities of Rs. 180 crore
- Rating Reaffirmed
- IND AA/Stable/IND A1+ reaffirmed on bank loan facilities of Rs. 700 crore
- Rating Withdrawn
- Non-convertible debentures aggregating to Rs. 181.25 crore (ISIN: INE916U08012) withdrawn as fully redeemed
- Agency
- India Ratings and Research
- Action
- Assigned
India Ratings assigns IND AA/Stable/IND A1+ to Rs.180 crore additional bank facilities of Sheela Foam; reaffirms Rs.700 crore.
NCD date of issuance
NCD maturity date
Draft credit rating communication submitted to be disregarded
Rating letter date
Also from Sheela Foam
India Ratings affirms Sheela Foam bank loans at IND AA/Stable, assigns Rs.180 crore, withdraws NCD ratings
9 Oct 2026
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- Non-convertible debentures withdrawn (fully redeemed)Rs. 181.25 crore
- NCD coupon rate8.45% p.a.
- Non-convertible debentures outstanding/rated amount1812.50 (INR million)
Source: BSE · 13 Oct 2026
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