Interim report
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SHEELA FOAM LTD. #14, Sleepwell Tower, Sector 135, Noida- 201301 Ph: Int-91-120-4868400 •Email: investorrelation@sheelafoam.com • contactus@sheelafoam.com Regd. Office: 1002 to 1006 The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra, India, 400059 • Ph: Int-91-22-28265686/88/89 Toll Free: 1800 103 6664 • www.sleepwellproducts.com • www.sheelafoam.com CIN- L74899MH1971PLC427835 November 02, 2026 To, The BSE Limited The National Stock Exchange India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai-400001 Bandra (E), Mumbai-400051 Scrip code: 540203 NSE Symbol: SFL Subject: Outcome of the Board Meeting and Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 Dear Sir/Madam, In terms of Regulations 30, 33, 52, and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the related circulars and notifications, please find enclosed herewith the Un-Audited Standalone and Consolidated Financial Results, along with the line item as per Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter and half-year ended September 30, 2026, as approved by the Board of Direct ors at its meeting held on November 02, 2026. Further, pursuant to the provisions of Regulation 54 of the SEBI Listing Regulations, 2015, a NIL certificate of Security Cover in respect of Unsecured, Redeemable, Listed, Taxable Non-Convertible Debentures is also enclosed. The Board Meeting commenced at 02:15 PM and concluded at 06:45 PM. Thanking You, Yours truly, For Sheela Foam Limited (Md. Iquebal Ahmad) Company Secretary & Compliance Officer
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Magnum Global Park Unit No-2101-2115A & B, Floor 21 Sector-58, Arch View Drive Gurugram 122011, INDIA Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra, India Tel: +91 22 6974 0200 | LLPIN: ACT-3789 Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in Independent Auditor’s Review Report on Standalone unaudited financial results of Sheela Foam Limited for the quarter and year to date ended September 30, 2026 pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors of Sheela Foam Limited 1. We have reviewed the accompanying Statement of standalone unaudited financial results of Sheela Foam Limited (hereinafter referred to as ‘the Company’) for the quarter ended September 30, 2026 and the year to-date results for the period from April 01, 2026 to September 30, 2026 (‘the Statement’) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (‘the Regulations’). 2. This Statement, which is the responsibility of Company’s Management and has been approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ‘Interim Financial Reporting’, prescribed under Section 133 of the Companies Act, 2013 (‘the Act’), read with relevant rules issued thereunder (‘Ind AS 34’), and other recognised accounting principles generally accepted in India , and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion . 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement. For M S K A & Associates LLP (Formerly known as M S K A & Associates) Chartered Accountants ICAI Firm Registration No.105047W/W101187 Nipun Gupta Partner Membership No.: 502896 UDIN: 26502896DVWYWV3968 Place: Gurugram Date: November 02, 2026 Nipun Gupta Digitally signed by Nipun Gupta Date: 2026.11.02 16:19:20 +05'30'
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(₹ in Crores, Except per share data) Year Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Income a) Revenue from operations 781.27 760.92 666.80 1,542.19 1,301.43 2,962.27 b) Other Income 11.10 13.63 7.69 24.73 16.04 40.32 Total Income [(a) + (b)] 792.37 774.55 674.49 1,566.92 1,317.47 3,002.59 II Expenses a) Cost of materials consumed 468.57 461.88 397.81 930.45 731.13 1,598.62 b) Purchase of stock-in-trade 21.64 21.13 12.80 42.77 39.81 100.31 c) Changes in inventories of finished goods, stock-in-trade and work-in-progress (16.47) (7.87) (36.65) (24.34) (44.36) (7.73) d) Other manufacturing expenses 29.39 26.97 27.03 56.36 55.70 113.04 e) Employee benefits expenses 81.50 75.42 70.84 156.92 145.35 322.58 f) Finance costs 12.22 12.28 21.76 24.50 44.56 70.98 g) Depreciation and amortisation expenses 17.62 17.24 32.75 34.86 62.66 110.20 h) Other expenses 135.75 115.01 132.33 250.76 250.91 537.85 Total Expenses [(a) to (h)] 750.22 722.06 658.67 1,472.28 1,285.76 2,845.85 III Profit before tax and Exceptional Items (I-II) 42.15 52.49 15.82 94.64 31.71 156.74 IV Exceptional items - (6.26) 7.84 (6.26) 7.84 (7.93) V Profit before tax (III-IV) 42.15 58.75 7.98 100.90 23.87 164.67 VI Tax expenses Current tax - - - - - - Earlier tax adjustment - 0.02 0.25 0.02 0.25 (9.44) Deferred tax 11.31 14.79 2.08 26.10 7.27 43.54 Total Tax Expenses 11.31 14.81 2.33 26.12 7.52 34.10 VII Profit for the period/year (V-VI) 30.84 43.94 5.65 74.78 16.35 130.57 VIII Other Comprehensive Income/(Loss) (a) Items that will not be reclassified to profit or loss Remeasurements gain/(loss) of net defined benefit plans 1.53 (2.19) 1.78 (0.66) 0.70 (1.29) Income tax effect on above - - - - - - (b) Items that will be reclassified to profit or loss Fair value gain/(loss) on investments and other financial instruments (0.68) (0.76) 0.01 (1.44) (0.16) (0.80) Income tax effect on above - - - - - - Total Other Comprehensive Income/(Loss) for the period/year (a+b) 0.85 (2.95) 1.79 (2.10) 0.54 (2.09) IX Total Comprehensive Income for the period/year (VII+VIII) 31.69 40.99 7.44 72.68 16.89 128.48 X Paid up Equity Share Capital (Face value of ₹ 5/- each) 54.60 54.60 54.60 54.60 54.60 54.60 XI Other Equity 2,857.58 XII Earning per share (not annualised) Basic 2.82 4.02 0.52 6.85 1.50 11.96 Diluted 2.82 4.02 0.52 6.84 1.49 11.93 Notes: 1 2 Regd. office: 1002 to 1006, The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra - 400059 SHEELA FOAM LIMITED Sr. No. Particulars Quarter Ended These standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards - 34 'Interim Financial Reporting' as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. Half Year Ended UNAUDITED STATEMENT OF STANDALONE FINANCIAL RESULTS FOR QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 CIN- L74899MH1971PLC427835 Tel: Int-91(0)-22-28265686/88/89, Email - investorrelation@sheelafoam.com Corporate Office: Sleepwell Tower, Plot No.-14, Sector 135, Noida, Gautam Budh Nagar (U.P) - 201301 These standalone financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors, in their respective meetings held on November 02, 2026. The above unaudited standalone results of Sheela Foam Limited are available on our website www.sheelafoam.com and on the stock exchange websites www.nseindia.com and www.bseindia.com.
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3 Year Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) a) ** Net Worth (₹ in Crores) 2,976.72 2,954.72 2,796.91 2,976.72 2,796.91 2,912.18 b) Outstanding Unsecured Non-convertible Debentures (₹ in Crores) 181.25 181.25 543.75 181.25 543.75 362.50 c) Debt service coverage ratio (Number of times, Not annualised) 0.20 0.20 0.13 0.42 0.25 0.68 d) Interest service coverage ratio (Number of times) 4.45 5.27 1.73 4.86 1.71 3.21 e) Debt equity ratio (Number of times) 0.16 0.15 0.27 0.16 0.27 0.16 f) Current Ratio (Number of times) 0.87 0.79 0.81 0.87 0.81 0.73 g) Long term debt to working capital ratio (Number of times) (3.11) (1.34) (3.25) (3.11) (3.25) (1.57) h) Bad debts to Account receivable ratio (%) 0.1% 0.0% 0.0% 0.1% 0.0% 0.0% i) Current liability ratio (Number of times) 0.82 0.88 0.76 0.82 0.76 0.89 j) Total debts to total assets (Number of times) 0.11 0.11 0.18 0.11 0.18 0.11 k) Debtors Turnover Ratio (Number of times, Not annualised) 2.67 2.72 3.24 5.21 5.89 11.80 l) Inventory Turnover Ratio (Number of times, Not annualised) 1.69 1.78 1.55 3.41 2.95 6.86 m) Basic EPS (In ₹ Not annualised) 2.82 4.02 0.52 6.85 1.50 11.96 n) Diluted EPS (In ₹ Not annualised) 2.82 4.02 0.52 6.84 1.49 11.93 o) Operating margin (%) 35.6% 34.0% 39.9% 34.8% 39.9% 39.1% p) Net profit margin (%) 3.9% 5.8% 0.8% 4.8% 1.3% 4.4% Formulas for computation of ratios are as follows:- Profit before tax + Finance costs + Depreciation Finance cost + Borrowings (Current) + Lease Liabilities (Current) Earnings before interest, tax and exceptional items Finance cost Total Borrowings + Total Lease Liabilities Equity Share Capital + Other Equity Current Assets Current Liabilities Non-Current Borrowings + Non-Current Lease Liabilities + Current Maturities of Long term borrowings and Lease liabilities Current Assets - Current Liabilities Bad Debts Average Trade Receivables Total Current liabilities Total liabilities Total Borrowings + Total Lease Liabilities Total Assets Revenue from operations Average Trade receivables *Cost of Goods sold Average Inventories Revenue from operations - *Cost of Goods sold Revenue from operations Profit After Tax (after exceptional item) Revenue from operationsNet profit margin Inventory Turnover Ratio Operating margin Long term debt to working capital ratio Bad debts to Account receivable ratio Current liability ratio Total debts to total assets Particulars Debtors Turnover Ratio Debt service coverage ratio Interest service coverage ratio Debt equity ratio Current Ratio Quarter Ended Notes:- * Cost of goods sold includes Cost of materials consumed, Purchases of Stock-in-trade, Changes in Inventories of Finished Goods, Stock-in-trade and Work-in-progress and Other manufacturing expenses. ** Net worth has been computed on the basis as stated in Clause(2) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations 2015 i.e. Net worth as defined in subsection (57) of section 2 of the Companies Act, 2013. Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 : Half Year Ended
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4 5 6 7 8 For Sheela Foam Limited (Rahul Gautam) Place: Noida Managing Director Date: November 02, 2026 DIN : 00192999 The Company is engaged in the manufacturing of the products of same type/class and has no overseas operations/units and as such there are no reportable segments as per Indian Accounting Standard for Operating Segments (Ind AS 108), prescribed, under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder. Exceptional items: a) Results for the year ended March 31, 2026 includes net gain of ₹ 7.93 Crores on account of sale of certain land and buildings situated at: - Roorkee, Uttarakhand - Dabaspet, Bangalore - Jhagadia, Gujarat b) Results for the quarter ended June 30, 2026 and period ended September 30, 2026 includes gain of ₹ 6.26 Crores on account of sale of certain land and building situated at Haridwar, Uttarakhand which was already classified under “Assets held for sale". c) Results for the quarter and period ended September 30, 2025 includes net loss of ₹ 7.84 Crores on account sale of certain land and building situated at: - Roorkee, Uttarakhand - Somapura Hobli, Bangalore Subsequent to the current quarter, the Company has fully repaid its listed unsecured Non-convertible debentures along with accrued interest on October 06, 2026. Figures for previous periods/ year have been regrouped/ reclassified wherever necessary to correspond with the current quarter's classification. The Company had acquired equity stake on August 29, 2023 in 'House of Kieraya Limited (Furlenco)' during the year ended March 31, 2025. Subsequently to the current quarter, the Company entered into an amendment agreement on October 01, 2026 with House of Kieraya Limited and its significant shareholders to amend the Affirmative Vote Matters in the Shareholders’ Agreement initially executed on July 17, 2023. Consequent to this transaction, the status of House of Kieraya Limited has changed from a jointly controlled entity to a subsidiary of the Company w.e.f. October 01, 2026 and accordingly, no impact has been considered in the results of the quarter and period ended September 30, 2026. RAHUL GAUTAM Digitally signed by RAHUL GAUTAM DN: c=IN, o=Personal, pseudonym=xd2q4rn9t30lv1yea7jgkshw5ofipzb8, 2.5.4.20=ee2ca42b9f405268d3aa6fa3be748bf0d105 af1b10ad419f4288255315fdb760, postalCode=110001, st=Delhi, serialNumber=28500fcdca019045ffe50583c0b6822 3d81dfd566290fc9a5a825e32c57073b2, cn=RAHUL GAUTAM Date: 2026.11.02 15:48:27 +05'30'
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(₹ in Crores) Particulars As at September 30, 2026 As at March 31, 2026 (Unaudited) (Audited) ASSETS Non-current assets Property, plant and equipment 761.94 754.06 Right-of-use assets 105.36 92.53 Capital work-in-progress 31.39 25.20 Intangible assets 1,426.71 1,430.16 Investment property 2.67 2.70 Investments in Subsidiaries and Joint venture 664.36 655.97 Financial assets (i) Loans 119.97 113.79 (ii) Other financial assets 47.62 48.19 Non current tax assets (net) 81.88 113.23 Deferred Tax Asset 70.83 96.93 Other non-current assets 7.74 7.64 Total non-current assets 3,320.47 3,340.40 Current assets Inventories 310.65 279.71 Financial assets (i) Investments 120.19 127.92 (ii) Trade receivables 308.74 283.36 (iii) Cash and cash equivalents 5.02 9.34 (iv) Bank balances other than cash and cash equivalents 1.40 2.31 (v) Loans 1.98 1.71 (vi) Other financial assets 33.83 24.62 Other current assets 89.44 82.42 Total current assets 871.25 811.39 Assets held for sale/Assets included in disposal group held for sale - 9.94 Total assets 4,191.72 4,161.73 EQUITY AND LIABILITIES Equity Equity share capital 54.60 54.60 Other equity 2,922.12 2,857.58 Total equity 2,976.72 2,912.18 Liabilities Non-current liabilities Financial liabilities (i) Borrowings 74.67 - (ii) Lease liabilities 58.99 46.58 (iii) Other financial liabilities 46.80 48.77 Provisions 3.52 3.51 Other non current liabilities 32.09 43.73 Total non current liabilities 216.07 142.59 Current liabilities Financial liabilities (i) Borrowings 322.88 411.29 (ii) Lease liabilities 18.56 17.14 (iii) Trade payables - Total outstanding dues of micro enterprises and small enterprises 56.96 77.83 - Total outstanding dues of creditors other than micro enterprises and small enterprises 275.26 249.04 (iv) Other financial liabilities 216.73 212.60 Provisions 33.61 35.64 Other current liabilities 74.93 103.42 Total current liabilities 998.93 1,106.96 Total liabilities 1,215.00 1,249.55 Total equity and liabilities 4,191.72 4,161.73 For Sheela Foam Limited (Rahul Gautam) Place: Noida Managing Director Date: November 02, 2026 DIN : 00192999 UNAUDITED STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 Regd. office: 1002 to 1006, The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra - 400059 Corporate Office: Sleepwell Tower, Plot No.-14, Sector 135, Noida, Gautam Budh Nagar (U.P) - 201301 Tel: Int-91(0)-22-28265686/88/89, Email - investorrelation@sheelafoam.com SHEELA FOAM LIMITED CIN- L74899MH1971PLC427835 RAHUL GAUTAM Digitally signed by RAHUL GAUTAM DN: c=IN, o=Personal, pseudonym=xd2q4rn9t30lv1yea7jgkshw5ofipzb8, 2.5.4.20=ee2ca42b9f405268d3aa6fa3be748bf0d105af1b1 0ad419f4288255315fdb760, postalCode=110001, st=Delhi, serialNumber=28500fcdca019045ffe50583c0b68223d81df d566290fc9a5a825e32c57073b2, cn=RAHUL GAUTAM Date: 2026.11.02 15:49:00 +05'30'
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(₹ in Crores) Particulars For the half year ended September 30, 2026 For the half year ended September 30, 2025 A. Cash flow from operating activities Profit before tax and exceptional items 94.64 31.71 Adjustments for: Depreciation and amortisation expense 34.86 62.66 Finance costs 24.50 44.56 Gain on termination of lease - (0.09) Liabilities/provisions no longer required written back - (0.69) Provision for warranty 11.89 - Expenses on employees stock option schemes 2.78 3.60 Amortisation of Government grants 1.62 (2.48) Advances/balances written off 0.19 0.04 Fair value (gain)/loss on investments (net) (4.54) 4.23 Profit on sale of investments (net) (0.85) (5.49) Loss on sale of property, plant and equipment (net) 0.95 2.26 Net (gain)/loss on foreign currency forward contracts (0.25) 14.26 Unrealised foreign exchange (gain) (net) (2.26) (0.98) Rental income (short term lease) (0.87) (0.88) Interest income on income tax refund (2.26) - Interest income (5.75) (5.40) Operating profit before working capital changes 154.65 147.31 Changes in working capital: (Increase) in Inventories (30.97) (38.38) (Increase) in loans and trade receivables (25.76) (4.72) (Increase) in other financial and non-financial assets (15.74) (4.40) Increase in trade payables 6.54 20.95 (Decrease) in other financial liabilities, non-financial liabilities and provisions (41.06) (43.25) Cash generated from operations 47.66 77.51 Income tax paid (net of refunds) 33.59 (20.33) Net cash flow generated from operating activities (A) 81.25 57.18 B. Cash flow from investing activities (36.57) (54.72) 2.55 22.68 (Decrease) in creditors for capital goods (net of capital advances) (2.09) (1.48) Investment in shares of Subsidiaries (net) (8.39) (5.59) Proceeds from debentures and mutual funds (net) 13.12 226.91 Loans given to Subsidiary Company (6.39) (6.23) Proceeds from/(Investment) in Bank deposits 0.91 (0.02) Rental income (short term lease) 0.87 0.88 Interest income received 1.93 3.76 Net cash flow generated from/(used in) investing activities (B) (34.06) 186.19 C. Cash flow from financing activities Net Proceeds from issuance of equity share capital on exercise of employee share options - 0.01 Repayment of Non-convertible debentures (including interest) (188.88) (188.81) Repayment of long term borrowings (9.66) (26.34) Proceeds of long term borrowings 112.00 - Proceeds/(Repayment) of short term borrowings (including working capital loan) 66.00 (15.00) Payment of lease liabilities (principal and interest) (12.22) (10.01) Dividend paid on equity shares (10.92) - Finance costs (7.83) (18.29) Net cash flow/(used in) Financing Activities (C) (51.51) (258.44) Net (decrease) / increase in cash and cash equivalents (A+B+C) (4.32) (15.07) Cash and cash equivalents at the beginning of the year 9.34 28.49 Cash and cash equivalents at the end of the year 5.02 13.42 Notes to statement of cash flows : Components of cash and cash equivalents as under : Cash on hand 0.29 0.28 Deposits having original maturity of less than 3 months 0.01 0.01 Balance with banks in current accounts 4.72 13.13 5.02 13.42 For Sheela Foam Limited (Rahul Gautam) Place: Noida Managing Director Date: November 02, 2026 DIN : 00192999 Proceeds from sale of property, plant and equipment SHEELA FOAM LIMITED Regd. office: 1002 to 1006, The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra - 400059 Corporate Office: Sleepwell Tower, Plot No.-14, Sector 135, Noida, Gautam Budh Nagar (U.P) - 201301 Tel: Int-91(0)-22-28265686/88/89, Email - investorrelation@sheelafoam.com CIN- L74899MH1971PLC427835 UNAUDITED STATEMENT OF STANDALONE CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 Purchase of property, plant and equipment and change in capital work-in-progress RAHUL GAUTAM Digitally signed by RAHUL GAUTAM DN: c=IN, o=Personal, pseudonym=xd2q4rn9t30lv1yea7jgkshw5ofipzb8, 2.5.4.20=ee2ca42b9f405268d3aa6fa3be748bf0d105af1b10a d419f4288255315fdb760, postalCode=110001, st=Delhi, serialNumber=28500fcdca019045ffe50583c0b68223d81dfd 566290fc9a5a825e32c57073b2, cn=RAHUL GAUTAM Date: 2026.11.02 15:49:37 +05'30'
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Magnum Global Park Unit No-2101-2115A & B, Floor 21 Sector-58, Arch View Drive Gurugram 122011, INDIA Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra, India Tel: +91 22 6974 0200 | LLPIN: ACT-3789 Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in Independent Auditor’s Review Report on Consolidated unaudited financial results of Sheela Foam Limited for the quarter and year to date ended September 30, 2026 pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors of Sheela Foam Limited 1. We have reviewed the accompanying Statement of consolidated unaudited financial results of Sheela Foam Limited (hereinafter referred to as ‘the Holding Company’), its subsidiaries, (the Holding Company and its subsidiaries together referred to as the ‘Group’) and its share of the net profit after tax and total comprehensive income of its joint controlled entity for the quarter ended September 30, 20 26 and the year to-date results for the period from April 01, 2026 to September 30, 2026 (‘the Statement’), attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘the Regulations’). 2. This Statement, which is the responsibility of the Holding Company’s Management and has been approved by the Holding Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ‘Interim Financial Reporting’, prescribed under Section 133 of the Companies Act, 2013 (‘the Act’), read with relevant rules issued thereunder (‘Ind AS 34’) and other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’ issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Regulations, to the extent applicable.
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Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra, India Tel: +91 22 6974 0200 | LLPIN: ACT-3789 Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in 4. This Statement includes the results of the Holding Company and the following entities: Sr. No. Name of the Entity Relationship with the Holding Company 1 Staqo Software Private Limited (SSPL) Wholly Owned Subsidiary 2 Sleepwell Enterprises Private Limited Wholly Owned Subsidiary 3 Staqo Incorporated Wholly Owned Subsidiary of SSPL 4 Staqo Technologies LLC Subsidiary of SSPL 5 Joyce Foam Pty Limited (JFPL Australia) Wholly Owned Subsidiary 6 Joyce WC NSW Pty Limited Wholly Owned Subsidiary of JFPL Australia 7 International Foam Technologies Spain, S.L.U (IFTS Spain) Wholly Owned Subsidiary 8 Interplasp S.L Subsidiary of IFTS Spain 9 Sheela Foam Trading L.L.C Wholly Owned Subsidiary 10 House of Kieraya Limited Jointly Controlled Entity 11 Furlenco Global Pte. Ltd. (upto 01.04.2026) Subsidiary of Jointly Controlled Entity 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 and 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the financial results of 9 subsidiaries included in the Statement, whose financial results reflects total assets of Rs. 1,307.95 crores as at September 30, 2026 and total revenues of Rs. 285.82 crores and Rs. 569.95 crores, total net profit after tax of Rs. 10.56 crores and Rs. 25.79 crores and total comprehensive income of Rs. 10.50 crores and Rs. 25.59 crores, for the quarter ended
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Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra, India Tel: +91 22 6974 0200 | LLPIN: ACT-3789 Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in September 30, 2026 and for the period from April 01, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. 12.39 crores for the period from April 01, 2026 to September 30, 2026, as considered in the Statement. These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on the work done by and report of the other auditors. 7. Certain subsidiaries are located outside India whose financial results have been prepared in accordance with the accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company’s Management has converted the financial results of such subsidiaries located outside India f rom accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company’s Management. Our conclusion on the Statement, in so far as it relates to the financial results of such subsidiaries located outside India is based on the report of other auditors an d the conversion adjustments prepared by the Management of the Holding Company and reviewed by us. Our conclusion is not modified in respect of the above matter. For M S K A & Associates LLP (Formerly known as M S K A & Associates) Chartered Accountants ICAI Firm Registration No.105047W/W101187 Nipun Gupta Partner Membership No.: 502896 UDIN: 26502896IPPTFW9629 Place: Gurugram Date: November 02, 2026 Nipun Gupta Digitally signed by Nipun Gupta Date: 2026.11.02 16:21:02 +05'30'
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(₹ in Crores, Except per share data) Year Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Income: a) Revenue from operations 1,045.03 1,031.94 874.94 2,076.97 1,696.35 3,820.84 b) Other Income 21.77 16.13 10.53 37.90 20.27 54.27 Total Income [(a) + (b)] 1,066.80 1,048.07 885.47 2,114.87 1,716.62 3,875.11 II Expenses: a) Cost of materials consumed 607.85 594.69 502.18 1,202.54 936.28 2,054.52 b) Purchase of stock-in-trade 30.82 24.28 12.88 55.10 39.89 106.40 c) Changes in inventories of finished goods, stock-in-trade and work-in-progress (13.51) (5.65) (31.13) (19.16) (37.28) (11.64) d) Other manufacturing expenses 40.81 36.93 35.77 77.74 72.47 149.65 e) Employee benefits expenses 132.39 124.71 112.66 257.10 227.87 495.13 f) Finance costs 17.48 17.82 28.07 35.30 57.24 95.15 g) Depreciation and amortisation expenses 34.15 33.88 49.52 68.03 95.64 178.58 h) Other expenses 163.49 148.08 155.45 311.57 294.76 633.41 Total Expenses [(a) to (h)] 1,013.48 974.74 865.40 1,988.22 1,686.87 3,701.20 III Profit before tax and Exceptional Items (I-II) 53.32 73.33 20.07 126.65 29.75 173.91 IV Exceptional items - (6.26) 7.84 (6.26) 7.84 (7.93) V Profit before tax (III-IV) 53.32 79.59 12.23 132.91 21.91 181.84 VI Tax expenses Current tax 1.39 3.53 1.78 4.92 3.16 7.24 Earlier tax adjustment - 0.04 0.25 0.04 0.25 (9.55) Deferred tax 10.53 16.79 2.59 27.32 6.06 44.69 Total Tax Expenses 11.92 20.36 4.62 32.28 9.47 42.38 VII Profit for the period/year after tax and before share of profit/(loss) of Joint venture accounted for using equity method (V-VI) 41.40 59.23 7.61 100.63 12.44 139.46 VIII Share in profit of Joint venture accounted for using equity method 5.02 3.11 2.35 8.13 4.07 21.39 IX Profit for the period/year (VII + VIII) 46.42 62.34 9.96 108.76 16.51 160.85 X Other Comprehensive Income/(Loss) (a) Items that will not be reclassified to profit or loss Re-measurements gain/(loss) of the net defined benefit plans 1.36 (2.36) 1.81 (1.00) 0.76 (0.93) Income tax effect on above 0.05 0.04 (0.01) 0.09 (0.01) (0.09) Share of Other Comprehensive Income of Joint venture accounted for using equity method - - - - - (0.17) (b) Items that will be reclassified to profit or loss Fair value gain/(loss) on investments and other financial instruments (0.68) (0.76) 0.01 (1.44) (0.16) (0.80) Income tax effect on above - - - - - - (c) Exchange difference on translation of foreign operations 8.33 (2.56) 16.08 5.77 40.63 69.91 Total Other Comprehensive Income/(Loss) for the period/year (a+b+c) 9.06 (5.64) 17.89 3.42 41.22 67.92 XI Total Comprehensive Income for the period/year (IX + X) 55.48 56.70 27.85 112.18 57.73 228.77 XII Profit for the period/year attributable to: Shareholders of the parent company 46.29 61.44 9.66 107.73 16.20 159.61 Non-controlling Interest 0.13 0.90 0.30 1.03 0.31 1.24 XIII Other Comprehensive Income/(loss) for the period/year attributable to: Shareholders of the parent company 9.06 (5.64) 17.89 3.42 41.22 67.92 Non-controlling Interest - - - - - - XIV Total Comprehensive Income for the period/year attributable to: Shareholders of the parent company 55.35 55.80 27.55 111.15 57.42 227.53 Non-controlling Interest 0.13 0.90 0.30 1.03 0.31 1.24 XV Paid up Equity Share Capital (Face value of ₹ 5/- each) 54.60 54.60 54.60 54.60 54.60 54.60 XVI Other Equity 3,197.36 XVII Earning per share (not annualised) Basic 4.24 5.63 0.88 9.87 1.48 14.62 Diluted 4.23 5.62 0.88 9.85 1.48 14.59 Notes: 1 2 UNAUDITED STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 SHEELA FOAM LIMITED Regd. office: 1002 to 1006, The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra - 400059 Corporate Office: Sleepwell Tower, Plot No.-14, Sector 135, Noida, Gautam Budh Nagar (U.P) -201301 Tel: Int-91(0)-22-28265686/88/89, Email - investorrelation@sheelafoam.com CIN- L74899MH1971PLC427835 Sr. No. Particulars The above unaudited consolidated results of Sheela Foam Limited are available on our website www.sheelafoam.com and on the stock exchange websites www.nseindia.com and www.bseindia.com. These consolidated financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors, in their respective meetings held on November 02, 2026. These consolidated financial results of Sheela Foam Limited ("the Holding Company") and its subsidiaries ("the Group") together with jointly controlled entity for the quarter and half year ended September 30, 2026 have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards - 34 'Interim Financial Reporting' as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. Quarter Ended Half Year Ended
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3 Year Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) a) ** Net Worth (₹ in Crores) 3,364.04 3,318.38 3,087.10 3,364.04 3,087.10 3,260.25 b) Outstanding Unsecured Non-convertible Debentures (₹ in Crores) 181.25 181.25 543.75 181.25 543.75 362.50 c) Debt service coverage ratio (Number of times, Not annualised) 0.17 0.18 0.13 0.37 0.23 0.59 d) Interest service coverage ratio (Number of times) 4.05 5.12 1.71 4.59 1.52 2.83 e) Debt equity ratio (Number of times) 0.25 0.27 0.41 0.25 0.41 0.28 f) Current Ratio (Number of times) 0.88 0.81 0.80 0.88 0.80 0.76 g) Long term debt to working capital ratio (Number of times) (3.57) (2.03) (3.73) (3.57) (3.73) (2.06) h) Bad debts to Account receivable ratio (%) 0.0% 0.0% 0.2% 0.1% 0.2% 0.2% i) Current liability ratio (Number of times) 0.79 0.81 0.69 0.79 0.69 0.81 j) Total debts to total assets (Number of times) 0.17 0.18 0.24 0.17 0.24 0.18 k) Debtors Turnover Ratio (Number of times, Not annualised) 2.19 2.29 2.51 4.43 4.72 9.71 l) Inventory Turnover Ratio (Number of times, Not annualised) 1.53 1.61 1.46 3.12 2.77 6.19 m) Basic EPS (In ₹ Not annualised) 4.24 5.63 0.88 9.87 1.48 14.62 n) Diluted EPS (In ₹ Not annualised) 4.23 5.62 0.88 9.85 1.48 14.59 o) Operating margin (%) 36.3% 37.0% 40.6% 36.6% 40.4% 39.8% p) Net profit margin (%) 4.4% 6.0% 1.1% 5.2% 1.0% 4.2% Formulas for computation of ratios are as follows:- Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 : Particulars Debt service coverage ratio Profit before tax + Finance costs + Depreciation Finance cost + Borrowings (Current) + Lease Liabilities (Current) Quarter Ended Half Year Ended Interest service coverage ratio Earnings before interest, tax and exceptional items Finance cost Debt equity ratio Total Borrowings + Total Lease Liabilities Equity Share Capital + Other Equity Current Ratio Current Assets Current Liabilities Long term debt to working capital ratio Non-Current Borrowings + Non-Current Lease Liabilities + Current Maturities of Long term borrowings and Lease liabilities Current Assets - Current Liabilities Bad debts to Account receivable ratio Bad Debts Average Trade Receivables Current liability ratio Total Current liabilities Total liabilities Total debts to total assets Total Borrowings + Total Lease Liabilities Total Assets Debtors Turnover Ratio Revenue from operations Average Trade receivables Inventory Turnover Ratio *Cost of Goods sold Average Inventories Operating margin Revenue from operations - *Cost of Goods sold Revenue from operations Net profit margin Profit After Tax (after exceptional item) Revenue from operations Notes:- * Cost of goods sold includes Cost of materials consumed, Purchases of Stock-in-trade and Changes in Inventories of Finished Goods, Stock-in-trade and Work-in-progress and Other manufacturing expenses. ** Net worth has been computed on the basis as stated in Clause(2) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations 2015 i.e. Net worth as defined in subsection (57) of section 2 of the Companies Act, 2013.
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4 (₹ in Crores) Year Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue from operations : Within India 791.51 769.21 668.51 1,560.72 1,305.07 2,974.70 Outside India 253.52 262.73 206.43 516.25 391.28 846.14 Non Current Assets : Within India 2,953.81 2,870.28 2,950.96 Outside India 809.14 878.73 855.95 5 6 7 8 For Sheela Foam Limited (Rahul Gautam) Place: Noida Managing Director Date: November 02, 2026 DIN : 00192999 The Group is mainly engaged in manufacturing of the products of same type/class, and therefore there is no reportable Business Segments. The Group has geographical segments as given below: Geographical Segment: The analysis of the geographical segment based on sales made within India and outside India by the Group is as under: Particulars Quarter Ended Half Year Ended Segment Reporting as per Indian Accounting Standard for Operating Segments (Ind AS 108), prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder: Exceptional items: a) Results for the year ended March 31, 2026 includes net gain of ₹ 7.93 Crores on account of sale of certain land and buildings situated at: - Roorkee, Uttarakhand - Dabaspet, Bangalore - Jhagadia, Gujarat b) Results for the quarter ended June 30, 2026 and period ended September 30, 2026 includes gain of ₹ 6.26 Crores on account of sale of certain land and building situated at Haridwar, Uttarakhand which was already classified under “Assets held for sale". c) Results for the quarter and period ended September 30, 2025 includes net loss of ₹ 7.84 Crores on account sale of certain land and building situated at: - Roorkee, Uttarakhand - Somapura Hobli, Bangalore Subsequent to the current quarter, the Holding company has fully repaid its listed unsecured Non-convertible debentures along with accrued interest on October 06, 2026. Figures for previous periods/ year have been regrouped/ reclassified wherever necessary to correspond with the current quarter's classification. The Holding Company had acquired equity stake on August 29, 2023 in 'House of Kieraya Limited (Furlenco)' during the year ended March 31, 2025. Subsequently to the current quarter, the Holding Company entered into an amendment agreement on October 01, 2026 with House of Kieraya Limited and its significant shareholders to amend the Affirmative Vote Matters in the Shareholders’ Agreement initially executed on July 17, 2023. Consequent to this transaction, the status of House of Kieraya Limited has changed from a jointly controlled entity to a subsidiary of the Holding Company w.e.f. October 01, 2026 and accordingly, no impact has been considered in the results of the quarter and period ended September 30, 2026. RAHUL GAUTAM Digitally signed by RAHUL GAUTAM DN: c=IN, o=Personal, pseudonym=xd2q4rn9t30lv1yea7jgkshw5ofi pzb8, 2.5.4.20=ee2ca42b9f405268d3aa6fa3be748b f0d105af1b10ad419f4288255315fdb760, postalCode=110001, st=Delhi, serialNumber=28500fcdca019045ffe50583c0 b68223d81dfd566290fc9a5a825e32c57073b 2, cn=RAHUL GAUTAM Date: 2026.11.02 15:50:23 +05'30'
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(₹ in Crores) Particulars As at September 30, 2026 As at March 31, 2026 (Unaudited) (Audited) ASSETS Non-current assets Property, plant and equipment 1,180.37 1,175.83 Right-of-use assets 176.67 208.21 Capital work-in-progress 35.72 27.37 Intangible assets 1,762.43 1,766.81 Intangible assets under development 8.10 4.82 Investment property 46.36 46.78 Investments accounted for using the equity method 461.62 453.49 Financial assets (i) Loans 0.30 0.42 (ii) Other financial assets 52.87 54.66 Deferred tax assets 89.60 114.49 Non current tax assets (net) 83.94 115.96 Other non-current assets 7.74 7.64 Total non-current assets 3,905.72 3,976.48 Current assets Inventories 452.30 392.60 Financial assets (i) Investments 123.70 134.39 (ii) Trade receivables 495.45 441.53 (iii) Cash and cash equivalents 41.20 33.12 (iv) Bank balances other than cash and cash equivalents 1.50 3.27 (v) Loans 2.31 1.94 (vi) Other financial assets 30.11 20.68 Current tax assets (net) - 0.01 Other current assets 116.29 101.97 Total current assets 1,262.86 1,129.51 Assets held for sale/Assets included in disposal group held for sale - 10.78 Total assets 5,168.58 5,116.77 EQUITY AND LIABILITIES Equity Equity share capital 54.60 54.60 Other equity 3,300.14 3,197.36 Equity attributable to shareholders of the parent Company 3,354.74 3,251.96 Non-controlling Interest 9.30 8.29 Total equity 3,364.04 3,260.25 Liabilities Non-current liabilities Financial liabilities (i) Borrowing 166.81 96.91 (ii) Lease liabilities 102.50 150.24 (iii) Other financial liabilities 46.80 48.77 Provisions 10.80 9.50 Other non-current liabilities 36.71 48.27 Deferred tax liabilities 9.55 7.99 Total non-current liability 373.17 361.68 Current liabilities Financial liabilities (i) Borrowing 533.93 616.86 (ii) Lease liabilities 50.11 43.97 (iii) Trade payables - Total outstanding dues of micro enterprises and small enterprises 59.69 79.24 - Total outstanding dues of creditors other than micro enterprises and small enterprises 421.38 377.28 (iv) Other financial liabilities 225.00 216.48 Provisions 45.32 46.35 Current tax liabilities (net) 0.69 - Other current liabilities 95.25 114.66 Total current liabilities 1,431.37 1,494.84 Total liabilities 1,804.54 1,856.52 Total equity and liabilities 5,168.58 5,116.77 For Sheela Foam Limited (Rahul Gautam) Place: Noida Managing Director Date: November 02, 2026 DIN:00192999 SHEELA FOAM LIMITED Regd. office: 1002 to 1006, The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra - 400059 Corporate Office: Sleepwell Tower, Plot No.-14, Sector 135, Noida, Gautam Budh Nagar (U.P) -201301 Tel: Int-91(0)-22-28265686/88/89, Email - investorrelation@sheelafoam.com CIN- L74899MH1971PLC427835 UNAUDITED STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 RAHUL GAUTAM Digitally signed by RAHUL GAUTAM DN: c=IN, o=Personal, pseudonym=xd2q4rn9t30lv1yea7jgkshw5ofipz b8, 2.5.4.20=ee2ca42b9f405268d3aa6fa3be748bf0 d105af1b10ad419f4288255315fdb760, postalCode=110001, st=Delhi, serialNumber=28500fcdca019045ffe50583c0b6 8223d81dfd566290fc9a5a825e32c57073b2, cn=RAHUL GAUTAM Date: 2026.11.02 15:51:08 +05'30'
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(₹ in Crores) Particulars For the half year ended September 30, 2026 For the half year ended September 30, 2025 A. Cash flow from operating activities Profit before tax and exceptional items 126.65 29.75 Adjustments for: Depreciation and amortisation expense 68.03 95.64 Finance costs 35.30 57.24 Gain on termination of Lease (12.21) (0.09) Advances/balances written off (including bad debts) 0.30 0.56 Provision for doubtful receivables 9.00 0.26 Provision for warranty provided/(written back) 11.89 (0.09) Expenses on employees stock option schemes 2.78 3.60 Amortisation of Government grants (1.43) (2.69) Net (gain)/loss on foreign currency forward contracts (0.25) 14.26 Fair value (gain)/loss on investments (net) (4.24) 4.35 Profit on sale of investments (net) (1.32) (5.80) Liabilities/provisions no longer required written back - (0.78) Unrealised foreign exchange (gain) (net) (2.34) (0.98) Rental Income (Short term lease) (0.87) (5.96) Interest income (4.04) (4.14) Interest income on income tax refund (2.29) - Loss on sale of property, plant and equipment (net) 1.00 2.23 Operating profit before working capital changes 225.96 187.36 Changes in working capital: (Increase) in Inventories (57.90) (20.36) (Increase) in loans and trade receivables (61.36) (13.98) (Increase)/Decrease in other financial and non-financial assets (24.42) 46.35 Increase in trade payables 22.94 10.88 (13.36) (68.89) Cash generated from operations 91.86 141.36 Income tax paid (net of refunds) 29.97 (23.56) Net cash flow from operating activities (A) 121.83 117.80 B. Cash flow from investing activities Purchase of property, plant and equipment and change in capital work-in-progress (44.39) (62.50) Intangible Assets acquired and expenditure on intangibles under development (3.28) (2.38) Proceeds from Sale of property, plant and equipment 2.73 26.68 (Decrease) in creditors for capital goods (net of capital advances) (2.09) (1.48) Deposit matured/made during the period (net) 1.77 (0.02) Investment in debentures and mutual funds (net) 16.25 226.77 Rental Income (Short term lease) 0.87 5.96 Interest income received 2.47 3.92 Net cash flow / (used in) from investing activities (B) (25.67) 196.95 C. Cash flow from financing activities Payment of Dividend during the year (10.92) 0.29 Net Proceeds from issuance of paid up equity share capital on exercise of employee share options - 0.01 Repayment of Non-convertible debentures (including interest) (188.88) (188.81) Proceeds from long term borrowings 112.00 - Repayment of long term borrowings (39.12) (65.93) Proceeds/Repayment from short term borrowings (including working capital 92.63 (24.36) Payment of lease liabilities (principal and interest) (29.45) (24.90) Finance costs (24.61) (25.89) Net cash flow (used in)/from Financing Activities (C) (88.35) (329.59) Net increase/(decrease) in cash and cash equivalents (A+B+C) 7.81 (14.84) Effect of exchange differences on translation of foreign currency cash and cash equivalents 0.27 0.79 Cash and cash equivalents at the beginning of the year 33.12 41.25 Cash and cash equivalents at the end of the year 41.20 27.20 Notes to statement of cash flows : Components of cash and cash equivalents as under : Cash on hand 0.43 0.33 Deposits having original maturity of less than 3 months 0.97 0.01 Balance with banks in current accounts 39.80 26.86 41.20 27.20 For Sheela Foam Limited (Rahul Gautam) Place: Noida Managing Director Date: November 02, 2026 DIN:00192999 Corporate Office: Sleepwell Tower, Plot No.-14, Sector 135, Noida, Gautam Budh Nagar (U.P) -201301 Tel: Int-91(0)-22-28265686/88/89, Email - investorrelation@sheelafoam.com (Decrease) in other financial liabilities, non-financial liabilities and provisions Regd. office: 1002 to 1006, The Avenue, International Airport Road, Opp Hotel Leela Sahar, Andheri East, Mumbai, Maharashtra - 400059 SHEELA FOAM LIMITED CIN- L74899MH1971PLC427835 UNAUDITED STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 RAHUL GAUTAM Digitally signed by RAHUL GAUTAM DN: c=IN, o=Personal, pseudonym=xd2q4rn9t30lv1yea7jgksh w5ofipzb8, 2.5.4.20=ee2ca42b9f405268d3aa6fa3be 748bf0d105af1b10ad419f4288255315f db760, postalCode=110001, st=Delhi, serialNumber=28500fcdca019045ffe50 583c0b68223d81dfd566290fc9a5a825e 32c57073b2, cn=RAHUL GAUTAM Date: 2026.11.02 15:51:57 +05'30'
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Format of Security Cover - NIL Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J Column K Column L Column M Column N Column O Particulars Description of asset for which the certificate relate Exclusive Charge Exclusive Charge Pari Passu Charge Pari Passu Charge Pari Passu Charge Asset not offered as Security Elimination on (amount in negative) (Total C to H) Related to only those items covered by this certificate Debt for which this certificate is being issued Other Secured Debt Debt for which this certificate is being issued Asset Shared by pari passu debt holder (includes debt for which this certificate is issued & other debt with pari passu charge) Other assets on which there is pari passu charge (excluding items covered in column F) debt amount considered more than once (due to exclusive plus pari passu charge) Market Value for Assets charged on Exclusive basis Carrying /book value for exclusive charge assets where market value is not ascertainable or applicable (For Eg. Bank Balance, DSRA market value is not applicable) Market Value for Pari passu charge Assets (viii) Carrying value/book value for pari passu charge assets where market value is not ascertainable or applicable (For Eg. Bank Balance, DSRA market value is not applicable) Total Value(=K+L+M+ N) Relating to Column F Book Value Book Value Yes/No Book Value Book Value ASSETS Property, Plant and Equipment NIL Capital Work-in- Progress NIL Right of Use Assets NIL Goodwill NIL Intangible Assets NIL Intangible Assets under Developme nt NIL Investments NIL Loans NIL Inventories NIL Trade Receivables NIL Cash and Cash Equivalents NIL Bank Balances other than Cash and Cash Equivalents NIL Others NIL Total NIL LIABILITIES Debt securities to which this certificate pertains NIL Other debt sharing pari-passu charge with above debt NIL Not to be filled NIL Other Debt NIL Subordinated debt NIL Borrowings NIL Bank NIL Debt Securities NIL Others NIL Trade payables NIL Lease Liabilities NIL Provisions NIL Others NIL Total NIL Cover on Book Value NIL Cover on Market Value (ix) NIL Exclusive Security Cover Ratio Pari Passu Security Cover Ratio NIL