GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Sheela Foam Ltd

Sheela Foam: Bank loan facilities affirmed at IND AA/Stable; NCD ratings withdrawn

RATING ▲ Positive Development LOW RISK
📅 Filed on BSE: 09 Oct 2026, 06:19 PM IST  ·  BSE ID: 507834bb-3d13-4c08-8389-f2e14d9fc736
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's credit rating for its main bank loans was reaffirmed, and its rating for redeemed debentures was withdrawn.
🤖 AI Summary
  • Sheela Foam's bank loan facilities affirmed 'IND AA/Stable/IND A1+' rating by India Ratings.
  • Additional bank loan facilities of Rs. 180 crore assigned 'IND AA/Stable/IND A1+' rating.
  • Non-convertible debentures totaling Rs. 181.25 crore rating withdrawn following full redemption.
  • Affirmation reflects strong market position and improved credit metrics in FY26.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Bank loan facilities affirmed
700 crore
Additional bank loan facilities assigned
180 crore
Non-convertible debentures rating withdrawn
181.25 crore
Rating assigned to additional bank loan facilities
IND AA/Stable/IND A1+
Affirmed rating on bank loan facilities
IND AA/Stable/IND A1+
🏢 How This Affects the Company
💰
Financial Impact
The affirmation of 'IND AA/Stable' ratings on bank loan facilities of Rs. 700 crore and assignment to Rs. 180 crore indicates continued financial strength and favorable access to debt markets. Withdrawal of ratings on fully redeemed NCDs has no financial impact.
⚠️
Risk Impact
The affirmation of stable ratings suggests no immediate increase in financial risk. The withdrawal of ratings on redeemed instruments removes a reporting requirement.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this credit rating update.
👤
Who Is Affected
All shareholders are indirectly affected as strong credit ratings can improve a company's borrowing costs and financial flexibility.
🔍
Management Signal
Management signals a commitment to maintaining strong financial discipline and favorable credit standing.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Next quarterly results for revenue and profit trends.
Updates on raw material price volatility and forex risk.
Performance post-acquisition of Kurlon Enterprises Limited.
LOW RISK Ratings affirmed at 'IND AA/Stable', indicating low immediate credit risk.
💡 Investor Takeaway
Sheela Foam's bank loan facilities of Rs. 700 crore were reaffirmed 'IND AA/Stable/IND A1+' and Rs. 180 crore assigned, while Rs. 181.25 crore NCD ratings were withdrawn post-redemption.
⚖️ Strengths & Concerns

✅ Positives

  • Bank loan facilities affirmed 'IND AA/Stable/IND A1+' rating, reflecting strong debt credentials.
  • Rs. 180 crore additional bank loan facilities assigned 'IND AA/Stable/IND A1+' rating.

⚠️ Concerns

  • Non-convertible debentures aggregating Rs. 181.25 crore rating withdrawn following full redemption.
  • Ratings reflect continued susceptibility to volatility in raw material prices.
📅 Company Track Record
In April 2026, Sheela Foam's CRISIL rating for Rs. 163.27 crore bank facilities was upgraded to AA-/Positive, demonstrating a consistent improvement in its debt credentials.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What credit rating has India Ratings assigned to Sheela Foam's bank loan facilities?
India Ratings has affirmed the bank loan facilities of Sheela Foam Limited at ‘IND AA/Stable/IND A1+’ for Rs. 700 crore.
What is the value of additional bank loan facilities rated by India Ratings for Sheela Foam?
India Ratings has assigned a rating of ‘IND AA/Stable/IND A1+’ to additional bank loan facilities of Rs. 180 crore for Sheela Foam Limited.
Why were the ratings on Sheela Foam's non-convertible debentures withdrawn?
The ratings on Sheela Foam's non-convertible debentures aggregating to Rs. 181.25 crore were withdrawn as they have been fully redeemed.
What is the rating outlook for Sheela Foam's bank loan facilities?
The outlook for Sheela Foam's bank loan facilities rated ‘IND AA/Stable/IND A1+’ is Stable.

Questions based on this BSE filing only. For information purposes.

You've read one filing

There are 32,000 more, and one of them is about a company you own

Follow a company and we'll email you the moment it files again — explained, not just forwarded. Free.

  • Follow companies and get filings by email
  • Save any filing to read later
  • Two full AI analyses every month, free

No card needed. Sign in with Google in two taps.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.