SHEELA FOAM Share price

The Company was originally incorporated as a private limited company under the Companies Act 1956 pursuant to a certificate of incorporation issued by the RoC dated June 18 1971 at Delhi with the name ‘Sheela Foam Private Limited’. the Company became a deemed public limited company under Section 43A (1A) of Companies Act 1956 on July 1 1989 and was restored to its status of private limited company with effect from November 30 1990 as per Section 43A (4) of the Companies Act 1956. the Company was converted to a public limited company pursuant to a special resolution of the shareholders dated April 30 2016 and the name of the Company was changed to ‘Sheela Foam Limited’ to reflect the legal status of the Company pursuant to a fresh certificate of incorporation granted by the RoC on June 6 2016.In order to reorganise the group structure to subsume similar and complementary business lines of the subsidiaries and associates within the business we have on three instances effected mergers of certain of the subsidiaries and associates with the Company through schemes of amalgamation under sections 391 to 394 of the Companies Act 1956 sanctioned by the High Cthet of Delhi. In Fiscal Year 2003 three of the erstwhile wholly owned subsidiaries namely Feather Foam Enterprises Private Limited Soft Foam Industries Private Limited and Pallavi Foam Industries Private Limited which were involved in similar lines of business as thes merged with us. Subsequently in Fiscal Year 2011 Serta India Private Limited a subsidiary company were merged with the Company. Furthermore in Fiscal Year 2013 five of the erstwhile subsidiaries namely SNB Bedding International Private Limited Starlite India Private Limited RG Pillow (India) Private Limited Kanpav Overseas Private Limited and Auora Foams Private Limited merged with the Company. Awards and accreditations :The table below sets forth some of the awards and accreditations received by the Company:2008-CNBC-NASSCOM IT User Award 2008 for ‘Best IT adoption in manufacturing – SME Sector’2009-EDGE award for usage of IT for maximising business impact2010-CIO Green Edge Award 2010-CIO 100 Hontheee 2010 award for excellence in strategic enterprise IT deployment-EDGE award for usage of IT for maximising business impact2011-CIO 100 Hontheee 2011 award for excellence in strategic enterprise IT deployment-Indian Express Intelligent Enterprise award for manufacturing2012-EDGE award usage of IT for maximising business impact-Skoch Digital Inclusion Award 2012 for controlling unauthorised dealer selling using RFID2014-EDGE award for usage of IT2015-Dataquest Business Technology Award 2015 for excellence in implementation and use of technology for business benefits in the category of ‘mobility’ Major events and milestonesThe table below sets forth some of the major events in the history of the Company:1971-Incorporation of the Company1972-Commencement of manufacturing at the manufacturing facility in Sahibabad-Launch of “Feather Foam” brand-1994-Launch of “Sleepwell” brand1996 - 1997-Set up of the manufacturing facilities at Silvassa and Hyderabad1997 - 1998-Commencement of rubberised coir production in Pondicherry and Sahibabad2001-Set up of the manufacturing facility in Greater Noida2003-Acquisition of Auora Foams Private Limited-Merger of Feather Foam Enterprises Private Limited Soft Foam Industries Private Limited and Pallavi Foam Industries Private Limited with the Company-Set up of the manufacturing facility in Sikkim2005-Incorporation of Joyce the wholly owned subsidiary in Australia-Acquisition of the business of Joyce Corporation Limited Joyce Indpac Limited and Marfoam Pty Ltd by Joyce2010-Introduction of variable pressure foaming technology in Joyce2011-Set up of the manufacturing facility in Erode-Merger of Serta India Private Limited with the Company2012-Obtainment of ISO certifications for three of the manufacturing facilities (namely the facilities located in Greater Noida Talwada and Hyderabad)2013-Merger of SNB Bedding International Private Limited Starlite India Private Limited RG Pillow (India) Private Limited and Auora Foams Private Limited with the Company2015-Launch of My Mattress line