Announced Thu, 1 Oct, 2026 · 15:40 IST
House of Kieraya (Furlenco) becomes subsidiary of Sheela Foam
SFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹617.50
prior close
₹622.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+0.9+1.1+1.3+0.8+0.4-2.4———————
Up moveDown movePending
AI summary
Sheela Foam has signed an amendment agreement making House of Kieraya (Furlenco) a subsidiary instead of a joint entity, effective Oct 1, 2026. No shares were transferred and no money changed hands as SFL already held 34.53%. HOK is an online furniture company with FY26 revenue of Rs 375 crore, up from Rs 152 crore in FY24. The move gives SFL a foothold in the fast-growing branded furniture market.
Likely market impact
Consolidates Furlenco's revenue into SFL, expanding presence in furniture. No cash outflow or new share issuance, so minimal dilution risk.