Sheela Foam Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 17, 2025
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Sheela Foam has issued notice for its 53rd Annual General Meeting (AGM) scheduled for Thursday, July 17, 2025, at 10:00 AM IST via video conferencing. The e-voting window will run from July 13 to July 16, 2025, with July 10, 2025 set as the cut-off date. Four resolutions are on the agenda: adoption of FY25 financial statements, re-appointment of Director Rahul Gautam (who retires by rotation), ratification of cost auditor remuneration of Rs. 1.6 lakh, and appointment of AVA Associates as Secretarial Auditor for 5 years at Rs. 80,000 per year. The accompanying Annual Report highlights FY25 consolidated revenue of Rs. 3,439 crore (up 15% YoY), EBITDA of Rs. 286 crore, and PAT of Rs. 97 crore, marking the first full year of consolidated operations following the Kurl-on acquisition.
This is a routine AGM notice with standard agenda items and no material surprises for shareholders. However, the FY25 results reveal PAT declined sharply from Rs. 184 crore to Rs. 97 crore due to elevated finance and depreciation costs linked to the Kurl-on acquisition, even as revenue grew 15%, which shareholders should note ahead of the meeting.