Sheela Foam: Merger of subsidiaries Staqo World with Staqo Software completed.
Sheela Foam Limited announces the completion of the merger between its wholly owned subsidiaries, Staqo World Private Limited and Staqo Software Private Limited. The National Company Law Tribunal sanctioned the scheme on November 21, 2025. This merger is internal to subsidiaries and does not affect Sheela Foam's financials.
The merger is an internal restructuring of subsidiaries and is explicitly stated not to impact the parent company's share capital, shareholding pattern, or financial position, thus having a minimal impact on Sheela Foam Limited.
The announcement is a routine corporate action regarding the merger of subsidiaries and does not contain any financial performance indicators or strategic initiatives that would significantly alter the company's outlook.
Sheela Foam Limited has announced the completion of the merger between two of its wholly owned subsidiaries: Staqo World Private Limited and Staqo Software Private Limited.
The Scheme of Merger received sanction from the Hon’ble National Company Law Tribunal, New Delhi, on November 21, 2025. Following the filing of form INC-28 with the Registrar of Companies yesterday, the merger is now effective.
As a consequence of the scheme becoming effective, Staqo World Private Limited has been amalgamated with Staqo Software Private Limited. This merger exclusively involves the company's subsidiaries and is not expected to impact Sheela Foam Limited's share capital, shareholding pattern, or financial position.
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Sheela Foam Limited filed this with the NSE as a statutory disclosure, categorised under amalgamation. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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