Sheela Foam Limited announces the successful completion of the merger between its wholly-owned subsidiaries, Staqo World Private Limited and Staqo Software Private Limited. The merger, sanctioned by the National Company Law Tribunal on November 21, 2025, is expected to streamline operations. This restructuring solely involves the company’s subsidiaries and will not affect Sheela Foam Limited’s share capital or financial standing.
Subsidiary Merger Finalized
Sheela Foam Limited has completed the merger of Staqo World Private Limited with Staqo Software Private Limited. Both entities are wholly owned subsidiaries of Sheela Foam Limited.
Merger Approval and Effective Date
The merger was officially approved by the National Company Law Tribunal, New Delhi on November 21, 2025. All necessary filings, including form INC-28, have been completed with the Registrar of Companies, confirming the merger’s validity and immediate implementation.
Impact on Sheela Foam Limited
The company clarifies that the merger is limited to its subsidiaries. Specifically, this restructuring will not have any influence on the share capital, shareholding patterns, or the overall financial health of Sheela Foam Limited. The primary goal of the merger is to consolidate and synergize the operations of the two subsidiary companies.
Source: BSE
