Mumbai, Oct. 13 -- Sheela Foam announced that India Ratings and Research (India Ratings) has affirmed the bank loan facilities of Sheela Foam (SFL) and

withdrawn the rating assigned to the Company's non-convertible debentures, which have been fully redeemed.

Bank Loan Facilities: Assigned a rating of 'IND AA/Stable/IND A1+' to additional bank loan facilities of Rs. 180 crore and reaffirmed the existing rating of 'IND AA/Stable/IND A1+' on bank loan facilities of Rs.

700 crore.

Non-Convertible Debentures: Withdrawn the rating of 'IND AA/Stable' assigned to the Company's non convertible debentures aggregating to Rs. 181.25 crore (ISIN: INE916U08012), which have been fully redeemed.

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