Sheela Foam Ltd. Receives Trading Approval for Shares Issued via Composite Scheme of Arrangement
Sheela Foam Ltd. has announced that it has received listing and trading approval from both the BSE Limited and the National Stock Exchange of India Limited. The approval pertains to the equity shares allotted as part of a Composite Scheme of Arrangement.The scheme involved the amalgamation of Belvedore International Limited, Kanvas Concepts Private Limited, Kurlon Retail Limited, Komfort Universe Products and Services Limited, and Starship Value Chain and Manufacturing Private Limited, into Kurlon Enterprise Limited (KEL), and subsequently into Sheela Foam Limited.
Under this arrangement, the Company allotted a total of 4,88,146 equity shares. These shares have a face value of Rs. 5/- each and were issued to eligible shareholders of KEL based on the approved share exchange ratio.
The shares are scheduled to be available for trading effective April 22, 2026. The allotment ensures that these newly issued shares will rank pari-passu in all respects with the existing equity shares of Sheela Foam Limited.
SFL Stock Price Movement
Shares of Sheela Foam Limited are edging higher to ₹556.65 as of 12:59 PM, gaining ₹12.45 in live trading, representing a strong 2.29% climb. The stock sees solid conviction at the moment, fueled by a total traded volume of 92,894 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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