Sheela Foam Completes Fractional Share Sale Post

Sheela Foam Limited has successfully completed the sale of fractional shares arising from its composite scheme of arrangement involving the amalgamation with Kurlon Enterprise Limited. Following the earlier receipt of trading approval from both BSE Limited and the National Stock Exchange of India Limited, the company has now concluded the fractional share disposal process and announced plans to distribute the proceeds to eligible shareholders.

Trading Approval and Share Allotment

The company had previously received listing and trading approval from both BSE Limited and the National Stock Exchange of India Limited for the newly allotted equity shares. The approval covered shares issued pursuant to the composite scheme of arrangement that facilitated the amalgamation of Kurlon Enterprise Limited into Sheela Foam Limited.

Parameter: Details Shares Allotted: 4,88,146 equity shares Face Value: Rs. 5/- each Trading Effective Date: April 22, 2026 Exchange Approval: BSE and NSE BSE Scrip Code: 540203 NSE Symbol: SFL

Fractional Share Sale Completion

The company has now completed the sale of fractional shares that arose during the share exchange process under the composite scheme of arrangement. These fractional shares typically emerge when the share exchange ratio results in shareholders being entitled to non-whole numbers of shares. The sale of these fractional shares has been concluded, and the company plans to distribute the net proceeds to the eligible shareholders who were entitled to such fractional entitlements.

Composite Scheme Structure

The comprehensive corporate restructuring involved multiple entities under the composite scheme of arrangement. The scheme encompassed the amalgamation of several companies including Belvedere International Limited, Kanvas Concepts Private Limited, Kurlon Retail Limited, Komfort Universe Products and Services Limited, and Starship Value Chain and Manufacturing Private Limited. These entities were first merged into Kurlon Enterprise Limited, which was subsequently amalgamated into Sheela Foam Limited under Sections 230 to 232 of the Companies Act, 2013.

Distribution Process

The proceeds from the fractional share sale will be distributed to shareholders who were entitled to fractional shares under the approved share exchange ratio. This distribution represents the final step in ensuring that all eligible shareholders receive their complete entitlements from the amalgamation process. The newly issued shares carry full rights and privileges, ranking pari-passu in all respects with the existing equity shares of Sheela Foam Limited, providing immediate liquidity for shareholders on both BSE and NSE platforms.

Sheela Foam Limited has announced the cancellation of its management's participation in the 11th Annual Valorem Conference, updating its previous regulatory disclosure under SEBI listing obligations.

Conference Cancellation Update

The company has informed stock exchanges that it will not participate in the 11th Annual Valorem Conference, which was originally scheduled for Monday, March 23, 2026, at Grand Hyatt-Kalina, Mumbai. The cancellation was attributed to unforeseen schedule changes affecting the company's availability.

Conference Details: Information Event: 11th Annual Valorem Conference Original Date: March 23, 2026 Venue: Grand Hyatt-Kalina, Mumbai Organizer: Valorem Advisors Status: Cancelled Reason: Unforeseen schedule changes

Regulatory Communication

The updated disclosure was made pursuant to Para A of Part A of Regulation 30(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This follows the company's initial intimation dated March 18, 2026, regarding the proposed participation in the conference themed "Resilient Corporates, Relentless India."

Official Documentation

The formal cancellation notice was signed by Md. Iquebal Ahmad, Company Secretary & Compliance Officer, on March 19, 2026. The communication was addressed to both BSE Limited (Scrip code: 540203) and The National Stock Exchange India Limited (NSE Symbol: SFL), ensuring comprehensive disclosure to all relevant regulatory bodies.

Regulatory Details: Information Initial Notice Date: March 18, 2026 Cancellation Date: March 19, 2026 BSE Scrip Code: 540203 NSE Symbol: SFL Compliance Officer: Md. Iquebal Ahmad

This cancellation represents a change in Sheela Foam Limited's investor relations schedule, with the company maintaining transparency through timely regulatory updates while adhering to disclosure requirements regarding scheduled investor and analyst meetings.

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