Sheela Foam Schedules Board Meeting on May 14, 2026 to Approve FY26 Financial Results and Final Dividend

Sheela Foam Limited has notified the stock exchanges of an upcoming board meeting scheduled for Thursday, May 14, 2026, in accordance with Regulation 29 and Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed on May 11, 2026, and signed by Md. Iquebal Ahmad, Company Secretary and Compliance Officer.

Agenda of the Board Meeting

The board meeting has been convened to deliberate on key financial matters for the fiscal year ended March 31, 2026. The following items are on the agenda:

Agenda Item: Details Financial Results: Audited Standalone & Consolidated financial results for the year ending March 31, 2026 Dividend Recommendation: Recommendation of a final dividend on equity shares for the financial year ended March 31, 2026

Trading Window Closure

In line with regulatory requirements, the trading window for dealing in the securities of the company by designated persons and their immediate relatives has been closed effective April 01, 2026. The window will remain closed until 48 hours after the declaration of the audited financial results to the stock exchanges.

This closure is a standard compliance measure under SEBI regulations, ensuring that individuals with access to unpublished price-sensitive information are restricted from trading in the company's securities during the period leading up to and immediately following the announcement of financial results.

Company Background

Sheela Foam Limited operates under the well-known Sleepwell brand and is headquartered at 14, Sleepwell Tower, Sector 135, Noida – 201301. The company's registered office is located at 1002 to 1006 The Avenue, International Airport Road, Andheri East, Mumbai, Maharashtra, India – 400059.

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. The company has formally communicated to both BSE Limited and the National Stock Exchange of India Limited regarding the completion of the fractional share disposal process on April 22, 2026, with proceeds to be distributed to eligible shareholders through an appointed Trust.

Official Exchange Communication

On April 23, 2026, Sheela Foam Limited submitted an official communication to both stock exchanges regarding the completion of fractional share sales. The communication was signed by Company Secretary & Compliance Officer Md. Iquebal Ahmad and addressed to BSE Limited and the National Stock Exchange of India Limited.

Parameter: Details Communication Date: April 23, 2026 Sale Completion Date: April 22, 2026 BSE Scrip Code: 540203 NSE Symbol: SFL Signatory: Md. Iquebal Ahmad Designation: Company Secretary & Compliance Officer

Trust-Based Distribution Mechanism

Pursuant to the composite scheme of arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, the fractional entitlements arising from the share exchange ratio have been consolidated and allotted to a Trust appointed by the Board. The Trust has sold such consolidated shares in the open market on April 22, 2026, ensuring efficient disposal of fractional holdings.

Proceeds Distribution Process

The net sale proceeds from the fractional share disposal, after deduction of applicable charges and taxes, will be distributed to the eligible shareholders of Kurlon Enterprise Limited in proportion to their respective fractional entitlements. This distribution mechanism ensures that all shareholders receive their complete entitlements from the amalgamation process in monetary form.

Distribution Details: Information Distribution Method: Proportionate to fractional entitlements Eligible Recipients: Former Kurlon Enterprise Limited shareholders Deductions: Applicable charges and taxes Distribution Basis: Respective fractional entitlements

Composite Scheme Structure

The comprehensive corporate restructuring involved multiple entities under the composite scheme of arrangement approved under Sections 230 to 232 of the Companies Act, 2013. The scheme encompassed the amalgamation of Belvedere 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, which was subsequently amalgamated into Sheela Foam Limited.

The completion of this fractional share sale represents the final step in the amalgamation process, ensuring that all eligible shareholders receive their complete entitlements from the corporate restructuring. The Trust-based mechanism provides an efficient solution for handling fractional shares while maintaining transparency and regulatory compliance.

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