Sheela Foam Limited has successfully obtained trading approval from both major Indian stock exchanges for equity shares issued as part of its composite scheme of arrangement involving the amalgamation with Kurlon Enterprise Limited. The company formally communicated this development to BSE Limited and the National Stock Exchange of India Limited on April 22, 2026, marking the completion of final regulatory requirements for the corporate restructuring initiative.

Trading Approval Details

The company 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 covers shares issued pursuant to the composite scheme of arrangement that facilitated the amalgamation of Kurlon Enterprise Limited into Sheela Foam Limited.

Official Communication

The company's official communication to the exchanges was signed by Md. Iquebal Ahmad, Company Secretary & Compliance Officer, confirming the receipt of listing and trading approval for the equity shares allotted pursuant to the Composite Scheme of Arrangement. The communication specifically referenced the amalgamation of Kurlon Enterprise Limited with Sheela Foam Limited under the approved scheme.

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.

Share Allotment and Rights

The 4,88,146 equity shares were allocated to eligible shareholders of Kurlon Enterprise Limited based on the approved share exchange ratio determined under the scheme. These newly issued shares carry full rights and privileges, ranking pari-passu in all respects with the existing equity shares of Sheela Foam Limited. The trading approval enables immediate liquidity for the allotted shareholders, allowing them to trade these shares on both BSE and NSE platforms from April 22, 2026.

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.

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.

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.