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. Following the board meeting, the company has also scheduled an investor/analyst conference call on Friday, May 15, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to discuss the financial results for the quarter and year ended March 31, 2026.

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:

Q4FY26 Earnings Conference Call

Sheela Foam Limited will host a Q4FY26 Earnings Conference Call on Friday, May 15, 2026, facilitated by Investec Capital Services (India) Private Ltd. The call will be led by Ritesh Shah, Co-Head of Research, Mid-Market Coverage, and ESG at Investec India. Senior management representatives participating in the call are as follows:

The conference call is scheduled at 04:00 PM IST on May 15, 2026, with corresponding timings for international participants detailed below:

Participants may join via the primary universal dial-in numbers +91 22 6280 1245 / +91 22 7115 8146, or through international toll-free numbers for the USA (18667462133), UK (08081011573), Singapore (8001012045), and Hong Kong (8009644448). The transcript of the call will subsequently be published on the company's website at www.sheelafoam.com and on the websites of the stock exchanges.

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 This closure is a standard compliance measure under SEBI regulations, ensuring that individuals with access to unpublished price-sensitive information are restricted from trading in the company's securities during the period leading up to and immediately following the announcement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

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.

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.