Sheela foam Limited has announced that its Board of Directors will convene on March 2, 2026, to consider the declaration of an interim dividend for the financial year 2025-26. The company has formally notified both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) about this upcoming board meeting.

Regulatory Compliance and Meeting Details

The board meeting notification has been issued in accordance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about board meetings where significant decisions, including dividend declarations, are expected to be considered.

Corporate Communication

The official intimation was signed by Md. Iquebal Ahmad, who serves as the Company Secretary and Compliance Officer for Sheela Foam Limited. The document was digitally signed on February 24, 2026, at 16:23:16 hours, ensuring proper authentication and compliance with digital documentation requirements.

Company Information

Sheela Foam Limited operates from its corporate office located at Sleepwell Tower, Sector 135, Noida, while maintaining its registered office in Mumbai, Maharashtra. The company is listed on both major Indian stock exchanges with different identifiers for trading purposes.

The upcoming board meeting represents a significant corporate action as interim dividends provide shareholders with returns during the financial year, ahead of the final dividend declaration that typically follows the annual results.

Sheela foam has announced the issuance of 4,88,146 equity shares to Kurlon shareholders, marking a significant corporate action in the foam manufacturing sector.

Share Issuance Details

The company has completed the allotment of equity shares as part of its corporate restructuring activities. The following table summarizes the key details of this transaction:

Corporate Restructuring Activity

This share issuance represents a notable development in the relationship between Sheela Foam and Kurlon, both established players in the foam and mattress manufacturing industry. The allotment of nearly 4.88 lakh equity shares to Kurlon shareholders indicates ongoing corporate restructuring activities between these two entities.

Industry Impact

The transaction involves two prominent companies in the bedding and foam products sector, suggesting potential consolidation or strategic alignment within the industry. Such corporate actions typically reflect companies' efforts to optimize their business structures and enhance operational efficiencies in the competitive foam manufacturing market.