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.

Sheela Foam Limited has announced that its Board of Directors will meet on February 3, 2026, to approve the company's quarterly financial results. The meeting will focus on reviewing and approving unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has issued formal notification to both major stock exchanges regarding the upcoming board meeting. The announcement was made in compliance with regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The board meeting notification was issued pursuant to Regulation 29 and Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This advance intimation ensures transparency and keeps stakeholders informed about significant corporate developments.

Company Communication

The official communication was signed by Md. Iquebal Ahmad, Company Secretary and Compliance Officer, on January 29, 2026. The notification was sent to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed.

Exchange Details

Sheela Foam Limited maintains its listing presence on major Indian stock exchanges. The company has provided proper notification to both exchanges as part of its ongoing compliance with listing requirements and regulatory obligations.