NCLT sanctions composite scheme bringing Kurlon entities into Sheela Foam

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

SFL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹694.80

prior close

₹700.40

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-2.1% vs market

Furniture Home Furnishing peers, median of 5sector-0.8%-0.9% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 0.9 pts less than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.4

15m

+0.0

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7+0.4-2.1-0.8-0.9

Next day

-2.1-0.4-1.7-0.5-1.6

-2.2-0.7-1.5-0.2-2.0

-0.2-1.0+0.8-1.9+1.6

-2.3-2.1-0.3-0.8-1.6

-3.9-4.2+0.3-3.8-0.1

-4.1-5.3+1.2-2.9-1.2

15d

-2.5-3.2+0.7-2.7+0.1

-3.9-2.3-1.5-6.3+2.5

-11.2-2.9-8.4-12.0+0.8

-16.7-7.6-9.1-20.8+4.1

UpDownMarket · Nifty Microcap 250Sector · Furniture Home Furnishing peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Mumbai National Company Law Tribunal approved the composite scheme on September 17, 2025. It combines Belvedore International, Kanvas Concepts, Kurlon Retail, Komfort Universe Products and Services, Starship Value Chain and Manufacturing, and Kurlon Enterprise into Sheela Foam. The scheme takes effect when the certified court order is filed with the Registrar of Companies.

Likely market impact

The scheme brings the named businesses into Sheela Foam and may simplify the group structure. No financial terms or exchange ratio were disclosed.