Payment of Fraction Shares to eligible shareholders

Sheela Foam Ltd has filed reports from its Audit Committee and Independent Directors certifying the completion of compensation for fractional share entitlements arising from a Composite Scheme of Arrangement. Under the scheme, Kurlon Enterprise Limited shareholders (record date: January 30, 2026) received 4,88,146 equity shares of Sheela Foam on February 3, 2026, at a share exchange ratio of 52 Sheela Foam shares for every 100 Kurlon shares. Of these, 575 fractional shares were allotted to the 'Sheela Foam Limited Fractional Shares Trust 2025' (managed by Axis Trustee), sold in the open market on April 22, 2026. Sale proceeds of Rs 3,07,348 (net of Rs 16,490 expenses) were distributed to eligible shareholders on May 8, 2026. A small balance of Rs 16,490 remains unclaimed due to incomplete bank details of certain shareholders and may be transferred to IEPF if unclaimed.