Sheela Foam Limited has informed the Exchange about Copy of Newspaper Publication
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Sheela Foam Limited has disclosed the publication of a newspaper advertisement in compliance with an NCLT order dated 1 July 2025. The advertisement relates to a proposed Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving Belvedore International Limited, Kanvas Concepts Private Limited, Kurlon Retail Limited, Komfort Universe Products and Services Limited, and Starship Value Chain and Manufacturing Private Limited merging into Kurlon Enterprise Limited, which would then further merge with Sheela Foam Limited. The notice was published in Business Standard and Navshakti as directed by the NCLT. The NCLT meeting of shareholders and creditors is scheduled for 22 August 2025. The disclosure was signed by Md Iquebal Ahmad, Company Secretary and Compliance Officer.
This marks a key regulatory milestone in Sheela Foam's consolidation of the Kurlon business under its umbrella. If approved, the amalgamation could expand Sheela Foam's product portfolio and distribution reach, potentially creating long-term value, though the swap ratio and final structure will be critical for shareholders.