Sheela Foam Limited has informed the Exchange about Payment of Fraction Share to eligible shareholders
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Sheela Foam Limited has completed the distribution of proceeds from the sale of fractional shares to eligible shareholders of Kurlon Enterprise Limited. This is part of a Composite Scheme of Arrangement where Kurlon Enterprise Limited was merged into Sheela Foam Limited. The share exchange ratio was 52 shares of Sheela Foam (Rs. 5 face value) for every 100 shares of Kurlon Enterprise Limited held. Out of 4,88,146 total shares allotted, 575 were fractional shares which were sold in the open market on April 22, 2026. Net sale proceeds of Rs. 3,07,348 were distributed to eligible shareholders on May 8, 2026. A small amount of Rs. 16,489.90 remains unclaimed due to incomplete bank details of certain shareholders.
This is a routine post-merger administrative filing. The company has fulfilled its regulatory obligation to compensate shareholders for fractional entitlements arising from the share exchange ratio. There is no direct impact on Sheela Foam's stock price or dividend from this filing.