Sheela Foam Limited has informed the Exchange about receipt of Listing and Trading approval from BSE and NSE for 4,88,146 shares
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Sheela Foam Limited has received listing and trading approval from BSE and NSE for 4,88,146 equity shares of face value Rs. 5/- each. These shares were allotted to eligible shareholders of Kurlon Enterprise Limited (KEL) as part of a Composite Scheme of Arrangement involving multiple entities being amalgamated into KEL and further into Sheela Foam Limited. The scheme was approved under Sections 230 to 232 of the Companies Act, 2013. The new shares are available for trading effective April 22, 2026, and will rank pari-passu with existing equity shares of the Company.
The listing of these 4.88 lakh new shares increases Sheela Foam's equity base and free float. Shareholders of KEL who received these shares in the approved share exchange ratio can now trade them on BSE and NSE.