Sheela Foam Limited has informed the Exchange about receipt of Certified Copy of Merger Order dated 17.09.2025 of SFL and KEL on 30.10.2025
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Sheela Foam Limited has received the certified copy of the Merger Order dated 17.09.2025 from the NCLT for the merger of Sheela Foam Limited (SFL) and KEL. The certified copy was received on 30.10.2025. This confirms that the National Company Law Tribunal has formally approved the merger scheme between the two entities. The next steps typically include filing the order with the Registrar of Companies to make the merger effective. The announcement does not specify the swap ratio or effective date of the merger.
This is a procedural milestone confirming NCLT approval of the SFL-KEL merger. Shareholders should watch for the effective date and any swap ratio or share allotment details in subsequent filings. The merger could lead to changes in shareholding structure once it becomes effective.