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Sheela Foam Ltd. ( (IN:SFL) ) just unveiled an announcement.
Sheela Foam Limited has announced that the National Company Law Tribunal, Mumbai Bench, has approved its Composite Scheme of Arrangement involving multiple group and related entities, including Belvedore International, Kanvas Concepts, Kurlon Retail, Komfort Universe Products and Services, Starship Value Chain and Manufacturing, and Kurlon Enterprise, which are being consolidated into Kurlon Enterprise and subsequently amalgamated into Sheela Foam. The company has filed the certified NCLT order with the Registrar of Companies, and as part of the scheme, shareholders of Kurlon Enterprise as of 30 January 2026 will receive 52 equity shares of Sheela Foam for every 100 shares held, marking a key step in restructuring the group’s corporate structure and potentially streamlining operations and enhancing shareholder alignment.
More about Sheela Foam Ltd.
Sheela Foam Limited is a leading Indian mattress and bedding manufacturer, best known for its Sleepwell brand, serving the consumer and retail markets with foam-based comfort products across the country.
Average Trading Volume: 6,951
Technical Sentiment Signal: Sell
Current Market Cap: 61.06B INR
For an in-depth examination of SFL stock, go to TipRanks’ Overview page.