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Sheela Foam Limited Announces Extraordinary General Meeting for Strategic Amalgamation

Story Highlights
  • Sheela Foam Limited will hold an Extraordinary General Meeting on April 28, 2025.
  • The meeting will discuss a Scheme of Arrangement involving multiple companies’ amalgamation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sheela Foam Limited Announces Extraordinary General Meeting for Strategic Amalgamation

Elevate Your Investing Strategy:

Sheela Foam Ltd. ( (IN:SFL) ) has issued an update.

Sheela Foam Limited has announced an Extraordinary General Meeting scheduled for April 28, 2025, to discuss and potentially approve a Scheme of Arrangement involving multiple companies, including Belvedore International Limited, Kanvas Concepts Private Limited, and others. The meeting aims to consider the amalgamation of these entities with Sheela Foam Limited, which could significantly impact the company’s operational structure and market positioning. The company has provided remote e-voting facilities for its equity shareholders to participate in the decision-making process.

More about Sheela Foam Ltd.

Sheela Foam Limited operates in the foam industry, primarily producing and distributing foam-based products under the Sleepwell brand. The company focuses on providing high-quality sleep solutions and comfort products, catering to a broad market that includes both individual consumers and businesses.

YTD Price Performance: -24.23%

Average Trading Volume: 15,073

Current Market Cap: 82.9B INR

For detailed information about SFL stock, go to TipRanks’ Stock Analysis page.

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