Description

BSE notifies listing and trading of 4,88,146 new equity shares of Sheela Foam Limited from April 22, 2026, issued pursuant to a Scheme of Arrangement involving five transferor companies and Kurlon Enterprise Limited.

Summary

BSE has notified all market participants that 4,88,146 new equity shares of Sheela Foam Limited (Scrip Code: 540203, ISIN: INE916U01025) are listed and permitted for trading on the Exchange effective Wednesday, April 22, 2026. These shares were issued pursuant to a Scheme of Arrangement involving the amalgamation of five transferor companies into Kurlon Enterprise Limited, which was subsequently amalgamated into Sheela Foam Limited.

Key Points

  • 4,88,146 equity shares of Rs. 5/- each are newly listed on BSE with effect from April 22, 2026
  • Shares issued under a Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013
  • ISIN: INE916U01025; Distribution Numbers: 108710779 to 109198924
  • Date of allotment: February 03, 2026
  • New shares rank pari-passu with existing equity shares of Sheela Foam Limited
  • Notice issued by Listing Compliance and Operations department of BSE

Regulatory Changes

No new regulatory changes. The listing follows a court-approved Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, involving the merger of five transferor entities — Belvedore International Limited, Kanvas Concepts Private Limited, Kurlon Retail Limited, Komfort Universe Products And Services Limited, and Starship Value Chain and Manufacturing Private Limited — into Kurlon Enterprise Limited (Amalgamating Company), and ultimately into Sheela Foam Limited (Amalgamated Company).

Compliance Requirements

  • Market participants and trading members must note the availability of these shares for trading from April 22, 2026
  • No specific compliance action required from investors beyond awareness of the new share issuance

Important Dates

  • Date of Allotment: February 03, 2026
  • Trading Commencement Date: April 22, 2026 (Wednesday)
  • Notice Date: April 21, 2026

Impact Assessment

The listing of 4,88,146 new shares represents a modest increase in the total share count of Sheela Foam Limited. Since these shares are pari-passu with existing equity shares, there is no change in voting rights or dividend entitlement per share. The shares become tradable on April 22, 2026, which may result in slight near-term selling pressure as scheme allottees seek to liquidate. The overall market impact is expected to be low given the relatively small size of the new issuance relative to the company’s existing equity base.

Impact Justification

Routine listing notice for new shares issued under a court-approved amalgamation scheme; pari-passu with existing shares so no change in rights, but increases share count and affects existing shareholders proportionally.