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Sheela Foam informs about scheme of arrangement

31 Oct 2025 Evaluate
In continuation to letter dated September 18, 2025, Sheela Foam has informed that the Company has received the certified copy of order passed by the Hon’ble National Company Law Tribunal, Mumbai Bench (Hon’ble NCLT), approving the Composite Scheme of Arrangement among Belvedore International Limited (BIL or Transferor Company 1), Kanvas Concepts Private Limited (KCPL or Transferor Company 2), Kurlon Retail Limited (KRL or Transferor Company 3), Komfort Universe Products and Services Limited (KUPSL or Transferor Company 4), Starship Value Chain and Manufacturing Private Limited (SVCMPL or Transferor Company 5), Kurlon Enterprise Limited (KEL or Transferee Company/Amalgamating Company), and Sheela Foam Limited (SFL or Amalgamated Company/Company), together with their respective shareholders and creditors. The certified copy of the said order and the scheme is enclosed as Annexure I. According to the statutory provisions and the terms stated under the Scheme, the Scheme becomes effective from the Appointed Date and becomes operative from the Effective Date which will be the date of filing of certified copy of the Order with the Registrar of Companies, Mumbai.

The above information is a part of company’s filings submitted to BSE.

Sheela Foam Share Price

548.75 12.55 (2.34%)
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