Corporate Action14 May 2026, 08:01 pm
Sheela Foam Completes Fractional Share Payment
AI Summary
Sheela Foam Ltd. announced the completion of compensation to eligible shareholders for fractional shares resulting from the Composite Scheme of Arrangement. The compensation, totaling ₹3,07,348.00 after expenses of ₹3,23,837.90, was completed on May 08, 2026, and pertains to 575 fractional shares. This action complies with SEBI regulations and was certified by both the Audit Committee and Independent Directors.
Key Highlights
- Sheela Foam completed compensation for fractional shares on May 08, 2026.
- 575 fractional shares were compensated as part of the scheme.
- Net proceeds distributed to shareholders totaled ₹3,07,348.00.
- The compensation complies with SEBI Master Circular SEBI/HO/CFD/POD-2/P/CIR/2023/93.
- Audit Committee and Independent Directors certified the compensation.
Price Impact
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