Sheela Foam gets approval for listing 4,88,146 shares post-KEL merger

Sheela Foam Ltd has received listing and trading approval from BSE and NSE for 4,88,146 new equity shares. These shares, with a face value of ₹5 each, were allotted to eligible shareholders of Kurlon Enterprise Limited (KEL) as part of the Composite Scheme of Arrangement for the amalgamation of KEL with Sheela Foam. The newly listed shares will be available for trading from April 22, 2026, and will rank equally with the company's existing equity shares. This marks a significant step in the integration process following the merger.