Sheela Foam clarifies share volume spike, attributes to market conditions

Sheela Foam Limited has issued a clarification to BSE Limited regarding the movement in the volume of its shares. The company stated it complies with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sheela Foam confirmed it has regularly provided information to the stock exchanges concerning events or information that could impact its operations or performance.

The company explicitly attributed the recent increase in share volume to prevailing market conditions, stating it is "purely due to market conditions and is market driven." Sheela Foam reiterated its commitment to promptly inform the stock exchanges of all material events, information, and actions, as mandated by the SEBI (LODR) Regulations, 2015.

The clarification was signed by Md. Iquebal Ahmad, company secretary & compliance officer of Sheela Foam Limited.