Sheela Foam attributes share price movement to market conditions

Sheela Foam Limited, through a letter dated September 10, 2025, addressed to The BSE Limited, provided clarification regarding the movement in the price and volume of its shares. The company stated that it is in compliance with Regulation 30 and all other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It regularly provides information to the stock exchanges concerning events or information that could impact its operations or performance.

The company explicitly stated that the recent movement observed in the volume of its shares is purely attributable to existing market conditions and is market-driven. Sheela Foam also assured the stock exchanges that it would continue to promptly disclose all material events, information, and actions as required under the SEBI (LODR) Regulations, 2015.

The clarification was signed by md. iquebal ahmad, company secretary and compliance officer of Sheela Foam Limited, confirming the company's commitment to transparency and regulatory adherence.