Sheela Foam Clarifies Movement in Price/Volume

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Sheela Foam has clarified the movement in the company's shares, stating that it is purely due to market conditions and is market driven.

The company informed the exchange that it is following the compliances of Regulation 30 and all other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and has been regular in providing information to the Stock Exchanges of all events or information which have a bearing on the operation/performance of the Company.

The company further assured that it shall continue to promptly inform the Stock Exchanges of all material events/information/actions, as required under the SEBI (LODR) Regulations, 2015.