Aica Kogyo Acquires 10% Stake in Stylam Industries Limited for ₹16.95 Lakh Shares

Japanese company Aica Kogyo Company Limited has made a significant investment in the Indian market by acquiring a 10% stake in Stylam Industries Limited. The acquisition, completed on 13 February 2026, involved the purchase of 16,94,906 equity shares through an off-market transaction, establishing Aica Kogyo as a new promoter with joint control over the target company. Acquisition Details and Structure The transaction was executed under comprehensive share purchase agreements signed on 26 December 2025. The acquisition details are structured as follows: Parameter: Details Shares Acquired: 16,94,906 equity shares Ownership Percentage: 10% of total share capital Transaction Mode: Off-market Transaction Date: 13 February 2026 Total Share Capital: 1,69,48,060 equity shares Multi-Phase Acquisition Strategy This acquisition represents the initial phase of Aica Kogyo's broader investment strategy in Stylam Industries. The Japanese company has entered into two separate share purchase agreements (SPA 1 and SPA 2) with different seller groups, planning to acquire up to 67,79,224 equity shares representing 40% of the company's total share capital. Planned Acquisition Phases The acquisition strategy includes multiple tranches: Tranche 1A: 16,94,806 shares (10%) from Pushpa Gupta - completed Tranche 1B: 29,01,962 shares (17.12%) from Seller Group 1 - pending SPA 2 First Closing: 100 shares from Jagdish Gupta - completed Additional Acquisition: Up to 21,82,356 shares (12.88%) from Seller Group 2 if needed Open Offer Initiative Aica Kogyo has also launched an open offer to acquire an additional 44,06,496 equity shares, representing 26% of Stylam Industries' share capital from public shareholders. The company issued a public announcement on 26 December 2025, followed by a detailed public statement on 1 January 2026 and a draft letter of offer on 9 January 2026. Shareholding Transformation The acquisition marks a significant change in Aica Kogyo's relationship with Stylam Industries: Status: Before Acquisition After Acquisition Shareholding: 0 shares (0%) 16,94,906 shares (10%) Promoter Status: Non-promoter Promoter with joint control Voting Rights: 0% 10% Regulatory Compliance The disclosure has been made under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Stylam Industries' shares are listed on both BSE Limited and the National Stock Exchange of India Limited, ensuring comprehensive market coverage for the transaction. The acquisition was authorized by Nobuyoshi Sakai, Senior Executive Officer of Aica Kogyo Company Limited, with the formal documentation completed in Aichi, Japan. This strategic investment demonstrates the growing interest of Japanese companies in Indian manufacturing and industrial sectors. Stylam Industries Limited has completed a comprehensive board restructuring following its board meeting on February 13, 2026. The changes stem from a shareholders agreement executed on December 26, 2025, involving the company and Aica Kogyo Company Limited. Board Meeting Details and Regulatory Compliance The board meeting was conducted from 04:00 PM to 04:30 PM on February 13, 2026, in compliance with Regulation 30 of SEBI LODR Regulations. The company has filed detailed disclosures with BSE (Scrip Code: 526951) and NSE (Trading Symbol: STYLAMIND), with comprehensive annexures and resignation letters submitted to regulatory authorities. Meeting Parameter: Details Reference Number: SIL/CHD/2025-26/13022026 Meeting Duration: 04:00 PM to 04:30 PM Regulatory Framework: SEBI LODR Regulations 2015 Documentation: Complete annexures and profiles submitted Director Resignations The board accepted resignations from three key directors, all effective from closure of business hours on February 13, 2026: Director Name: Position DIN Committee Roles Sachin Bhatla: Whole Time Director & Occupier 08182443 Factory Act responsibilities Tirloki Nath Singla: Non-Executive Non-Independent 00182154 Multiple committee memberships Vinod Kumar: Non-Executive Independent 08576194 Chairman of ESG and Risk Management All resignations are attributed to the change in company control pursuant to the shareholders agreement with Aica Kogyo Company Limited. The directors confirmed no other material reasons existed for their departures beyond the management transition. New Director Appointments The board approved two new director appointments, both subject to shareholder approval: Nobuyoshi Sakai - Additional Nominee Director Parameter: Details DIN: 11505178 Position: Non-Executive Nominee Director Term: February 13, 2026 to February 12, 2031 Background: Senior Executive Officer at Aica Kogyo Education: Business Administration, Yokohama National University (1992) Sakai brings extensive experience from INAX Corporation and Aica Kogyo Company Limited, where he has held various senior positions including Vice-President of Wilsonart Shanghai and currently serves as Senior Executive Officer in Corporate Planning. Santosh Kumar Agrawal - Additional Independent Director Parameter: Details DIN: 00603098 Position: Non-Executive Independent Director Term: February 13, 2026 to February 12, 2031 Profession: Orthopaedic and Trauma Surgeon Current Role: Managing Director, Chandigarh Hospitals & Research Centre Dr. Agrawal holds multiple medical qualifications including MBBS, MS Orthopaedics, M.Ch. Orthopaedics from Liverpool, and F.A.S.I.F. from Switzerland, with over four decades of clinical experience. Leadership and Committee Changes The company implemented several organizational changes: Change Type: Details Chairman Transition: Sunil Kumar Sood (DIN: 01191059) appointed as new Chairman Managing Director: Jagdish Gupta continues in existing role Occupier Appointment: Manit Gupta (DIN: 00889528) designated under Factories Act, 1948 Committee Restructuring: Complete reconstitution of all board committees Special Rights: Grant of acquirer special rights to AICA Kogyo Company Limited The appointments are subject to shareholder approval, and the company has confirmed that neither new director is debarred from holding directorship positions by SEBI or other regulatory authorities. All required information is available on the company's website at www.stylam.com under the investors section. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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