Aica Kogyo acquires 27.12% in Stylam, open offer for additional 26%

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

STYLAMIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹2217.00

prior close

₹2222.00

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-0.6% vs market

Plywood Boards/ Laminates peers, median of 11sector-0.2%+0.5% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.5 pts more than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.3+1.0-0.6-0.2+0.5

Next day

+1.0+1.3-0.3+0.6+0.4

+0.8-0.2+1.0-0.6+1.4

-0.0-0.3+0.3-1.9+1.9

-0.2-0.2-0.1-1.7+1.5

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+0.1-1.0+1.1-3.3+3.4

15d

+0.1-6.3+6.4-9.9+10.0

+0.6-9.0+9.5-13.5+14.0

+1.3+3.5-2.2-0.1+1.4

+26.7+4.6+22.1-8.0+34.8

UpDownMarket · Nifty Microcap 250Sector · Plywood Boards/ Laminates peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Japan's Aica Kogyo acquired 27.12% (45,96,868 shares) in Stylam Industries via share purchase agreements with the promoter group in two tranches on Feb 13 and Feb 17, 2026 at INR 2,250 per share. Aica Kogyo is now classified as joint promoter. An open offer for additional 26% (44,06,496 shares) from public is open. If fully subscribed, total holding could reach 53.12%.

Likely market impact

Takeover by Japanese firm Aica Kogyo. Promoter group exiting. Open offer for 26% from public. Change of control underway.