Aica Kogyo Company Ltd has submitted to the Exchange a copy of Disclosure by acquire for shares/voting rights acquired during the offer period under Regulation 18(6) in terms of SEBI (SAST) Regulation. 2011
STYLAMIND · price
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Aica Kogyo Company, Limited (a Japanese firm) has disclosed the acquisition of 16,94,906 equity shares (10% of share capital) of Stylam Industries Limited on 13 February 2026 at INR 292.50 per share, off-market, from Pushpa Gupta and Jagdish Gupta. This is the first closing under two Share Purchase Agreements signed on 26 December 2025, under which Aica Kogyo will ultimately acquire up to 67,79,224 shares (40%) from the existing promoter-family sellers. Alongside the SPAs, Aica Kogyo has launched an open offer to public shareholders for an additional 44,06,496 shares (26%), taking maximum potential holding to about 53.12% of Stylam. With this first tranche, Aica Kogyo has become a joint controller and will be classified as a promoter of Stylam Industries.
This marks the entry of a Japanese strategic acquirer as promoter of Stylam Industries, with a phased takeover from the founding Gupta family. For existing public shareholders, the open offer provides an exit at INR 292.50 per share; the stock may see volatility around offer timelines and completion of remaining tranches.