Aica Kogyo (Japan) triggers open offer for 26 percent stake in Stylam Industries at Rs 2,250 per share

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

-3.3%Reaction day

₹2250.00

prior close

₹2259.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%-2.5% vs market

Plywood Boards/ Laminates peers, median of 11sector-1.1%-2.2% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.2 pts less than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-1.9

15m

-1.8

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3-0.8-2.5-1.1-2.2

Next day

-2.9-0.8-2.0-1.3-1.6

-0.9+0.6-1.4-1.1+0.2

+0.1+0.8-0.7+0.4-0.3

-2.2+1.7-3.9-0.0-2.2

-2.3+2.0-4.3-1.3-1.0

-1.3+1.3-2.6-0.6-0.8

15d

-3.3-7.1+3.8-9.1+5.7

-2.9-6.8+3.9-5.9+3.0

-1.6-7.1+5.5-13.3+11.7

-3.5-15.7+12.3-27.2+23.8

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

Aica Kogyo Company (Japan) will acquire up to 40 percent stake in Stylam Industries from existing promoters via two share purchase agreements signed on Dec 26, 2025. This triggers a mandatory open offer for an additional 26 percent (44.06 lakh shares) from public shareholders at Rs 2,250 per share, totaling about Rs 991.46 crore. Aica Kogyo is a publicly listed Japanese firm; it will gain control and become joint promoter alongside the existing promoter group.

Likely market impact

Offer price of Rs 2,250 acts as a near-term floor for the stock. Signals strategic promoter exit and entry of a Japanese acquirer with joint control.