Announced Wed, 17 Jun · 15:53 IST
Stylam board appoints 8 directors, grants special rights to Aica Kogyo
Board & Shareholder Meetings View source PDF
STYLAMIND · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹3316.50
prior close
₹3320.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.3-0.2+0.3+0.9-4.0-5.5-1.1-1.7-2.4-0.9+2.8——
Up moveDown movePending
AI summary
Board approved 8 new director appointments (1 independent, 6 non-executive, 1 executive whole-time) and amendment of Articles of Association to grant special rights to Aica Kogyo Company. Aica gets right to nominate up to 8 directors and Aica nominees will form majority of board quorum. Managerial remuneration of MD Jagdish Gupta and WTD Manit Gupta also increased. All decisions stem from a December 26, 2025 shareholders agreement. Subject to shareholder approval.
Likely market impact
Major board restructuring gives Japanese partner Aica Kogyo significant control. Signals deepening strategic partnership. Awaiting shareholder approval.