Announced Wed, 17 Jun · 16:09 IST
Stylam board approves 8 new directors, AOA change for Aica Kogyo
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STYLAMIND · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹3316.50
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₹3320.10
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AI summary
Stylam Industries board on June 17, 2026 approved 8 new director appointments, amendment of Articles of Association, and special rights for Japan-based Aica Kogyo Company. Aica gets right to nominate up to 8 directors who will form majority quorum. New directors include 1 Independent (Tirloki Nath Singla) and 7 Aica representatives. Remuneration of MD Jagdish Gupta and WTD Manit Gupta was increased. All items need shareholder approval.
Likely market impact
Major board restructuring. Aica Kogyo gains significant control with 8 board seats and majority quorum. Promoter pay hiked. Pending shareholder approval.