Announced Wed, 17 Jun · 16:32 IST
Stylam board reshuffle: 8 new directors, Aica Kogyo gets special rights
Management Changes View source PDF
STYLAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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
On June 17, 2026, Stylam Industries board approved appointing 8 new directors, including Tirloki Nath Singla as Independent Director, and 7 others mostly from Japanese partner Aica Kogyo. The board also approved amending Articles of Association to grant Aica special rights, including nominating up to 8 directors and forming a majority quorum. Remuneration of MD Jagdish Gupta and WTD Manit Gupta was increased. All appointments need shareholder approval.
Likely market impact
Major board reshuffle with partner Aica Kogyo gaining 8 director seats and majority quorum. Signals deeper Japanese partnership and strategic control shift.