Announced Wed, 17 Jun · 16:23 IST
Stylam board reshuffled: Aica Kogyo gets 8 director seats and special rights
Management Changes 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
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+0.2+0.3-0.2+0.3+0.9-4.0-5.5-1.1-1.7-2.4-0.9+2.8——
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AI summary
Stylam Industries' board on June 17, 2026 approved appointing 8 new directors under its Dec 2025 shareholders' pact with Japan's Aica Kogyo. Aica gets up to 8 board seats (including 1 Executive WTD), with quorum requiring Aica directors as majority. CA Tirloki Nath Singla joins as Independent Director for 5 years. Remuneration hiked for MD Jagdish Gupta and WTD Manit Gupta. AOA amended to grant Aica special rights.
Likely market impact
Major governance shift - Japanese partner Aica Kogyo gains 8 board seats with quorum control. AOA amended to give Aica special rights, may dilute promoter influence.