Stylam Industries: AICA Kogyo takes control, 2 directors exit

Kmp ResignedMultiple Ind Directors ResignedManagement Changes View source PDF Explain this filing

STYLAMIND · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹2224.70

prior close

₹2230.10

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%+0.3% vs market

Plywood Boards/ Laminates peers, median of 11sector+0.5%+0.1% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.1 pts more 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

+0.2

10m

+0.0

15m

+0.0

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.3+0.3+0.5+0.1

Next day

+0.5-1.1+1.6-0.4+0.8

-0.4-1.3+0.9-1.8+1.4

-0.6-1.1+0.6-1.8+1.2

-0.4-2.4+2.0-2.7+2.2

-0.2-2.2+2.0-2.2+2.0

+0.0-3.0+3.0-4.0+4.0

15d

-0.5-7.5+7.0-10.2+9.7

-0.4-7.4+7.0-10.6+10.2

+0.7+1.9-1.2-2.6+3.3

+26.3+3.6+22.7-7.2+33.5

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 of Japan bought 27.12% stake from promoters via Dec 2025 SPA, taking control of Stylam. Manav Gupta (Whole Time Director) and Rajesh Gill (Independent Director) resigned effective Feb 17 citing management change. Pushpa Gupta and Dipti Gupta reclassified as public shareholders. MD Jagdish Gupta and WTD Manit Gupta to get higher pay. Open offer for additional 26% ongoing.

Likely market impact

Change of control to AICA Kogyo (Japan) brings strategic shift. Board reshuffle done; open offer for 26% more stake ongoing.