Announced Wed, 17 Jun · 16:34 IST
Stylam Industries appoints 8 directors, grants special rights to Aica Kogyo
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
timing
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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 approved 8 director appointments effective June 17, 2026: 7 nominees from Japanese partner Aica Kogyo (Kenji Ebihara, Naruhiro Amada as WTD, Nobuyuki Omura, Yuji Iwatsuka, Koshi Suzuki, Makoto Tanaka, Adisak Thiaphairat) and CA Tirloki Nath Singla as Independent Director. Aica also gets special rights under revised AOA including nominating up to 8 directors while holding 5% stake. Remuneration hiked for MD Jagdish Gupta and WTD Manit Gupta.
Likely market impact
Japanese partner Aica gains major board influence with 7 seats and special rights; existing promoter remuneration also increased.