Stylam Industries Limited has informed the Exchange regarding Resignation of Mr. Sachin Bhatla as Executive Director of the company w.e.f. February 13, 2026.
STYLAMIND · price
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.9 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.
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Stylam Industries' board accepted the resignations of three directors effective February 13, 2026: Sachin Bhatla (Whole Time Director), Tirloki Nath Singla (Non-Executive Non-Independent Director), and Vinod Kumar (Non-Executive Independent Director). All three resignations are linked to a Share Purchase Agreement dated December 26, 2025, between Stylam, Japan's Aica Kogyo Company, and the Gupta promoter family, pointing to a change in control of the company. Two new directors were appointed: Nobuyoshi Sakai, a senior Aica Kogyo executive, as an Additional Nominee Non-Executive Director, and Santosh Kumar Agrawal as an Additional Non-Executive Independent Director, both for a 5-year term subject to shareholder approval. Jagdish Gupta stepped down as Chairman but continues as Managing Director, while existing Independent Director Sunil Kumar Sood was appointed as the new Chairman. Aica Kogyo was also granted special acquirer rights, and multiple board committees (Audit, NRC, SRC, Risk Management, CSR, ESG) were reconstituted.
This is a major change-in-control event, with Japanese laminate maker Aica Kogyo gaining board influence and special rights. While the Gupta family retains managing control, investors should expect strategic shifts and monitor shareholder approvals for the new director appointments. The transition is orderly, but the corporate structure is being reshaped around the new ownership arrangement.