Stylam Industries Limited has informed the Exchange regarding Appointment of Mr. Santosh Kumar Agrawal as Non- Executive Independent Director of the company w.e.f. February 13, 2026.
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Stylam Industries announced a major board overhaul on February 13, 2026, following a Share Purchase Agreement signed on December 26, 2025, with Japan's Aica Kogyo Company. Three directors resigned: Sachin Bhatla (Whole Time Director), Tirloki Nath Singla (Non-Executive Non-Independent Director), and Vinod Kumar (Non-Executive Independent Director). Two new directors were appointed: Nobuyoshi Sakai, a senior executive at Aica Kogyo, as Nominee Director, and Dr. Santosh Kumar Agrawal as Independent Director. Jagdish Gupta stepped down as Chairman (but continues as Managing Director) and was replaced by existing Independent Director Sunil Kumar Sood. The board also granted Aica Kogyo special acquirer rights and reconstituted all key committees.
This is a significant change-of-control event — Japanese firm Aica Kogyo has effectively gained influence over Stylam's board and governance, which could bring strategic shifts, capital infusion, or new business direction. Shareholders should watch for further announcements on Aica Kogyo's stake size and any open offer obligations under takeover norms.