Stylam Industries Limited has informed the Exchange regarding Resignation of Mr. Tirloki Nath Singla as Non- Executive Director of the company w.e.f. February 13, 2026.
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Stylam Industries announced sweeping board changes effective February 13, 2026, following a Share Purchase Agreement dated December 26, 2025 with Japan's Aica Kogyo Company, Limited. Three directors resigned: Mr. Sachin Bhatla (Whole Time Director), Mr. Tirloki Nath Singla (Non-Executive Non-Independent Director), and Mr. Vinod Kumar (Non-Executive Independent Director). Two new directors were appointed: Mr. Nobuyoshi Sakai as Non-Executive Nominee Director (representing Aica Kogyo) and Dr. Santosh Kumar Agrawal as Non-Executive Independent Director. Mr. Jagdish Gupta stepped down as Chairman but continues as Managing Director, and Mr. Sunil Kumar Sood (existing Independent Director) took over as new Chairman. Aica Kogyo was also granted special acquirer rights, and six board committees were reconstituted. Mr. Manit Gupta was appointed as the 'Occupier' under the Factories Act.
This is a significant change-of-control event with Japanese laminate major Aica Kogyo taking over the board. While the promoter family retains operational control through Jagdish and Manit Gupta, the new acquirer's nominee presence signals a strategic shift. Shareholders should watch for any changes in business direction, capital allocation, or strategic priorities that may emerge under the new ownership structure.