Seller Group 1, comprising Pushpa Gupta, Dipti Gupta, and Manav Gupta, has revised disclosures submitted to BSE Limited regarding the transfer of a 27.12% stake in Stylam Industries Limited to Aica Kogyo Company, Limited. The revision was submitted on June 29, 2026, to address discrepancies identified by the exchange and to present shareholding movements on a date-wise and transaction-wise basis. The underlying transactions remain unchanged, with the sellers clarifying that no new transactions have occurred.

The transfer of 45,96,768 equity shares was executed in two tranches. Tranche 1A involved the sale of 16,94,806 equity shares, representing 10% of the paid-up capital, by Pushpa Gupta on February 13, 2026. Tranche 1B involved the sale of 29,01,962 equity shares, representing 17.12% of the paid-up capital, by Pushpa Gupta, Dipti Gupta, and Manav Gupta on February 17, 2026. Following the completion of the second tranche, Seller Group 1 ceased to hold any equity shares in Stylam Industries Limited.

Shareholding Details

The revised disclosures capture the specific shareholding movements of the sellers prior to and following the transactions. The table below details the breakdown of shares sold in Tranche 1B.

Regulatory Classification

Pursuant to the sale of shares, Pushpa Gupta and Dipti Gupta have been de-classified from the 'promoter and promoter group' of Stylam Industries Limited in accordance with Regulation 31A(10) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manav Gupta, related to the other sellers, was previously classified as a public shareholder. The disclosures were submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Stylam Industries disclosed that its promoter group held 54.11% of the total equity shares as on March 31, 2026. The declaration was made to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing confirms that the promoters did not create any encumbrance on shares, directly or indirectly, during the financial year ended March 31, 2026.

The total promoter shareholding consists of 91,69,952 equity shares. The disclosure was submitted by Jagdish Gupta on behalf of the promoter and promoter group of Stylam Industries.

Breakdown of Promoter Holdings

The shareholding is distributed among five members of the promoter group. Aica Kogyo Company Limited holds the largest stake among the promoters.

Jagdish Gupta, acting as a representative for the promoter group, signed the disclosure. The document was addressed to the Listing Departments of BSE Limited and National Stock Exchange of India Ltd to update their records regarding the company's shareholding pattern.