Stylam Industries Limited has announced the conclusion of the open offer by Aica Kogyo Company, Limited. The offer, which opened on April 22, 2026, and closed on May 6, 2026, sought to acquire up to 44,06,496 equity shares representing 26% of the voting share capital at a price of ₹2,250 per share. The post-offer advertisement was filed with the exchanges on May 20, 2026.

According to the filing, a total of 4,66,116 equity shares were tendered and accepted by the acquirer. Consequently, Aica Kogyo acquired a 2.75% stake through the open offer. Combined with the 67,79,224 shares (40% stake) acquired via agreements prior to the offer, the acquirer's total post-offer shareholding stands at 50,62,984 equity shares, representing 29.87% of the voting share capital. The payment of consideration was completed on May 13, 2026.

The acquirer intends to acquire at least 67,79,224 equity shares representing 40% of the voting share capital pursuant to the Share Purchase Agreement (SPA). The second closing under SPA 2 is yet to be consummated and will be finalized within the timelines prescribed under the SEBI (SAST) Regulations. ICICI Securities Limited acted as the manager to the offer, while MUFG Intime India Private Limited served as the registrar.

Stylam Industries has reported audited standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 07, 2026. Pursuant to Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published extracts of the audited financial results in the Financial Express (English) and Jansatta (Hindi) on May 08, 2026. The investor presentation was also filed with the stock exchanges on May 07, 2026. On a year-on-year basis, Q4 EBITDA improved to 552M rupees from 429M rupees, with the EBITDA margin expanding to 19.5% from 16.19%, reflecting stronger operational efficiency. Q4 revenue stood at 2.8B rupees compared to 2.65B rupees in the same period last year.

Key Q4 Operational Highlights

The latest quarterly data underscores a meaningful improvement in operating performance. The table below summarises the key Q4 EBITDA metrics on a year-on-year basis:

Standalone Q4 and Full-Year Performance

On a standalone basis, Stylam Industries delivered a robust improvement in profitability across both the quarter and the full year. The following table presents the key standalone financial metrics:

Standalone revenue from operations for the full year grew to ₹1,12,929.39 lakh from ₹1,02,508.95 lakh in the prior year. Total expenses on a standalone basis stood at ₹93,313.62 lakh for FY26 compared to ₹86,768.94 lakh in FY25, with cost of materials consumed at ₹61,399.81 lakh and employee benefits expense at ₹9,593.30 lakh for the year.

Consolidated Q4 and Full-Year Performance

The consolidated results, which include wholly-owned subsidiary Stylam Panels Limited, reflect a similar trajectory of growth. Key consolidated financial metrics are presented below:

Capacity Expansion and Regulatory Disclosures

Stylam Industries is expanding its manufacturing capacity with a new plant in Panchkula, Haryana, which will be its third laminates plant. Operations at the new facility are expected to commence in June 2026, with construction progressing well. The company has maintained a debt-free non-current borrowings position as at March 31, 2026, with long-term borrowings reported at nil on both standalone and consolidated bases. The paid-up equity share capital remained unchanged at ₹847.40 lakh, comprising shares of ₹5 face value each. Pursuant to Regulation 47(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the newspaper advertisement was published in Financial Express (English) and Jansatta (Hindi) on May 08, 2026, and the results are also available on the company's website at www.stylam.com . The investor presentation filed under Regulation 30 was submitted by Company Secretary & Compliance Officer Dhiraj Kheriwal on May 07, 2026.