Stylam Industries Limited has announced that its Board of Directors will convene on January 23, 2026, to review and approve the company's third quarter financial performance for FY26. The meeting, scheduled to be held through video conferencing, will focus on considering the unaudited financial results for both standalone and consolidated operations.

Meeting Details and Regulatory Compliance

The board meeting has been scheduled in accordance with Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally notified both BSE Limited and National Stock Exchange of India Limited about the upcoming meeting through an official communication dated January 16, 2026.

Trading Window Restrictions

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code on prohibition of insider trading, Stylam Industries has implemented trading window restrictions. The trading window for dealing in the company's securities has been closed for all directors, officers, key managerial personnel, and designated persons effective January 1, 2026.

Financial Results Coverage

The board will review comprehensive financial performance data covering both quarterly and nine-month periods. The unaudited financial results will include both standalone and consolidated figures, providing stakeholders with a complete view of the company's operational and financial performance during the third quarter of FY26.

Corporate Communication

The official notification was signed by Dhiraj Kheriwal, Company Secretary and Compliance Officer, and communicated to both major stock exchanges where the company's shares are listed. This formal communication ensures transparency and regulatory compliance in line with corporate governance standards.

Japanese company Aica Kogyo Company Limited has formally completed the regulatory documentation process for its open offer to acquire up to 44,06,496 equity shares of Stylam Industries , representing 26% of the company's voting share capital. The target company has officially received and acknowledged the detailed public statement through ICICI Securities Limited.

Regulatory Compliance and Documentation

Stylam Industries has issued a formal intimation under Regulation 30 of SEBI LODR Regulations, confirming receipt of the detailed public statement from Aica Kogyo Company Limited. The documentation was received on January 2, 2026, through ICICI Securities Limited, the appointed manager for the open offer.

Open Offer Structure and Timeline

The acquisition involves multiple transaction phases through share purchase agreements dated December 26, 2025. The detailed public statement outlines the comprehensive structure for acquiring up to 67,79,224 equity shares representing 40% of the issued share capital from existing promoters and shareholders.

Management and Governance Changes

The detailed public statement reveals significant governance restructuring plans following the acquisition. Aica Kogyo will acquire joint control over Stylam Industries and become a joint promoter alongside the existing promoter group. The board composition will be restructured with Aica Kogyo nominating up to 8 directors and recommending 1 independent director.

Strategic Partnership Framework

The transaction establishes a comprehensive shareholders' agreement governing the relationship between Aica Kogyo and the existing promoter group. The agreement includes provisions for call options, tag-along rights, and specific governance mechanisms to ensure smooth operational integration.

The acquisition represents Aica Kogyo's strategic entry into the Indian laminates and building materials market, leveraging Stylam Industries' established manufacturing capabilities and market presence. The Japanese company operates primarily in chemical products and laminates segments, making this acquisition strategically aligned with its core business operations.

Regulatory Approvals and Next Steps

The open offer proceeds under SEBI SAST Regulations with all necessary regulatory filings completed. Public shareholders will receive the letter of offer by February 11, 2026, with the committee of independent directors required to provide recommendations by February 16, 2026. The transaction demonstrates compliance with all applicable foreign investment regulations and stock exchange requirements.