Stylam Industries Completes Board Restructuring with Additional Changes
Stylam Industries Limited completed comprehensive board restructuring following shareholders agreement with Aica Kogyo Company Limited. The company held two board meetings in February 2026, accepting resignations from five directors including Sachin Bhatla, Tirloki Nath Singla, Vinod Kumar, Manav Gupta, and Rajesh Gill. Two new directors were appointed: Nobuyoshi Sakai as Non-Executive Nominee Director and Santosh Kumar Agrawal as Non-Executive Independent Director. The company also completed reclassification of erstwhile promoters Pushpa Gupta and Dipti Gupta following transfer of 45,96,768 equity shares representing 27.12% stake to Aica Kogyo Company Limited.
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Stylam Industries Limited has completed comprehensive board restructuring following two significant board meetings in February 2026. The changes stem from a shareholders agreement executed on December 26, 2025, involving the company and Aica Kogyo Company Limited.
Initial Board Meeting and Director Changes
The first board meeting was conducted from 04:00 PM to 04:30 PM on February 13, 2026, in compliance with Regulation 30 of SEBI LODR Regulations. The company filed detailed disclosures with BSE (Scrip Code: 526951) and NSE (Trading Symbol: STYLAMIND).
| Meeting Parameter: | Details |
|---|---|
| Reference Number: | SIL/CHD/2025-26/13022026 |
| Meeting Duration: | 04:00 PM to 04:30 PM |
| Regulatory Framework: | SEBI LODR Regulations 2015 |
| Documentation: | Complete annexures and profiles submitted |
The board accepted resignations from three key directors, all effective from closure of business hours on February 13, 2026:
| Director Name: | Position | DIN | Committee Roles |
|---|---|---|---|
| Sachin Bhatla: | Whole Time Director & Occupier | 08182443 | Factory Act responsibilities |
| Tirloki Nath Singla: | Non-Executive Non-Independent | 00182154 | Multiple committee memberships |
| Vinod Kumar: | Non-Executive Independent | 08576194 | Chairman of ESG and Risk Management |
New Director Appointments
The board approved two new director appointments, both subject to shareholder approval:
| Director: | Position | Term | Background |
|---|---|---|---|
| Nobuyoshi Sakai: | Non-Executive Nominee Director | February 13, 2026 to February 12, 2031 | Senior Executive Officer at Aica Kogyo |
| Santosh Kumar Agrawal: | Non-Executive Independent Director | February 13, 2026 to February 12, 2031 | Orthopaedic and Trauma Surgeon |
Subsequent Board Meeting Outcomes
A second board meeting held on February 18, 2026, from 10:00 AM to 11:30 AM addressed additional changes:
| Action Item: | Details |
|---|---|
| Additional Resignations: | Manav Gupta (DIN: 03091842) and Rajesh Gill (DIN: 10753626) |
| Effective Date: | Closure of business hours on February 17, 2026 |
| Remuneration Increases: | Approved for Jagdish Gupta and Manit Gupta |
| Reference Number: | SIL/CHD/2025-26/18022026 |
Manav Gupta resigned as Whole Time Director, while Rajesh Gill stepped down as Non-Executive Independent Director. Both resignations were linked to the change in company control following the shareholders agreement with Aica Kogyo Company Limited.
Promoter Reclassification
The company completed reclassification of erstwhile promoters following share transfers to Aica Kogyo Company Limited:
| Share Transfer Details: | Shares | Percentage | Date |
|---|---|---|---|
| Tranche 1A (Pushpa Gupta): | 16,94,806 | 10.00% | February 13, 2026 |
| Tranche 1B (Collective): | 29,01,962 | 17.12% | February 17, 2026 |
| Total Transfer: | 45,96,768 | 27.12% | - |
Pushpa Gupta and Dipti Gupta, previously categorized as promoter and promoter group members, ceased to hold any equity shares and were reclassified in accordance with Regulation 31A(10) of SEBI LODR Regulations. The reclassification requirements were satisfied, including disclosure in the open offer documents and compliance confirmations from the erstwhile promoters.
Leadership Transition
The organizational changes included:
| Change Type: | Details |
|---|---|
| Chairman Transition: | Sunil Kumar Sood (DIN: 01191059) appointed as new Chairman |
| Managing Director: | Jagdish Gupta continues in existing role |
| Occupier Appointment: | Manit Gupta (DIN: 00889528) designated under Factories Act, 1948 |
| Special Rights: | Grant of acquirer special rights to AICA Kogyo Company Limited |
The board also approved increases in managerial remuneration for both Jagdish Gupta, Managing Director, and Manit Gupta, Whole Time Director, subject to shareholder approval.
All appointments remain subject to shareholder approval, and the company has confirmed compliance with regulatory requirements. Complete information is available on the company's website at www.stylam.com under the investors section.
Historical Stock Returns for Stylam Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.08% | +0.46% | +1.33% | +34.38% | +33.54% | +74.18% |
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