News Stocks Stylam Industries Board Meeting Outcome: Director Resignations and New AppointmentsStylam Industries Board Meeting Outcome: Director Resignations and New Appointments
Stylam Industries Limited has executed a comprehensive board restructuring following a shareholders agreement with Aica Kogyo Company Limited. The company accepted resignations from three directors including Whole Time Director Sachin Bhatla and appointed two new directors - Nobuyoshi Sakai from Aica Kogyo as Nominee Director and Dr. Santosh Kumar Agrawal as Independent Director. Additionally, Sunil Kumar Sood was appointed as new Chairman while all board committees were reconstituted in compliance with regulatory requirements.
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Stylam Industries Limited has completed a comprehensive board restructuring following its board meeting on February 13, 2026. The changes stem from a shareholders agreement executed on December 26, 2025, involving the company and Aica Kogyo Company Limited.
Director Resignations
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 |
All resignations are attributed to the change in company control pursuant to the shareholders agreement with Aica Kogyo Company Limited. The directors confirmed no other material reasons existed for their departures beyond the management transition.
New Director Appointments
The board approved two new director appointments, both subject to shareholder approval:
Nobuyoshi Sakai - Additional Nominee Director
| Parameter: | Details |
|---|---|
| DIN: | 11505178 |
| Position: | Non-Executive Nominee Director |
| Term: | February 13, 2026 to February 12, 2031 |
| Background: | Senior Executive Officer at Aica Kogyo |
| Education: | Business Administration, Yokohama National University (1992) |
Sakai brings extensive experience from INAX Corporation and Aica Kogyo Company Limited, where he has held various senior positions including Vice-President of Wilsonart Shanghai and currently serves as Senior Executive Officer in Corporate Planning.
Santosh Kumar Agrawal - Additional Independent Director
| Parameter: | Details |
|---|---|
| DIN: | 00603098 |
| Position: | Non-Executive Independent Director |
| Term: | February 13, 2026 to February 12, 2031 |
| Profession: | Orthopaedic and Trauma Surgeon |
| Current Role: | Managing Director, Chandigarh Hospitals & Research Centre |
Dr. Agrawal holds multiple medical qualifications including MBBS, MS Orthopaedics, M.Ch. Orthopaedics from Liverpool, and F.A.S.I.F. from Switzerland, with over four decades of clinical experience.
Leadership and Committee Changes
The company implemented several organizational changes:
| 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 |
| Committee Restructuring: | Complete reconstitution of all board committees |
| Special Rights: | Grant of acquirer special rights to AICA Kogyo Company Limited |
Regulatory Compliance
The board meeting, which commenced at 04:00 PM and concluded at 04:30 PM, was conducted in compliance with Regulation 30 of SEBI LODR Regulations. All required disclosures and annexures have been submitted to BSE and NSE, with detailed information available on the company's website at www.stylam.com under the investors section.
The appointments are subject to shareholder approval, and the company has confirmed that neither new director is debarred from holding directorship positions by SEBI or other regulatory authorities.
Historical Stock Returns for Stylam Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.53% | +0.91% | +1.51% | +33.16% | +23.90% | +73.47% |
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