News Stocks Stylam Industries Board Approves ₹35.63 Lakh Write-Off of Malaysian Associate InvestmentStylam Industries Board Approves ₹35.63 Lakh Write-Off of Malaysian Associate Investment
Stylam Industries Limited's board approved writing off ₹35.63 lakh investment in Malaysian associate Alca Vstyle Sdn. Bhd on January 23, 2026, due to continuous losses and net worth erosion. The equity investment write-off, classified as a related party transaction, will have no impact on the company's financials, with full regulatory disclosures made under SEBI Listing Regulations.
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Stylam industries Limited's Board of Directors has approved the write-off of its investment in Malaysian associate company Alca Vstyle Sdn. Bhd, valued at ₹35.63 lakh. The decision was taken during the board meeting held on January 23, 2026, and disclosed to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Investment Write-Off Details
The company has provided comprehensive details regarding the investment write-off as mandated by regulatory requirements. The following table summarizes the key aspects of this corporate action:
| Parameter: | Details |
|---|---|
| Associate Company: | Alca Vstyle Sdn. Bhd, Malaysia |
| Investment Type: | Equity Shares |
| Write-Off Amount: | ₹35.63 lakh |
| Board Approval Date: | January 23, 2026 |
| Transaction Classification: | Related Party Transaction |
Reasons for Write-Off
The board's decision to write off the investment stems from the deteriorating financial condition of the Malaysian associate. The company cited continuous losses and erosion of net worth of Alca Vstyle Sdn. Bhd as primary factors leading to the non-recoverability of the investment. This assessment reflects the challenging operational environment faced by the associate company in Malaysia.
Financial Impact Assessment
Despite the write-off of ₹35.63 lakh, Stylam Industries has stated that there will be no impact on the company's financials. This suggests that appropriate provisions may have already been made in the books of accounts, or the investment value had been adequately adjusted in previous reporting periods. The transaction has been classified as a related party transaction, though the company noted that arm's length pricing considerations are not applicable in this context.
Regulatory Compliance
The disclosure was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary and Compliance Officer Dhiraj Kheriwal signed the regulatory filing, ensuring all mandatory disclosures were completed. The company has confirmed that no other material information pertains to this transaction, indicating a straightforward write-off process without additional complications or contingent liabilities.
Historical Stock Returns for Stylam Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.30% | -2.15% | -3.49% | +24.70% | +7.35% | +70.18% |
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