Stylam Industries Limited
Stylam Industries is engaged in the manufacturing of decorative laminates under the brand name “STYLAM” and exports its products primarily to European and South East Asian countries.It manufactures a wide range of high-quality decorative laminates, specialty surfaces, PU+ lacquer coating, solid surfaces and compact laminates.
What Stylam files
- Others68
- Important20
- Board Meeting14
- Investor Meet14
- Updates3
- Insider Trade2
Stylam Industries' board saw two director resignations. It proposed higher remuneration for MD & WTD. Significantly, former promoters Pushpa Gupta & Dipti Gupta were reclassified after selling 45.97 lakh shares (27.12%) to AICA Kogyo, signaling a control shift.
Aica Kogyo announced an open offer to acquire 26% of Stylam Industries at ₹2,250/share (₹991.46 Cr), following an agreement to buy 40% from promoters (₹1525.33 Cr). Aica aims for over 53% stake and control, intending to continue current operations and support growth.
Aica Kogyo is launching an open offer to acquire 26% of Stylam Industries from public shareholders at ₹2,250 per share, a ₹991.46 Cr deal. This strategic move aims for joint control and will bring Aica Kogyo's total stake to 40% through promoter share purchases.