Stylam Industries Limited (STYLAMIND) — Insider Trading | 10 April 2026

AICA Kogyo Company Limited, a Japanese entity, has made a mandatory open offer to acquire up to 26% of Stylam Industries Limited's voting shares at ₹2,250 per share, amounting to a maximum consideration of ₹991.46 crore. The offer, governed by SEBI (SAST) Regulations, follows prior acquisitions totaling 27.12% ownership through tranches from Seller Group 1 and Jagdish Gupta. Post-acquisition, the acquirer aims to consolidate a 40% stake by purchasing shares from Seller Group 2, contingent on open offer acceptance. Key conditions include escrow deposits of the full consideration, regulatory approvals, and compliance with public shareholding norms. The transaction involves complex governance rights under a Shareholders' Agreement, including board composition and transfer restrictions. No delisting is planned, and the offer remains subject to SEBI oversight and statutory conditions.