StockWatch
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Forest Products
Management Change17 Jun 2026, 03:55 pm

Stylam Board Approves 9 Directors, AOA Amendments, Remuneration Hikes

AI Summary

Stylam Industries Ltd's Board of Directors, in a meeting held on June 17, 2026, approved several key proposals, all subject to shareholder approval. These include the appointment of nine additional directors: Mr. Tirloki Nath Singla as an Independent Director, Mr. Naruhiro Amada as an Executive Director, and seven Non-Executive Directors (Mr. Kenji Ebihara, Mr. Nobuyuki Omura, Mr. Yuji Iwatsuka, Mr. Koshi Suzuki, Mr. Makoto Tanaka, Mr. Adisak Thiaphairat). The board also approved amendments and restatement of the Company's Articles of Association, granting special rights to Aica Kogyo Company, Limited. Additionally, increases in managerial remuneration for Mr. Jagdish Gupta (Managing Director) and Mr. Manit Gupta (Whole Time Director) were approved.

Key Highlights

  • Board approved the appointment of nine additional directors, including one Independent and one Executive Director.
  • Articles of Association to be amended, granting special rights to Aica Kogyo Company, Limited.
  • Managerial remuneration for the Managing Director and Whole-Time Director was increased.
  • All resolutions passed by the board are subject to the approval of the company's shareholders.