Aica Kogyo Company Acquires 10% Stake in Stylam Industries for INR 2,250 Per Share

Aica Kogyo Company, Limited (Acquirer) has acquired 1,69,48,06 fully paid-up equity shares of Stylam Industries Limited (Target Company) representing 10% of the issued, paid-up and voting share capital of the Target Company. The acquisition was made off-market on 13 February 2026 from Pushpa Gupta for INR 2,250 per share. This acquisition is part of a larger deal where Aica Kogyo Company, Limited has agreed to acquire up to 67,79,224 fully paid-up equity shares of the Target Company representing 40% of the issued, paid-up and voting share capital of the Target Company. Post-acquisition, Aica Kogyo Company, Limited will have joint control of the Target Company and will become a promoter.