Stylam Industries Approves Multiple Director Appointments and Strategic Amendments at Board Meeting

Stylam Industries Approves Multiple Director Appointments and Strategic Amendments at Board Meeting​

Stylam Industries Limited announced significant outcomes from its board meeting held on June 17, 2026, approving several key appointments of additional directors, making changes to managerial remuneration, and ratifying the amendment and restatement of the company's Articles of Association (AOA). These decisions were made subject to subsequent shareholder approval.

The Board Meeting reviewed and approved the appointment of eight new Additional Directors across various categories, along with amendments regarding the AOA and granting specific rights to Aica Kogyo Company, Limited (Aica).

Key Director Appointments​

Several esteemed individuals were appointed as Additional Directors, effective from June 17, 2026. The terms of appointment for all new directors are set at five years.

The appointments include:

• Mr. Tirloki Nath Singla: Appointed as an Additional Director under the category of Non-Executive Independent Director (NEID). Mr. Singla is a Fellow Member of the Institute of Chartered Accountants of India and has over 40 years of experience in taxation, audit, finance, and corporate governance.
• Mr. Kenji Ebihara: Appointed as an Additional Director under the category of Non-Executive Director. Mr. Ebihara possesses extensive experience within Aica Kogyo Company Limited (Aica).
• Mr. Naruhiro Amada: Appointed as an Additional Director under the category of Executive Director (Whole Time Director). Mr. Amada has 24 years of experience with Aica Kogyo Company Limited.
• Mr. Nobuyuki Omura: Appointed as an Additional Director under the category of Non-Executive Director, bringing extensive experience from his time at MITSUI & CO., LTD. and Aica.
• Mr. Yuji Iwatsuka: Appointed as an Additional Director under the category of Non-Executive Director. Mr. Iwatsuka has over 14 years of leadership experience within Aica.
• Mr. Koshi Suzuki: Appointed as an Additional Director under the category of Non-Executive Director, with over 30 years of experience in building materials and chemical industries.
• Mr. Makoto Tanaka: Appointed as an Additional Director under the category of Non-Executive Director, with 18 years of assignment experience in Asian countries.
• Mr. Adisak Thiaphairat: Appointed as an Additional Director under the category of Non-Executive Director. Mr. Thiaphairat has over 36 years of leadership and management experience.

Changes in Managerial Remuneration​

The board also considered and approved increases in the managerial remuneration for two senior executives:

• Mr. Jagdish Gupta (Managing Director)
• Mr. Manit Gupta (Whole Time Director)

Articles of Association Amendment and Special Rights for Aica Kogyo Company​

A central outcome of the meeting was the approval to amend and restate the company's Articles of Association (AOA), which includes granting special rights to Aica Kogyo Company, Limited (Aica).

These special rights granted to Aica include:

• Board Nomination Rights: Aica holds the right to nominate up to eight Directors to the Board of the Company, provided Aica maintains a 5% stake in the issued, paid-up and voting share capital. These nominated directors must be executive or non-executive (non-independent) directors.
• Committee Representation: Aica's director nomination rights apply to all Board Committees.
• Quorum Requirements: The quorum for any board meeting requires that the Aica Directors constitute the majority of those present, provided such a requirement is not waived in writing by Aica beforehand.
• Information Rights: Each Aica Director is entitled to disclose confidential information and documents relating to the Company or its subsidiaries to Aica, allowing it to monitor and evaluate its investment.

The meeting commenced at 03:00 P.M. and concluded at 03:50 P.M.

STYLAMIND Stock Price Movement​

Shares of Stylam Industries Limited closed strongly today, gaining 2.00% to settle at ₹3293.90. The stock showed robust interest as it neared its peak performance, trading on a volume of 16,165 shares in the post-market session.