Stylam Industries Limited has received a copy of the draft letter of offer (DLoF) regarding an open offer made by Aica Kogyo Company, Limited. Aica Kogyo intends to acquire up to 44,06,496 equity shares of Stylam Industries, representing 26% of the total voting share capital, at a price of ₹2,250 per equity share.

The open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ICICI Securities Limited is acting as the Manager to the Offer. The Public Announcement for the open offer was filed on December 26, 2025, with a Detailed Public Statement (DPS) published on January 2, 2026, and a corrigendum on January 5, 2026, in various newspapers including Financial Express, Jansatta, Navshakti, and Desh Sewak.

The tentative schedule of activities for the offer includes the dispatch of the Letter of Offer by February 11, 2026, with the tendering period commencing on February 18, 2026, and closing on March 5, 2026. The final date for communicating acceptance and completing payment is March 20, 2026.