Stylam Industries Limited announced significant changes in its promoter shareholding. On December 26, 2025, two groups of promoters, Seller Group 1 (Ms. Pushpa Gupta, Ms. Dipṭi Gupta, and Mr. Manav Gupta) and Seller Group 2 (Mr. Jagdish Gupta, Ms. Saru Gupta, and Ms. Nidhi Gupta), entered into separate share purchase agreements (SPA 1 and SPA 2 respectively) with Aica Kogyo Company, Limited ("Acquirer"). Through SPA 1, Seller Group 1 agreed to sell 45,96,768 equity shares, representing 27.12% of the company's capital, to the Acquirer for ₹2,250 per share. This sale will occur in two tranches: 16,94,806 shares (10%) in Tranche 1A and 29,01,962 shares (17.12%) in Tranche 1B. The execution of SPA 1 triggers an open offer obligation for the Acquirer under SEBI Takeover Regulations. Upon the first tranche's closing, the Acquirer will gain 'Control' of Stylam Industries. As part of this agreement, Mr. Manav Gupta will resign from the board upon transaction consummation. Concurrently, Seller Group 2 entered into SPA 2 to sell up to 21,82,456 equity shares, representing 12.88% of the company's capital, also at ₹2,250 per share. This sale also occurs in two tranches, aiming to consolidate the Acquirer's shareholding to at least 40% post-completion of both SPAs and the open offer. Furthermore, on December 26, 2025, the Board of Directors approved and the Company, along with the Existing Promoter Group (Jagdish Gupta, Manit Gupta, Nidhi Gupta, and Saru Gupta) and the Acquirer, executed a Shareholders' Agreement (SHA). This SHA outlines the terms governing the management of the Company and the inter se rights and obligations between the Existing Promoter Group and the Acquirer. The SHA details board composition, where the Acquirer can nominate up to 8 directors and recommend one independent director, while the Existing Promoter Group can nominate 2 directors. The chairperson of the Board will be an independent director recommended by the Acquirer. The combined stake sale from both groups amounts to approximately 40% (27.12% + 12.88%). The transaction is subject to the satisfaction of agreed conditions precedent. The Acquirer's open offer will be made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.