Description

Stylam Industries Limited clarifies media report regarding AICA Kogyo's alleged acquisition interest, stating the company is not privy to any such discussions.

Summary

Stylam Industries Limited issued a clarification in response to a news article published on www.cnbctv18.com on October 28, 2025, which reported that Japan’s AICA Kogyo is looking to acquire a majority stake in the company. Stylam Industries stated that it is not privy to any such discussions and cannot comment on the matter. The company confirmed that there is no material information or impending announcement that may affect the stock’s price or volume behavior. The clarification was issued under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points

  • News article on CNBCTV18 reported Japan’s AICA Kogyo looking to acquire majority stake in Stylam Industries
  • Company denies knowledge of any such acquisition discussions
  • No material information or impending announcement exists that may impact stock price/volume
  • Company confirms compliance with Regulation 30 of SEBI LODR for timely disclosure of price-sensitive information
  • The news article has no impact on company operations
  • BSE Scrip Code: 526951

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

No new compliance requirements. The circular demonstrates the company’s ongoing compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding prompt disclosure of material information.

Important Dates

  • October 28, 2025: Date of news article publication on CNBCTV18
  • October 28, 2025: Date of clarification letter issued by Stylam Industries Limited (Reference No.: SIL/CHD/2025-26/28102025)

Impact Assessment

Market Impact: Low - The clarification is a routine denial of media speculation with no confirmation of material developments. The company explicitly states there is no price-sensitive information to disclose.

Operational Impact: None - No impact on company operations as confirmed by the company in its clarification.

Investor Impact: Minimal - Provides clarity to investors that the acquisition rumor has no basis in the company’s knowledge, helping to manage expectations and prevent speculation-driven volatility.

Compliance Status: The company demonstrates good governance practices by promptly addressing market rumors under SEBI regulations.

Impact Justification

Routine clarification denying knowledge of rumored acquisition discussions. No material impact on operations or share price expected as company explicitly states no material information exists.