Aica Kogyo Company, Limited
(Progress of Disclosure) Notice on the Progress of the Tender Offer for Stylam Industries Limited in India
The tender offer period for Stylam Industries Limited in India is from April 22, 2026, to May 6, 2026, with the acquisition expected to complete between June and July.
Key Figures
- Tender Offer Period: April 22, 2026 – May 6, 2026
- Expected Completion Period of Share Acquisition: June – July 2026
- Target Company Location: Chandigarh, India
AI要約
Overview of the Tender Offer
Aica Kogyo Co., Ltd. resolved at its Board of Directors meeting on December 26, 2025, to acquire shares of Stylam Industries Limited in India, a manufacturer and seller of melamine decorative boards and others, and make it a consolidated subsidiary. Along with the share acquisition under a share transfer agreement with the founding family shareholders, the company plans to conduct a tender offer based on Indian tender offer regulations.
Progress and Future Outlook of the Tender Offer
As of March 31, 2026, the start date of the tender offer, which was undecided, is now expected to be from April 22 to May 6, 2026, due to progress in obtaining approvals from Indian authorities. The completion timing of the share acquisition is expected to be between June and July, depending on the application status, and the company will continue to take necessary measures.
