Aica Kogyo Co., Ltd. reports that the timing for initiating the stock acquisition and tender offer aimed at making India\u2019s Stylam Industries Limited a consolidated subsidiary remains 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/4206-20260331-01.pdf","jir_short_summary":"Aica Kogyo Co., Ltd. reports that the timing for initiating the stock acquisition and tender offer aimed at making India\u2019s Stylam Industries Limited a consolidated subsidiary remains undetermined.","jir_summary":"### Overview of the Tender Offer\nAica Kogyo Co., Ltd., based on the resolution of its Board of Directors on December 26, 2025, plans to acquire shares partially and conduct a tender offer for Stylam Industries Limited, a manufacturer and seller of melamine decorative boards in India. The tender offer will comply with Indian regulations and is subject to approval and completion of procedures with relevant authorities. The originally scheduled tender offer start period from late February to early March 2026 is now undecided, and additional disclosures will be made promptly as progress occurs.\n\n### Future Outlook and Impact on Shareholders\nAlthough the start timing of the tender offer remains undecided, necessary procedures are ongoing with the objective of making Stylam a consolidated subsidiary. The implementation of the tender offer is expected to strengthen the company\u2019s business foundation and expand overseas operations. Investors should closely monitor future disclosed information.","jir_financial_highlights":"Acquisition Target Company: Stylam Industries Limited (Unknown)\nScheduled Period for Tender Offer Start: Late February to Early March 2026 (Undecided) (Postponed)\nTender Offer Start Timing: Undecided (Unknown)","jir_category":"","jir_hashtags":"#AicaKogyoCoLtd, #TenderOffer, #TOB, #India, #JapaneseStocks","jir_key_figures":"Acquisition Target Company: Stylam Industries Limited (Chandigarh, India)\nScheduled Period for Tender Offer Start: Late February to Early March 2026 (Undecided)\nTender Offer Start Timing: Undecided pending approval from relevant authorities","jir_meta_title":"Aica Kogyo Announces Undecided Start Timing for Tender Offer to India's Stylam Industries","jir_meta_description":"Aica Kogyo Co., Ltd. announces that the start timing for the tender offer aimed at making India's Stylam Industries Limited a consolidated subsidiary remains undecided, pending approval from relevant authorities. Progress updates are awaited.","jir_og_title":"Aica Kogyo Provides Update on Progress of Tender Offer for Stylam Industries","jir_og_description":"The start timing of the tender offer for India's Stylam Industries Limited is undecided. Aica Kogyo is proceeding with the necessary procedures, drawing attention to future disclosures.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8856,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-38111","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n