Disclosure of details of Appointment and Resignation of Directors and KMPs and reclassification of Promoter/Public shareholders pursuant to Open offer

Kandagiri Spinning Mills has undergone a complete change of management after the completion of an open offer by acquirer Akshayam Creations LLP. The Managing Director, two Non-Executive Directors, the Chairman/Independent Director, and the CFO — all linked to the selling promoter group — have resigned with immediate effect from the August 8, 2025 board meeting. In their place, partners of Akshayam Creations LLP have been appointed: S. Sivakumar as Managing Director (3-year term), Adinarayana Sripathy Kumar as Chairman, Manoj Kumar Maurya as CFO (3-year term), and CA R. Raveendran as an Independent Director. The reclassification formalises Akshayam Creations LLP as the new Promoter, with its partners becoming members of the promoter group, while the earlier promoter family and a deceased shareholder holding 4.18% have been moved to the Public category.