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

Kandagiri Spinning Mills has completed a full change of management after acquirer Akshayam Creations LLP completed its open offer. The existing promoter-linked Managing Director R. Selvarajan, Non-Executive Directors S. Devarajan and A. Sarayu, CFO S. Vijay Shankar, and Independent Director/Chairman S. Elangovan have all resigned with immediate effect from the 8 August 2025 board meeting. In their place, partners of the acquirer LLP have been appointed: S. Sivakumar as Managing Director (3-year term), Adinarayana Sripathy Kumar as Chairman, and Manoj Kumar Maurya as CFO (3-year term). CA R. Raveendran has been appointed as the new Independent Director. Following these changes, Akshayam Creations LLP and its four partners have been reclassified as the new promoter group, while around 30 existing promoter shareholders (including the resigned directors) have been reclassified as public shareholders since they have already transferred their shares to the acquirer.