Disclosure of details of share transfer as per terms of Share Purchase Agreement executed on 03.02.2025 between erstwhile promoters - selling shareholders and Acquirer ("Akshayam Creations ....
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Kandagiri Spinning Mills has informed BSE that Akshayam Creations LLP (Acquirer) has completed the purchase of 24,99,509 equity shares (64.93%) from the erstwhile promoter-selling shareholders as per the Share Purchase Agreement dated 03.02.2025. The latest transfer on 28.11.2025 involved 53,059 shares (1.38%) from Kalavathi S, legal heir of the deceased selling shareholder, at Rs 16 per share via off-market route. In addition, the Acquirer had earlier acquired 1,000 shares from public shareholders through the open offer on 26.05.2025. With this, Akshayam Creations LLP now holds 25,00,509 shares (64.96%) of the company, making it the new promoter.
The acquisition process is now fully closed, confirming Akshayam Creations LLP as the new controlling shareholder with nearly 65% stake. Existing minority shareholders should expect changes in board composition and strategic direction, though the open offer obligations have already been settled.