Disclosure of promoter share transfers to Acquirer - Akshayam Creations LLP
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kandagiri Spinning Mills has informed the BSE that selling promoter shareholders transferred a second tranche of 17,220 equity shares (0.45% of share capital) to Akshayam Creations LLP at Rs 16 per share via off-market transfer. The transfers occurred on 04.07.2025 and 15.07.2025 and were made under a Share Purchase Agreement signed on 03.02.2025, following completion of the open offer. Eight promoter-group members participated in this tranche, with the largest being D Manjula (7,650 shares, 0.19%). This filing continues the company's prior disclosures about the change in control process being executed in stages.
This is a continuation of the ongoing promoter-to-acquirer share transfer process; the small size (0.45%) and low price (Rs 16/share) suggest this is a routine procedural tranche within a previously announced acquisition, with limited immediate impact on shareholders or share price.