Disclosure of share transfer details as per terms of Share Purchase Agreement executed between erstwhile Promoter - selling shareholders and Acquirer (" Akshayam Creations LLP" - Promoter shareholder)
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Awaiting price reaction for this filing.
Kandagiri Spinning Mills has disclosed two share transfers from legal heirs of the deceased erstwhile promoter M. Rajamani to Akshayam Creations LLP, the new promoter shareholder. A total of 54,670 shares (1.42%) were transferred from M. Vanaja on November 21, 2025, and 53,059 shares (1.38%) from Sumathi S on November 24, 2025, both at Rs 16 per share via off-market transfer. These transfers are part of the Share Purchase Agreement signed on February 3, 2025, following which the open offer has already been completed. The combined transfer represents about 2.8% of equity, continuing the gradual shift in promoter ownership from the founding family to Akshayam Creations LLP.
This is a routine continuation of the already-disclosed promoter change process and should not materially affect the stock price. It confirms the orderly transition of control to the new promoter entity. Shareholders are unlikely to see significant disruption, though the low Rs 16 transfer price is an internal agreement valuation and not a market reference.