Disclosure on share transfer/acquisition details as per share purchase agreement executed between erstwhile promoters - selling shareholders and Acquirer ("Akshayam Creations LLP" - Promoter ....
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Kandagiri Spinning Mills has disclosed two off-market share transfers from legal heirs of a deceased erstwhile promoter (M. Rajamani) to Akshayam Creations LLP, the current promoter of the company. On 21 November 2025, 54,670 shares (1.42%) were transferred from M. Vanaja, and on 24 November 2025, 53,059 shares (1.38%) were transferred from Sumathi S, both at Rs 16 per share. The transfers are part of the Share Purchase Agreement signed on 3 February 2025 between Akshayam Creations LLP (the acquirer) and the selling erstwhile promoters, following which an open offer was also completed. In total, about 2.80% of equity has moved from the old promoter family to the new promoter entity in these two tranches.
This is a routine execution of the already-disclosed promoter change transaction and does not change the overall promoter identity. For shareholders, it means Akshayam Creations LLP's stake is incrementally increasing while the old promoter family's holding is reducing further, in line with the SPA; there is no immediate material price implication from this specific disclosure.