Systematix Corporate Services Limited ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Advertisement in accordance with Regulation 18(12) of Securities and Exchange Board ....
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Systematix Corporate Services, the manager to the offer, has submitted the Post-Offer Public Announcement to BSE for the open offer on Kandagiri Spinning Mills Limited. The open offer was made by Akshayam Creations LLP along with four persons acting in concert to acquire up to 10,00,805 equity shares (26% of voting share capital) at Rs. 25 per share, triggered under SEBI SAST Regulations 2011. The formalities of the offer have been completed, and the Post-Offer PA was published on June 04, 2025 in the same newspapers where the detailed public announcement originally appeared.
With the post-offer announcement published, the open offer process is now formally closed. Shareholders who tendered shares will receive Rs. 25 per share; the acquirer and PACs now hold a controlling stake in Kandagiri Spinning Mills, which could lead to changes in management or board composition going forward.