The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for S Vijay Shankar & Others
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Awaiting price reaction for this filing.
Eight members of the promoter group of Kandagiri Spinning Mills Limited have sold 17,220 equity shares, representing 0.45% of the company's share capital, to Akshayam Creations LLP through off-market share transfers on 4 July 2025 and 15 July 2025. The shares were sold at Rs 16 per share, valuing the deal at roughly Rs 2.75 lakh. The sellers include D Senthilnathan, D Manjula, Ramya Jegarajan, Niranjankumar D, Rathipriya D, V Valarnila, V Abhinav, and D Minusakthipriya, all identified as promoter/promoter group members. Since the transfer is below the 2% SEBI SAST threshold, the disclosure has been made voluntarily. The company's total equity share capital remains unchanged at 38,49,250 shares (Rs 3,84,92,500).
The size of the promoter sell is small (under 1%) so the direct impact on the stock price is likely minimal. However, it signals some reshuffling within the promoter group, with a new entity (Akshayam Creations LLP) gradually accumulating a stake in the company, which shareholders may want to monitor.