The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sumathi S
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Sumathi S, legal heir of deceased erstwhile promoter M. Rajamani, has sold 53,059 equity shares (1.38%) of Kandagiri Spinning Mills to Akshayam Creations LLP through an off-market transfer on 24 November 2025. The transaction was executed at Rs 16 per share under a Share Purchase Agreement between Akshayam Creations LLP and the selling erstwhile promoter shareholders. Post-sale, Sumathi S holds 0 shares in the company. The total equity share capital of Kandagiri Spinning Mills remains at 38,49,250 shares (Rs 3.84 crore). This filing is part of a broader stake sale by the erstwhile promoter/promoter group to the LLP acquirer.
This is a continued unwinding of the erstwhile promoter family's stake in Kandagiri Spinning Mills via a structured off-market deal with Akshayam Creations LLP. Shareholders should watch for further disclosures to gauge the LLP's eventual holding and whether it triggers an open offer or significant control change.