The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akshayam Creations LLP
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Akshayam Creations LLP, part of the promoter group of Kandagiri Spinning Mills, acquired 54,670 equity shares (1.42%) from M. Vanaja, the legal heir of deceased erstwhile promoter M. Rajamani. The shares were bought at Rs 16 per share through an off-market transfer on 21.11.2025 under a Share Purchase Agreement. After this acquisition, the promoter group's total holding rose to 2,394,391 shares, or 62.20% of the company's voting share capital (up from about 60.79% earlier). The filing notes that since the acquisition is below the 2% SAST threshold, this Regulation 29(2) disclosure has been made voluntarily.
This is a promoter-group stake increase of about 1.42%, further consolidating controlling-family ownership to over 62%. It is a routine intra-promoter succession/transfer at Rs 16/share via off-market deal, so the direct impact on public shareholders or stock price is limited — more a signal of continued promoter consolidation than a market-moving event.