The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akshayam Creations LLP & PACs
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Akshayam Creations LLP along with four Persons Acting in Concert (PACs), part of the promoter group of Kandagiri Spinning Mills Ltd, has acquired 53,059 equity shares (1.38%) of the company at Rs. 16 per share through an off-market transfer on 24 November 2025. The shares were purchased from Sumathi S, the legal heir of the deceased erstwhile promoter M. Rajamani, as part of a Share Purchase Agreement with selling erstwhile promoter shareholders. Following this acquisition, the promoter group's aggregate holding has risen from 62.20% (23,94,391 shares) to 63.58% (24,47,450 shares) of the company's paid-up equity capital.
This is an internal promoter-group consolidation, with ownership shifting from the estate of a deceased promoter to the Akshayam Creations LLP-led promoter entity. For retail shareholders, this does not change the overall promoter control of the company but signals continued consolidation within the promoter family at a modest valuation of Rs. 16 per share.