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 53,059 equity shares (1.38%) at Rs 16 per share through an off-market transfer on November 28, 2025. The shares were bought from Kalavathi S, the legal heir of the deceased erstwhile promoter M. Rajamani, as part of a Share Purchase Agreement with the selling promoter shareholders. Following this acquisition, the promoter group's holding rose from 63.58% (24,47,450 shares) to 64.96% (25,00,509 shares) of the company's equity capital.
This is a consolidation of promoter family holdings rather than a fresh market purchase, so it has minimal impact on the stock price. It strengthens the existing promoter group's control in the company.