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 its partners (PACs) acquired 18,220 equity shares (0.48%) of Kandagiri Spinning Mills Ltd. The acquisition was done in two parts: 1,000 shares (0.03%) bought from the public through open offer at Rs 25 per share on 26 May 2025, and 17,220 shares (0.45%) bought from selling promoter shareholders through off-market transfer at Rs 16 per share on 4 July and 15 July 2025, as per a Share Purchase Agreement. Before the deal, the acquirer and PACs held 60.31% (23,21,501 shares); after the acquisition, their combined holding rose to 60.79% (23,39,721 shares). Since the acquisition is below the 2% disclosure threshold, this is being filed voluntarily.
This is a small stake consolidation by an LLP that already controls over 60% of the company, buying shares cheaply from existing promoters at Rs 16 versus the open offer price of Rs 25. For retail shareholders, this signals a change in the promoter group composition but with minimal impact on shareholding control or liquidity.