Kandagiri Spinning Mills informs about updates on acquisition
Kandagiri Spinning Mills has informed that Company has received intimation on 23.07.2025 from the Selling Promoter Shareholders (list enclosed in Annexure 1) and Acquirer (Akshayam Creations LLP) that as per the terms of Share Purchase Agreement executed on 03.02.2025 between Akshayam Creations LLP (Acquirer) and the selling Promoter Shareholders of the Target Company (Kandagiri Spinning Mills Limited) and completion of Open offer, the Selling Promoter Shareholders of the Target Company (list as enclosed in Annexure 1) had transferred (second tranche of) 17,220 (Seventeen Thousand two hundred and twenty) Equity shares of the Target Company to the Acquirer (Akshayam Creations LLP) at a price of Rs 16 (Rupees Sixteen) per Equity share by way of off market share transfer.
The above information is a part of company’s filings submitted to BSE.
