Tax & Penalty12 Sept 2026, 03:30 pm
Kallam Textiles Fined ₹1.53 Lakhs for Delayed Financial Results
AI Summary
Kallam Textiles Limited has been fined ₹1,53,400 (including GST) by BSE Limited for non-submission of audited financial results for the quarter and financial year ended March 31, 2026. The delay was attributed to the ongoing Corporate Insolvency Resolution Process (CIRP), difficulties in financial data collation, and operational challenges. The company had previously requested an extension from BSE and is now seeking a waiver of the imposed fines. Failure to pay within 15 days could lead to promoter shareholding freezing.
Key Highlights
- BSE levied a fine of ₹1,53,400 on Kallam Textiles for delayed financial results.
- The delay was due to ongoing CIRP and operational challenges.
- The company is requesting a waiver of the fine from BSE.
- Non-payment could result in promoter shareholding being frozen.
Price Impact
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