Tax & Penalty1 Jul 2026, 04:50 pm
Kallam Textiles Fined ₹1.71 Lakhs by BSE for Delayed Financial Results
AI Summary
Kallam Textiles Ltd has been levied a penalty of ₹1,71,100 (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 ongoing CIRP, difficulties in financial data collation, statutory audit completion, and operational challenges. The company had previously sought an extension and is now requesting a waiver of the fine. Failure to pay within 15 days could lead to promoter shareholding freezing.
Key Highlights
- BSE imposed a penalty of ₹1.71 Lakhs on Kallam Textiles.
- Penalty is for delayed submission of March 2026 financial results.
- Reasons cited include CIRP and operational challenges.
- Company is seeking a waiver of the imposed fine.
- Non-payment may result in promoter shareholding freeze.
Price Impact
More from KALLAM