Kallam Textiles: NCLT Admits Insolvency Petition, Delays Financial Results

Kallam Textiles Limited has announced that the National Company Law Tribunal (NCLT), Amravati Bench, admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), initiating Corporate Insolvency Resolution Process (CIRP). Consequently, the Board of Directors' powers are suspended. Due to management transition, data reconciliation, and operational challenges arising from CIRP, the company faces difficulties in finalizing its Un-Audited Financial Results for the quarter ended June 30, 2026, within the stipulated SEBI (LODR) Regulations, 2015 timeline. The company has requested an extension from the exchange.