Kallam Textiles Ltd-$

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.

Kallam Textiles Ltd has announced the closure of its trading window for designated persons, including directors, from July 1, 2026, until 48 hours after the declaration of its financial results for the quarter ended June 30, 2026. This measure is in compliance with the company's Code of Conduct for Insider Trading and SEBI (Prohibition of Insider Trading) Regulations. The company has formally intimated all concerned individuals not to engage in any transactions involving the company's securities during this period to prevent potential insider trading.

Kallam Textiles Ltd announced that the National Company Law Appellate Tribunal (NCLAT), Chennai Bench, passed an order on June 18, 2026, in Company Appeal (AT) (CH) (Ins.) No. 291 of 2026. The appeal was filed by the suspended directors challenging an earlier NCLT order admitting a Corporate Insolvency Resolution Process (CIRP) initiated by Union Bank of India. The NCLAT overruled minor defects in the appeal and addressed the appellants' plea for a stay on the CIRP. The company stated that its business operations will continue and it will inform stock exchanges of further material developments.

Kallam Textiles Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), held its third Committee of Creditors (CoC) meeting on June 5th, 2026. Key discussions included reviewing minutes of the previous meeting, noting claims received by the Interim Resolution Professional (IRP), and the constitution of the CoC. The meeting also addressed the disclosure of fair value, the status of appointed valuers, CIRP timelines, and the submission process for Expression of Interest (EoI) and Resolution Plans. The publication of Form G for prospective resolution applicants was also on the agenda.

Kallam Textiles Ltd has requested an extension until June 15, 2026, to submit its financial results for the period ended March 31, 2026. The delay is attributed to the ongoing audit finalization and procedural requirements under the Corporate Insolvency Resolution Process (CIRP). The National Company Law Tribunal (NCLT), Amravati Bench, initiated CIRP against the company on April 6, 2026, suspending the powers of the Board of Directors. The company cites difficulties in finalizing the audited financial results due to the CIRP process, management transition, and operational challenges.

The second meeting of the Committee of Creditors (CoC) for Kallam Textiles Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP), was convened on May 25, 2026. The meeting discussed the minutes of the 1st CoC meeting, claims received by the IRP, the constitution of the CoC, publication of Form G for prospective resolution applicants, and a fresh invitation for expression of interest.

Kallam Textiles Ltd. has announced the publication of Form G regarding the Invitation for Expression of Interest, as per Regulation 36A (1) of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The publication was made on May 8, 2026, in the Financial Express (All India editions), Prajashakthi (All AP editions), and Mana Telangana (All Telangana editions). Copies of the advertisements and weblinks to the online publications have been provided.

The first meeting of the Committee of Creditors (CoC) for Kallam Textiles Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP), was convened on May 2, 2026. Key discussion points included reviewing claims received by the IRP, the constitution of the CoC, CIRP timelines, model timelines for resolution plans, ratification of expenses, appointment of a Resolution Professional, and the appointment and costs of registered valuers. The meeting also covered the draft Expression of Interest (EoI) process document, future CoC meetings, and authorization for the RP to undertake debit transactions.

Kallam Textiles Ltd announced that the first meeting of its Committee of Creditors (CoC) will be held on Saturday, May 2, 2026. This follows the initiation of the Corporate Insolvency Resolution Process (CIRP) against the company on April 7, 2024. Mr. Rajesh Chillale was appointed as the Interim Resolution Professional (IRP) by the Hon'ble National Company Law Tribunal, Amaravati Bench, on April 6, 2026. The meeting is being conducted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kallam Textiles Limited confirms that it does not meet the criteria of a 'Large Corporate' as defined under para 2.2 of a SEBI circular regarding fund raising by issuance of debt securities. Consequently, the disclosure requirements outlined in Para No- 4 of the circular are not applicable to the company as of March 31, 2026.