Kallam Textiles Ltd-$

Kallam Textiles Ltd has announced that the National Company Law Tribunal (NCLT), Amravati Bench, has admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). Consequently, Corporate Insolvency Resolution Process (CIRP) has been initiated against the company. The powers of the Board of Directors are now suspended and exercised by the Resolution Professional (RP). Due to the ongoing CIRP, management transition, and operational challenges, the company is facing difficulties in finalizing its unaudited financial results for the half-year ended September 30, 2026, within the stipulated SEBI timelines. The company assures that efforts are underway to submit the results as soon as possible.

Kallam Textiles Limited has announced that the National Company Law Tribunal (NCLT), Amravati Bench, admitted a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). Consequently, Corporate Insolvency Resolution Process (CIRP) has been initiated against the company. As per IBC provisions, the powers of the Board of Directors are suspended and are now exercised by the Resolution Professional. The company has submitted its financial results for the quarter and year ended March 31, 2026, along with an audit report. However, the auditors have issued a Disclaimer of Opinion due to significant matters, stating they could not obtain sufficient appropriate audit evidence to provide an opinion on whether the financial results are presented in accordance with listing regulations or give a true and fair view. Further proceedings have been stayed by NCLAT pending consideration of a restructuring proposal.

Kallam Textiles Ltd has announced the closure of its trading window for dealing in the company's securities by designated persons. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the quarter ended September 30, 2026. The decision aligns with the company's Code of Conduct for Insider Trading and SEBI regulations. All designated persons, including directors, are prohibited from trading in the company's securities during this period.

Kallam Textiles Ltd, currently undergoing Corporate Insolvency Resolution Process (CIRP), has applied to the Registrar of Companies, Vijayawada, for an extension to hold its Annual General Meeting for FY 2025-26. The application is under process, and the company will provide further updates as received. This filing is for informational purposes.

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.

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.

Kallam Textiles Limited has received a GST Show Cause Notice (DRC-01) dated August 27, 2026, from the Additional Commissioner (S.T), Vijayawada, Andhra Pradesh. The notice pertains to the financial year 2020-21 and alleges non-payment of tax, interest, and penalty amounting to ₹4,97,70,714. The company, currently under CIRP, disputes the notice and plans to take appropriate action. The notice was issued under Section 73(1) of the Andhra Pradesh Goods and Services Tax Act, 2017.

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.