Kallam Textiles Limited has announced the appointment of Mr. Venkat Rao Nallagorla as Non-Executive Independent Director, effective from March 21, 2026. The appointment was made during a Board meeting held on March 21, 2026, and is subject to approval at the next general meeting.

Regulatory Disclosure Details

The company has disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The formal intimation was sent to the Bombay Stock Exchange Limited on March 21, 2026, with reference number KTL/Appointment/2025-26.

Professional Background and Expertise

Mr. Venkat Rao Nallagorla, aged 62 years, holds an M.Com degree and serves as an Accounts and Tax consultant. He entered the profession at a young age and has demonstrated excellence through knowledge, patience, hard work, and commitment.

His expertise spans multiple areas of taxation and financial management:

• Income Tax matters
• GST compliance
• EST, EPF, and TDS handling
• Gratuity management
• Import and export regulations
• Financial assessments and audits

Experience and Independence

With over 35 years of experience in conducting financial assessments and audits, Mr. Nallagorla brings significant expertise to Kallam Textiles Limited's board. His professional background positions him to play a crucial role in maintaining the company's financial stability and ensuring compliance with relevant regulations.

The company has confirmed that Mr. Venkat Rao Nallagorla is not related to any existing directors of the company, ensuring his independence as per regulatory requirements. This appointment strengthens the company's independent board composition and corporate governance framework.

Compliance and Next Steps

The appointment has been made in accordance with SEBI regulations and will be presented for shareholder approval at the upcoming general meeting. The formal communication was signed by Golagani Ramesh Kumar, Company Secretary & Compliance Officer, demonstrating Kallam Textiles Limited's commitment to maintaining proper corporate governance standards and regulatory compliance.

Kallam textiles Limited has announced a key board change with the resignation of Mr. Srinivas Petluri as Non-Executive Independent Director. The resignation will take effect on March 21, 2026, marking the end of his tenure with the textile company.

Resignation Details

The company has disclosed the resignation under Regulation 30, providing comprehensive details about the board change. The following table summarizes the key aspects of the resignation:

Reason for Departure

According to the company's disclosure, Mr. Petluri's resignation is attributed to his intention to exploit opportunities in new areas. The decision also reflects his preoccupation with additional commitments that require his attention. The company has emphasized that there are no material reasons for his resignation beyond those specified in the formal resignation letter.

Regulatory Compliance

Kallam Textiles has fulfilled its disclosure obligations by providing the required information to the Bombay Stock Exchange Limited under the corporate governance framework. The company confirmed that several standard disclosure requirements, including brief profile details and relationships between directors, are not applicable in this case of resignation.

Company Background

Kallam Textiles Limited, formerly known as Kallam Spinning Mills Limited, is based in Chowdavaram, Guntur, Andhra Pradesh. The company operates in the textile sector and maintains its corporate governance standards through proper board composition and regulatory compliance.

This board change represents a routine corporate governance matter, with the company ensuring transparent communication to stakeholders and regulatory authorities about the directorial change.