Kallam Textiles Limited has officially published Form G, inviting Expression of Interest (EOI) for the submission of resolution plans. This development is part of the Corporate Insolvency Resolution Process (CIRP) under Regulation 36A(1) of the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The announcement was made by the Resolution Professional, Rajesh Chillale, on May 8, 2026.

The corporate debtor, formerly known as Kallam Spinning Mills Limited, is engaged in the business of spinning, weaving, and dyeing of yarn. The company operates multiple manufacturing facilities, including a spinning unit in Chowdavaram, Guntur, and a weaving and dyeing unit in Kunkupadu, Bapatla. Additionally, it operates hydral plants in Nelakondapalli, Khammam.

Operational and Financial Overview

The installed capacity of the company includes 59,280 spindles and 2,912 rotors in the spinning unit, along with 248 looms in the weaving unit. The hydral plants have a total capacity of 4.00 MW. The ginning unit has a capacity of 72,000 bales per annum, while the spinning and dyeing units have capacities of 11,040 MT and 1,100 MT per annum, respectively.

In terms of financial performance, the company reported sales of Rs. 256.71 crores for the financial year 2024-25 (Audited). For the financial year 2025-26, the provisional sales figures stood at Rs. 235.40 crores.

Employee Details and Process Timelines

As of the date of CIRP admission on April 6, 2026, the company had 222 full-time employees and approximately 900 workmen on a need basis. The detailed invitation for Expression of Interest, including the process document, can be obtained by sending an email to ktl.cirp@gmail.com .

The timeline for the resolution process has been clearly defined. The last date for the receipt of Expression of Interest is May 23, 2026. The provisional list of prospective resolution applicants will be issued on June 2, 2026. Objections to this list can be submitted until June 7, 2026, with the final list scheduled for release on June 17, 2026. The information memorandum and request for resolution plans will be issued on June 22, 2026, and the last date for submission of resolution plans is July 22, 2026.

The company is registered as an MSME with UDYAM-AP-04-0108662 dated August 1, 2025. All relevant correspondence regarding the process should be directed to the Resolution Professional via the provided email address.

Kallam textiles Limited has formally announced the scheduling of its first Committee of Creditors meeting on May 2, 2026, marking a crucial milestone in the company's Corporate Insolvency Resolution Process. The textile manufacturer, formerly known as Kallam Spinning Mills Limited, communicated this development to BSE Limited in compliance with regulatory requirements.

Corporate Insolvency Resolution Process Details

The Corporate Insolvency Resolution Process against Kallam Textiles Limited was initiated following an order from the Hon'ble National Company Law Tribunal, Amaravati Bench, dated April 6, 2026. The company had previously intimated stakeholders about the CIRP initiation on April 7, 2024.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with Clause 16(g) of Part A of Schedule III of LODR. This regulatory framework ensures transparent communication of material developments to stakeholders and market participants.

Company Background

Kallam Textiles Limited, based in Chowdavaram, Guntur, Andhra Pradesh, operates in the textile manufacturing sector. The company holds ISO 9001 certification and maintains its corporate identification number as L18100AP1992PLC013860. The firm's shares are listed on BSE Limited under scrip code 530201.

Next Steps in Resolution Process

The first Committee of Creditors meeting represents the beginning of the formal creditor consultation process under the insolvency framework. Mr. Rajesh Chillale, serving as the Interim Resolution Professional, will facilitate the proceedings and guide the resolution process in accordance with the Insolvency and Bankruptcy Code provisions.