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.

Kallam Textiles Limited has submitted its quarterly compliance certificate to the Bombay Stock Exchange, fulfilling regulatory requirements under SEBI's depositories regulations. The textile manufacturer filed the mandatory certificate for the quarter ended March 31, 2026, demonstrating adherence to prescribed dematerialisation procedures.

Regulatory Compliance Details

The compliance certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document was prepared by Bigshare Services Pvt Ltd, serving as the company's Registrar and Transfer Agent (RTA), and subsequently forwarded to the stock exchange by Kallam Textiles Limited.

Certificate Confirmation

Bigshare Services Pvt Ltd confirmed in their certificate dated April 4, 2026, that all securities received from Depository Participants for dematerialisation during the quarter were properly processed. The RTA verified that:

• Securities received for dematerialisation were confirmed to the depositories
• All securities comprised in the certificates have been listed on the stock exchange
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Names of the Depositories were substituted in the register of members as registered owners within the prescribed 15-day timeframe

Corporate Communication

The submission was made by Golagani Ramesh Kumar, Company Secretary and Compliance Officer of Kallam Textiles Limited, through a formal communication to the Corporate Relationship Department of the Bombay Stock Exchange. The company, formerly known as Kallam Spinning Mills Limited, operates from Chowdavaram, Guntur, Andhra Pradesh.

This quarterly filing represents part of Kallam Textiles Limited's ongoing commitment to maintaining regulatory compliance and transparency in its operations with depositories and market participants.