kallam textiles has requested an extension from BSE to submit its audited financial results for the quarter and financial year ended March 31, 2026. The company has sought a new deadline of June 15, 2026, citing operational challenges arising from the ongoing Corporate Insolvency Resolution Process (CIRP).

The delay in finalizing the accounts is due to the transition in management control and the suspension of the Board of Directors' powers following the initiation of CIRP. The Hon'ble National Company Law Tribunal (NCLT), Amravati Bench, admitted the petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the company on April 6, 2026.

Consequent upon the commencement of CIRP, the powers of the Board of Directors are currently being exercised by the Interim Resolution Professional or Resolution Professional (IRP/RP). The company stated that the collection and reconciliation of financial information, along with coordination with various stakeholders, have created practical difficulties in finalizing the results within the timeline prescribed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The request was submitted by Rajesh Chillale, the Resolution Professional (IRP), on behalf of Kallam Textiles Limited. The company assured the exchange that all efforts are being made to complete the financial statements and statutory audit at the earliest possible time.

Key Details of the Filing

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.