News Stocks CARE Ratings Reaffirms Kallam Textiles' CARE D Rating for Bank Facilities Worth ₹345.38 CroreCARE Ratings Reaffirms Kallam Textiles' CARE D Rating for Bank Facilities Worth ₹345.38 Crore
CARE Ratings Limited has reaffirmed Kallam Textiles Limited's credit ratings, maintaining CARE D for Long Term bank facilities worth ₹154.14 crore and CARE D/CARE D for Long Term/Short Term facilities worth ₹191.24 crore. The rating action, dated February 06, 2026, covers total facilities of ₹345.38 crore across multiple banks including Indian Bank, Union Bank of India, and Bank of Baroda. The company has informed BSE about the rating reaffirmation in compliance with SEBI regulations.
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Kallam textiles Limited has received a credit rating reaffirmation from CARE Ratings Limited, with the rating agency maintaining its existing assessments for the company's bank facilities. The rating action, dated February 06, 2026, follows a comprehensive review of the company's operational and financial performance for FY25 (Audited) and H1FY26 (Un-audited).
Rating Details and Facility Coverage
CARE Ratings has reaffirmed the following ratings for Kallam Textiles:
| Facility Type | Amount (₹ crore) | Rating | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | 154.14 | CARE D | Reaffirmed |
| Long Term/Short Term Bank Facilities | 191.24 | CARE D/CARE D | Reaffirmed |
The total facilities under review amount to ₹345.38 crore, covering various banking arrangements across multiple financial institutions.
Facility Breakdown and Banking Partners
The Long Term facilities worth ₹154.14 crore primarily consist of term loans and Government Emergency Credit Line (GECL) facilities from Indian Bank and Union Bank of India. The largest individual facility is a term loan from Indian Bank with a rated amount of ₹25.04 crore under GECL, sanctioned for ₹30.36 crore.
Long Term/Short Term Facilities Structure
The ₹191.24 crore Long Term/Short Term facilities comprise:
Fund Based Limits (₹189.75 crore):
- Union Bank of India: ₹84.75 crore (CC/PC/PCFC)
- Indian Bank: ₹60.00 crore (Cash Credit Limit with ₹2.00 crore BG sublimit)
- Bill Discounting facilities: ₹40.00 crore (₹20.00 crore each from Union Bank and Indian Bank)
- Bank of Baroda: ₹5.00 crore (Cash Credit Limit)
Non-Fund Based Limits (₹1.49 crore):
- Union Bank of India: ₹1.00 crore (Bank Guarantee)
- Indian Bank: ₹0.49 crore (Forward cover)
Regulatory Compliance and Disclosure
Kallam Textiles has informed the Bombay Stock Exchange about the rating reaffirmation in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's communication, signed by Company Secretary & Compliance Officer Golagani Ramesh Kumar, was dated February 07, 2026.
Rating Implications and Monitoring
The CARE D rating indicates that the instruments are in default or are expected to be in default soon. CARE Ratings reserves the right to undertake surveillance and review of the rating from time to time, with at least one review annually. The rating agency has also indicated that it may revise, reaffirm, or withdraw the rating based on periodic reviews and surveillance activities.
The rating assessment was conducted by Lead Analyst Chethan C S and Assistant Director Niraj Thorat from CARE Ratings' Hyderabad office. The rating agency has emphasized that these ratings are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities.
Source:
Historical Stock Returns for Kallam Textiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.80% | +6.84% | -1.50% | -23.72% | -35.43% | -72.23% |
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