Kallam Textiles Reports Rs 1,796.74 Crore Loss in Q1, Withdraws Hydel Unit Sale Proposal
Kallam Textiles Limited reported a net loss of Rs 1,796.74 crore for the quarter ended June 30, nearly doubling from the previous year. Revenue declined to Rs 4,579.13 crore. The company faces significant financial distress with Rs 29,981.16 crore in outstanding dues to banks. Spinning and weaving segments reported substantial losses, while dyeing and solar power showed marginal profitability. The Board has withdrawn plans to sell the Hydel unit and is seeking potential investors. Auditors have raised concerns about the company's ability to continue as a going concern, but management remains optimistic about future profitability.
06Aug 25
Kallam Textiles Schedules Board Meeting to Approve Q1 Results and Consider Strategic Moves
Kallam Textiles Ltd. has scheduled a Board of Directors meeting for August 13, 2025, to address key matters. The agenda includes reviewing Q1 FY2025-26 financial results, considering the sale of hydel unit undertakings, and exploring potential strategic investments to reduce debt. The company has also announced a trading window closure for designated persons until 48 hours after the financial results are declared.