Kallam Textiles
2.96
-0.06(-1.99%)
Market Cap₹15.58 Cr
PE Ratio-0.24
IndustryTextiles
Company Performance:
1D-1.99%
1M-8.64%
6M-23.71%
1Y-33.63%
5Y-68.31%
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More news about Kallam Textiles
03Dec 25
Kallam Textiles Faces Legal Challenge: High Court Issues Show Cause Notice in Rs. 141.93 Crore Debt Recovery Case
Kallam Textiles Limited is facing a significant legal challenge as the Andhra Pradesh High Court has issued a show cause notice in a debt recovery case filed by Indian Bank for Rs. 141.93 crore. The court has granted an interim stay on proceedings at the Debt Recovery Tribunal. The company's financial position shows signs of stress with declining assets, rising liabilities, and shrinking capital. This legal issue could potentially impact the company's operations, financial stability, investor confidence, and future financing options.
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24Oct 25
Kallam Textiles Receives Rs 3.30 Crore Interest Subsidy from Andhra Pradesh Government
Kallam Textiles Limited has been granted an interest subsidy of Rs 3.30 crores by the Government of Andhra Pradesh under the state's Industrial Development Policy (IDP). The subsidy is intended for reimbursement of interest. The company has notified the Bombay Stock Exchange about this financial update, in compliance with regulatory requirements.
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11Oct 25
Union Bank Issues Sale Notices for Kallam Textiles' Assets Worth Rs. 185.35 Crore
Union Bank of India has issued notices for public e-auction of Kallam Textiles Limited's assets, including its spinning unit and hydel unit, scheduled for December 30, 2025. The bank aims to recover outstanding dues of Rs. 185.35 crore. The total reserve price for the assets, which include industrial land, machinery, and hydro power project assets, is over Rs. 147.00 crore. This action follows previous notices under the SARFAESI Act, 2002, indicating Kallam Textiles' ongoing financial challenges.
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13Sept 25
Kallam Textiles' Hydel Unit Faces Possession Notice from Union Bank of India
Kallam Textiles Limited received a possession notice from Union Bank of India for its Hydel unit in Nelakondapalli, Khammam, Telangana. The notice was served under the SARFAESI Act. The company has informed the stock exchange about this development and committed to providing updates on any further developments. This action complies with SEBI regulations and the company's internal policies on disclosure of material events.
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13Aug 25
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.
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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.
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Kallam Textiles
2.96
-0.06
(-1.99%)
1 Year Returns:-33.63%
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