Insolvency admitted, Q1 FY27 results delayed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NCLT Amravati Bench admitted an insolvency petition against Kallam Textiles on April 6, 2026 under Section 7 of the IBC, initiating the Corporate Insolvency Resolution Process. The Board of Directors has been suspended and the Resolution Professional now runs the company. Due to the management change, data reconciliation and operational issues, the company cannot finalize its Un-Audited Financial Results for Q1 FY27 (June 30, 2026) within the SEBI deadline and has requested extra time from BSE.
Company is under CIRP with a Resolution Professional in charge. Shareholders face recovery uncertainty; further delays in results may attract SEBI action.