Find the attached Request Letter and the same is communicated to stock exchange vide mail id corp.relations@bseindia.com
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Kallam Textiles Limited has requested BSE to grant an extension up to June 15, 2026 for filing its audited financial results for the quarter and FY ended March 31, 2026. The company disclosed that NCLT Amravati Bench admitted a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) on April 6, 2026, initiating a Corporate Insolvency Resolution Process (CIRP). As a result, the Board of Directors' powers are suspended and now vest with the Interim Resolution Professional (IRP), Rajesh Chillale. The company cited practical difficulties including management transition, financial data collection and reconciliation, stakeholder coordination, and operational challenges arising from CIRP as reasons for the delay. The request is made under Regulation 33 of SEBI (LODR) Regulations, 2015.
The initiation of CIRP and inability to meet financial reporting timelines signals severe financial distress, with the company currently under insolvency resolution. Shareholders face significant uncertainty as the company is being managed by a resolution professional rather than its board.