Kindly find the attached Mail in detail.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kallam Textiles has informed the stock exchange about receiving a communication from the NCLT Amaravati Bench dated 11-02-2026. Union Bank of India has filed an insolvency petition (Case No. C.P. (IB)/3(AM)2026) against the company under the Insolvency and Bankruptcy Code. The case has been listed before the NCLT bench. The company has stated it will keep the exchange updated on further developments.
This is a significant negative event — initiation of insolvency proceedings by a major lender (Union Bank of India) signals severe financial distress and could lead to restructuring, suspension of debt recovery actions, and potential changes in management/ownership. Shareholders should brace for high volatility and possible sharp decline in stock price.