Kindly find the outcome of the First COC
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.1 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kallam Textiles Limited has informed BSE that the First Meeting of its Committee of Creditors (CoC) was held on May 2, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP). The CoC meeting lasted about 1 hour 45 minutes and discussed key matters including ratification of claims received, constitution of the creditors' committee, CIRP timelines, appointment of Resolution Professional G. Joshi & Co for support services, and approval of two registered valuers. The committee also approved the draft Expression of Interest (EoI) process document and Form G for inviting resolution plans. Future CoC meetings can now be held at 24-hour notice and at intervals not exceeding 3 months.
This indicates Kallam Textiles is in an advanced stage of the insolvency process. The company will now proceed toward inviting resolution plans from potential buyers. Shareholders face significant risk as the outcome could involve liquidation or significant dilution of equity under the resolution plan.