OUTCOME OF THE 2nd COC
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Kallam Textiles Limited, currently under Corporate Insolvency Resolution Process (CIRP), held its 2nd Committee of Creditors meeting on 25 May 2026. The meeting, lasting about 20 minutes, covered routine procedural items including ratification of the 1st CoC meeting minutes, noting of claims received by the IRP, formal constitution of the CoC, publication of Form G to invite prospective resolution applicants, and issuance of a fresh invitation for expression of interest. The company is being managed by Rajesh Chillale as Interim Resolution Professional.
The company remains under insolvency proceedings with the resolution process underway. Shareholders should note that any resolution plan, if finalised, could significantly dilute or wipe out existing equity holdings.