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Kallam Textiles Ltd (formerly Kallam Spinning Mills Limited) has announced the publication of Form G, which is an Invitation for Expression of Interest under the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional, Rajesh Chillale, published this notice on May 8, 2026, in three newspapers – Financial Express (All India editions), Prajashakthi (AP editions), and Mana Telangana (Telangana editions). This is a mandatory procedural filing under Regulation 36A(1) of the IBC Regulations, 2016, to invite potential buyers/investors to submit expressions of interest for resolving the company's insolvency. The company, listed on BSE with scrip code 530201, is currently under CIRP proceedings.
This filing confirms that Kallam Textiles is in formal insolvency proceedings. Existing equity shareholders face significant risk as secured creditors have priority in any resolution plan. The outcome depends on whether a viable resolution applicant emerges to take over the company.