Pursuant to Regulation 30 and 42 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board ....
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Kallam Textiles' Board approved weak Q1 FY26 (quarter ended June 30, 2025) standalone results, with revenue falling to Rs. 48.80 crore (down about 13% QoQ and 13% YoY) and the net loss widening sharply to Rs. 17.97 crore versus Rs. 9.37 crore loss in Q1 FY25. The Board withdrew its earlier proposal to sell the company's Hydel (small hydro) unit and instead authorized Joint Managing Director G.V. Krishna Reddy to find prospective investors under a 'cut back arrangement' sanctioned by Union Bank of India and Indian Bank. The 33rd Annual General Meeting is fixed for September 18, 2025. The statutory auditor flagged a 'material uncertainty' on going concern, citing continuous losses, Rs. 299.81 crore in defaulted bank loans classified as NPA, ongoing SARFAESI possession actions, and pending Debt Recovery Tribunal proceedings in Visakhapatnam. Spinning and Weaving segments posted losses while only Dyeing and Solar Power remained marginally profitable.
Very negative for shareholders — widening losses, NPA-tagged loans worth nearly Rs. 300 crore, and active recovery actions by lenders cast serious doubt on the company's survival. The stock is likely to remain under pressure until debt restructuring is approved and the company successfully brings in a new investor under the banks' cut-back arrangement.