We enclosed the 33rd Annual Report for the FY 2024-25
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Kallam Textiles has filed its 33rd Annual Report for FY 2024-25 and the 33rd AGM notice; the AGM is scheduled for September 18, 2025 at the registered office in Guntur. Revenue dropped sharply to Rs. 256.71 crores from Rs. 368.47 crores in the previous year, a fall of about 30%. Net loss widened to Rs. 47.37 crores from Rs. 37.45 crores, and EPS worsened to Rs. (8.97) from Rs. (7.09). No dividend has been declared. The company's term loans have been classified as NPA by banks, with SARFAESI notices issued, possession of secured properties taken, and recovery cases pending before DRT Visakhapatnam. Loan restructuring applications are pending, and idle capacity is being used for job work. Statutory auditors issued an unmodified report but flagged material uncertainty related to going concern.
Serious financial stress for shareholders: revenue collapsed, losses widened, and banks have taken possession of assets under SARFAESI, with restructuring still pending. Stock price is likely to remain under pressure; the going-concern qualification signals significant risk of further deterioration or restructuring action.