Kallam Textiles Ltd (530201)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Kallam Textiles' revenue was ₹47.9 Cr (-26.4% year on year, -32.6% on the previous quarter), and net profit ₹-29.8 Cr (a bigger loss than a year earlier); the operating margin was -36.3%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹47.9 | -26.4% | -32.6% |
| Operating profit | ₹-17.4 | to loss | loss widened |
| Net profit | ₹-29.8 | loss widened | loss widened |
| EPS (₹) | -5.64 | loss widened | loss widened |
| Operating margin | -36.3% | — | — |
📢 Recent Corporate Announcements
Kallam Textiles submitted its financial results for the quarter and year ended March 31, 2026, signed under Corporate Insolvency Resolution Process (CIRP). The company was admitted into CIRP on April 6, 2026 by NCLT Amaravati upon a petition filed by Union Bank of India, though NCLAT subsequently stayed further proceedings on June 18, 2026 pending a restructuring proposal. Statutory auditors issued a Disclaimer of Opinion citing non-assessment of asset impairment, unrecognized leave liabilities, and uncertainty surrounding the recognition of ₹51.25 cr in Deferred Tax Assets and ₹19.69 cr in MAT credits.
- Admitted to CIRP under Section 7 of IBC by NCLT Amaravati on April 6, 2026
- NCLAT Chennai stayed further proceedings on June 18, 2026 pending restructuring proposal review by CoC
- Auditors issued Disclaimer of Opinion citing ₹51.25 cr DTA and ₹19.69 cr MAT credit recognition uncertainties
- No impairment assessment performed on Property, Plant and Equipment despite recurring operational losses
- Company observed lower finished goods yield due to raw material deterioration, pushing production costs higher
Kallam Textiles Limited has applied to the Registrar of Companies (RoC), Vijayawada, for an extension of time to hold its Annual General Meeting for FY 2025-26. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated April 6, 2026. Financed with high leverage of Rs 369 Cr debt against a market cap of Rs 11 Cr, operations have deteriorated with FY26 net losses expanding to Rs -57 Cr. The AGM extension request is pending approval with the RoC.
- Under Corporate Insolvency Resolution Process (CIRP) via NCLT order dated 06 April 2026
- Application submitted to RoC, Vijayawada for extending the FY 2025-26 AGM deadline
- Application status currently under process as of 25 September 2026
- Company carries Rs 369 Cr debt vs market cap of Rs 11 Cr with FY26 net loss of Rs -57 Cr
Kallam Textiles Limited (currently under CIRP) has received a Show Cause Notice under Section 73 of the APGST Act, 2017, from the Additional Commissioner (S.T), Vijayawada. The notice demands tax, interest, and penalty amounting to ₹4,97,70,714 (approx. ₹4.98 Cr) for FY 2020-21. This demand represents approximately 45% of the company's current market capitalization of ₹11 Cr. The company stated that it does not agree with the notice and plans to take appropriate legal/procedural actions.
- Received GST Show Cause Notice in Form GST DRC-01 dated August 27, 2026
- Total tax, interest, and penalty demand amounts to ₹4,97,70,714 (~₹4.98 Cr)
- Pertains to alleged non-payment of tax, interest, and penalties for FY 2020-21
- Demand equals ~45% of the company's current market capitalization of ₹11 Cr
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