Key Quantitative Figures
The total fine levied is ₹1,53,400, comprising a basic fine of ₹1,30,000 plus applicable GST of ₹23,400.
Dates of Action
- Date of BSE communication: 11th September 2026
- Date of company disclosure: 12th September 2026
- Quarter of non-compliance: Financial results for quarter ended 30th June 2026
Parties Involved
- Regulatory authority: BSE Limited
- Listed entity: Kallam Textiles Limited
- Company representatives: Golagani Ramesh Kumar, Company Secretary
Purpose and Rationale
The delay in submission of audited financial results was attributed to:
- Ongoing Corporate Insolvency Resolution Process (CIRP)
- Difficulties in collating and reconciling financial information
- Completion of statutory audit procedures
- Operational challenges arising during the insolvency resolution process
Financial Impact
The financial impact is quantified as ₹1,53,400, which represents the total fine amount payable to BSE Limited.
Company Actions
- Submitted request for extension to BSE on 4th September 2026 explaining reasons for delay
- Requesting waiver of fines from BSE after receipt of fine communication
- Required to pay fine within 15 days from 11th September 2026
Consequences of Non-Payment
- Freezing of entire shareholding of the promoter in the entity
- Freezing of all other securities held in the demat account of the promoter
- Potential transfer to Z group for second consecutive year of non-compliance
- Possible suspension of trading of equity shares
Additional Requirements
- The matter must be placed before the Board of Directors in their next meeting
- Board comments must be informed to the Exchange for dissemination
- Fine remittance to be made to BSE's virtual bank account (BSER06571, ICICI Bank)