Key Event Details

  • Date of Communication from BSE: 30 June 2026
  • Regulation Violated: Regulation 33 of SEBI (LODR) Regulations, 2015
  • Nature of Non-compliance: Delay in submission of Audited Financial Results for the quarter and financial year ended 31 March 2026.
  • Fine Levied: ₹1,45,000 (basic fine) plus applicable GST of ₹26,100, aggregating to ₹1,71,100.
  • Reason for Delay: The delay was attributed to the ongoing Corporate Insolvency Resolution Process (CIRP), difficulties in collating and reconciling financial information, completion of statutory audit procedures, and other operational challenges arising during the insolvency resolution process.

Previous Communication

  • The company had submitted a request to BSE Limited on 27 May 2026 via stock exchange communication and email to corp.relations@bseindia.com, seeking an extension of time and explaining the reasons for the delay.

Current Action

  • Upon receipt of the fine imposition communication dated 30 June 2026, the company is requesting BSE for a waiver of the fines.

Financial Impact

  • The financial impact is quantified as a direct outflow of ₹1,71,100 if the fine is paid and not waived.
  • The company is required to pay the fine within 15 days from 30 June 2026 (i.e., by 15 July 2026).

Consequences of Non-payment

  • Failure to pay the fine within the stipulated period may result in the freezing of the entire shareholding of the promoter in the entity as well as all other securities held in the demat account of the promoter.
  • If this is the second consecutive year of non-compliance for Regulation 33, the company may be transferred to the Z group and face suspension of trading of its equity shares.

Board and Compliance Requirements

  • The matter of non-compliance and any subsequent action by the Exchange must be placed before the Board of Directors in its next meeting, and their comments must be informed to the Exchange.

Payment Details

  • The fine is to be remitted to a virtual bank account dedicated to SOP fines and waiver fees:
  • Account Name: BSE Limited
  • Bank & Branch: ICICI Bank Ltd. - CMS Branch
  • Virtual Account No.: BSER06571
  • IFSC Code: ICIC0000104
  • Remittance details must be submitted to bse.soplodr@bseindia.com in the specified format (Annexure-I).

#Tags: #KallamTextiles #SEBIFine #Regulation33 #LODR #FinancialResults #CIRP