Kallam Textiles Limited, formerly known as Kallam Spinning Mills Limited, has informed stock exchanges about a significant development concerning its Hydel unit located at Nelakondapalli, Khammam, Telangana (PIN 507160). On September 12, 2025, Union Bank of India served a possession notice under Section 13 of the SARFESI Act, read with Rule 8 of the relevant rules, at the said unit.

The SARFESI Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) empowers banks and financial institutions to recover their dues by taking possession of secured assets after following due procedure. The possession notice indicates that the bank has initiated such action, likely due to pending financial obligations of Kallam Textiles at the Hydel unit.

The company has promptly disclosed the notice to the BSE in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kallam Textiles has attached a detailed copy of the notice issued by Union Bank for investors’ and stakeholders’ reference.

Kallam Textiles assured that it will continue to update the stock exchanges regarding any further developments, ensuring transparency and adherence to corporate governance norms. The Hydel unit in question is a key asset of the company, and the developments could have implications for operational and financial planning.

Investors and stakeholders are advised to follow updates from the company closely, as any subsequent actions under the SARFESI Act could impact company operations, asset management, and financial standing. Kallam Textiles’ management has emphasized that all updates will be shared promptly in line with SEBI and stock exchange disclosure requirements.

This disclosure reflects the growing importance of compliance and timely communication by listed companies in India, ensuring that shareholders are informed about any material developments that may impact their investments.

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