Kallam Textiles Limited Announces Defaults on Payment of Interest/ Repayment of Principal Amount on Loans from Banks

Kallam Textiles Limited is an India-based textile company. The Company is engaged in the business of manufacturing cotton yarn, dyed yarn, grey fabric and dyed fabric. The Company is also engaged in the business of generation of electricity through Hydel and solar energy. Its segments include Spinning, Weaving, Dyeing, Solar Power and Hydel Power. Its product range includes ring spun combed yarn (from Ne.30s to Ne.80s combed warp/compact), TFO ring spun yarn, open end yarn (from Ne10s to Ne20s), TFO open end yarn, BCI certified yarn and woven fabric such as yarn dyed shirting and bottom weight fabric. The Company's yarn dyed shirting includes cotton range and blended products. Its products include Cotton Yarn, OE Yarn, Cotton PC Yarn, Cotton PV Yarn, Cotton Waste, OE Waste, Cotton Seed, Cotton Lint, Gray Fabric, Dyed Fabric, Dyed Yarn, and Gray Yarn. The Company's ginning, spinning and open-end plants are located at Chowdavaram, Guntur, Andhra Pradesh.