Kallam Textiles Rights Issue open till 7 July

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Kallam Textiles Rights Issue 2022.Kallam Textiles Rights issue 2022 Date will be open from 23 June 2022 to 07 July 2022. The company has set a record date of the rights issue on 03 June 2022. The company will offer 26.54 Shares through this rights issue and through this issue and the company will collect ₹9.99 Crores. and the company Kallam Textiles Rights Issue Price of this issue has been announced at ₹18 per share as per the face value of ₹2.

Kallam Textiles Ltd. is one of the largest producers of Spun Yarn for knitting and weaving industries in Andhra Pradesh. Kallam Textiles Ltd is engaged in the business of Manufacturing of 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.

The company produce cotton yarn through both Ring Spinning and Open End Spinning (with 59,280 spindles and 2,912 rotors respectively). The Company also have facilities of yarn dyeing with a capacity of around 3000 Kgs per day, and for woven fabric capacity of 80,000 meters per day. Our manufacturing facilities comprising of Ginning, Spinning, Weaving and Dyeing Plants, are located in the state of Andhra Pradesh.

The company also have three Hydel Power Plants of total capacity of 4 MW located in the state of Telangana. Further, The Company also generates Solar Power for internal consumption with 2.0 MW capacity at spinning unit, Chowdavaram and 1.0MW capacity at weaving unit, Kunkupadu, Addanki.

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