Kallam Textiles Surges 5.29% After Receiving ₹3.3 Crore Interest Subsidy from Andhra Pradesh Government

Guntur, October 24, 2025 – Kallam Textiles Ltd (BSE: 530201), a Guntur-based textile company, had its shares surge 5.29% to ₹3.98 at 1:57 PM after the company said it has received an interest subsidy of ₹3.30 crore from the Government of Andhra Pradesh as part of its Industrial Development Policy.

According to its regulatory filing, the state government released the funds under an interest subsidy reimbursement scheme related to industrial development in the region.

Kallam Textiles Ltd (formerly Kallam Spinning Mills Ltd) engages in the manufacture and sale of cotton yarn, grey fabrics, and dyed fabrics. The company operates in spinning, weaving, and dyeing segments and serves both the domestic and export markets.

Share Price Update

As mentioned, shares of Kallam Textiles Ltd are trading up 5.29% at 1:57 PM. Kallam Textiles Ltd shares opened today at ₹3.80, up from the previous closing price of ₹3.78. So far in the session, the stock has traded between ₹3.78 and ₹4.24, with volume reaching 52,233 shares, valued at ₹2.06 lakh. The VWAP for the session stood at ₹3.97, indicating high volumes.

The company’s market capitalisation is ₹20 crore, and its beta is 1.26. The shares have moved over the past year from a 52-week low of ₹3.31 to a 52-week high of ₹7.34, while the all-time high is ₹91.99 and the all-time low is ₹0.17.

Kallam Textiles Gets ₹3.30 Crore Subsidy

Kallam Textiles Ltd has informed the stock exchange that it has received ₹3.30 crore from the Government of Andhra Pradesh towards reimbursement of interest subsidy under the Andhra Pradesh Industrial Development Policy (IDP).

The company announced in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed that the subsidy amount has already been credited to its account and is thus helping it to continue its industrial operation and financing activities.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/ed45798e-7e02-42a2-b9b1-5363e0628e7a.pdf

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