Key Event

Loyal Textile Mills Limited has appointed Mr. Gokul S Dixit (DIN: 00357170) as a Non-Independent Director under the non-executive category. The appointment was made by the Board of Directors at their meeting held on November 12, 2026, based on the recommendation of the Nomination and Remuneration Committee, which also met on the same date.

Condition of Appointment

The appointment is subject to the approval of the shareholders of the company.

Director Profile and Background

Mr. Gokul S Dixit is a Chartered Accountant (qualified in 1999) and also holds a CFA charter. His educational qualifications include an MBA from the Ross School of Business, University of Michigan, Ann Arbor, a commerce graduate degree, and a post-graduate degree in Economics from the University of Madras.

He possesses over two decades of professional experience spanning North American, European, and Indian markets. His expertise covers accounting, financial markets, audits, securities issuances, mergers & acquisitions (M&A), structured finance, private equity buyouts, and venture capital investing.

His career began at PricewaterhouseCoopers in 1996. He subsequently worked as a research analyst in the corporate credit division of American Express Bank. In 1999, he moved to the Assurance and Risk Consulting group of Arthur Andersen, where he was part of an international team that conducted an extensive forensic and criminal investigation into the treasury operations of the Government of the Sultanate of Brunei, filing affidavits in several international courts.

Mr. Dixit has also served as a Special Invitee on the Accounting Standards Board and the Corporate Laws and Corporate Governance Committee of the ICAI (Institute of Chartered Accountants of India). He was a contributing respondent to the Stakeholder Engagement Consultation Paper published by the National Financial Reporting Authority (NFRA).

Other Disclosures

As required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, the company disclosed that Mr. Dixit is not related to any other director on the Board.

His personal interests include tennis, golf, farming, and reading. He is also the Executive Coordinator, volunteer, and fundraiser for the Jeevatma Kainkaryam Trust, which is established for cremating unclaimed dead bodies with Vedic samskaras. Furthermore, he is a co-founder of Askhar Arbol, a K-12 International Baccalaureate school operating three campuses in Chennai.

Effective Date

The appointment is effective from November 12, 2026.

Filing and Signatory

The disclosure was filed with both BSE Limited (Scrip Code: 514036) and the National Stock Exchange of India Limited (Symbol: LOYALTEX) on November 12, 2026. It was digitally signed by Dr. V. Rajesh, Company Secretary (Membership No. F9213).