Event Disclosure
Loyal Textile Mills Limited held its Eightieth (80th) Annual General Meeting (AGM) of members on Tuesday, September 22, 2026. The meeting was conducted through Video Conferencing/Other Audio-Visual Means in compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.
The meeting commenced at 10:45 A.M. and concluded at 11:15 A.M., lasting approximately 30 minutes.
Meeting Chair and Attendance
Mrs. Valli M Ramaswami, Chairperson of the Company, presided over the meeting. The requisite quorum was present. Directors, Key Managerial Personnel, and a representative of the Company's Statutory and Secretarial Auditors were in attendance.
Business Transacted
The following six resolutions were considered and transacted during the AGM:
1. Ordinary Resolution: Adoption of the Audited Standalone and Consolidated Financial Statements of the company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon.
2. Ordinary Resolution: To appoint a director in place of Mrs. Vishala Ramswami (DIN: 06967899), who was liable to retire by rotation and offered herself for re-appointment.
3. Ordinary Resolution: Ratification of Remuneration to the Cost Auditor.
4. Special Resolution: Re-Appointment of Mr. Muthu Elumalai Manivannan (DIN: 02229808) as Whole Time Director for another Term of 5 years.
5. Special Resolution: Re-Appointment of Mr. K. Kumaran (DIN: 00801146) as an Independent Director for five years for a second term.
6. Special Resolution: Appointment of Dr. Subrahmaniya Sivam Ramamurthy (DIN: 02393209) as Independent Director for five years for a first term.
Voting Information
The Chairperson informed members that those who had not yet voted could cast their votes through the e-voting platform provided by National Securities Depository Limited (NSDL). The consolidated results of remote e-voting and voting during the AGM will be intimated to the Stock Exchanges within two working days from the conclusion of the AGM, specifically on or before September 25, 2026. The results will also be posted on the company's website and NSDL's website.