Loyal Textile Mills CEO Resigns Effective June 30

Key Personnel Changes

Mr. N Srinivasan, Chief Executive Officer (CEO) and Key Managerial Personnel, has tendered his resignation due to personal reasons via resignation letter dated June 9, 2026. His cessation from services will be effective from close of business hours on June 30, 2026. Mr. Srinivasan confirmed there are no material reasons for his resignation other than personal reasons mentioned in his resignation letter.

Management Transition

Following the resignation, the Nomination and Remuneration Committee of the Board, via circular resolution passed on June 10, 2026, recommended entrusting overall management and operations to Mr. M.E. Manivannan (DIN: 02229808), Executive Director and Key Managerial Personnel of the Company. The Board of Directors, via circular resolution passed on June 10, 2026, accepted this recommendation and formally entrusted company management to Mr. Manivannan.

Financial Impact

No financial impact quantified in the disclosure. The resignation is presented as a management change without stated financial implications.