Loyal Textile Mills has scheduled its 80th Annual General Meeting (AGM) for Tuesday, September 22, 2026. The meeting will be held via Video Conferencing to adopt the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The company reported a significant decline in revenue from operations to ₹421.96 crore in FY26, down from ₹627.78 crore in the previous year. This contraction was driven by a deliberate restructuring programme aimed at exiting low-margin and non-viable product lines.

Despite the top-line drop, the EBITDA loss narrowed substantially to ₹4.35 crore from a loss of ₹34.05 crore in FY25. However, the company reported a net loss of ₹66.21 crore for the year, compared to a net loss of ₹54.68 crore in FY25. The result was impacted by restructuring costs, inventory revaluation, and under-utilisation of capacity during the business realignment phase.

Strategic Restructuring

Management completed the major phase of its restructuring programme initiated in FY25. Production volumes fell across key segments: yarn production dropped to 39.20 lakh kg from 103.47 lakh kg, while woven fabric output declined to 103.22 lakh metres from 218.86 lakh metres. Export revenue stood at ₹270 crore, down from ₹384 crore, affected by geopolitical developments and supply-chain disruptions in the Middle East.

What the Numbers Show

The divergence between the narrowing EBITDA loss and the widening net loss highlights the heavy impact of non-operating and exceptional items. While operational efficiency improved as evidenced by the ₹29.70 crore reduction in EBITDA loss, the bottom line suffered due to higher interest costs relative to reduced operating profits and specific restructuring charges. Interest expenses remained high at ₹32.77 crore, although lower than the ₹50.96 crore paid in the previous year.

Corporate Governance Changes

The AGM agenda includes several key governance resolutions:

• Re-appointment of Mrs. Vishala Ramswami as a Non-Executive Director retiring by rotation.
• Ratification of remuneration for Cost Auditor Mr. B. Venkateswar at ₹1 lakh plus taxes for FY27.
• Re-appointment of Mr. M. E. Manivannan as Whole Time Director for a five-year term effective February 11, 2027.
• Appointment of Dr. R Subrahmaniya Sivam as an Independent Director for a five-year term.

No dividend has been proposed for FY26 due to the losses incurred during the consolidation of operations.

Loyal Textile Mills has submitted its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The disclosure was made in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s Audit Committee and Board of Directors approved the financial results during a meeting held on Friday, August 14, 2026. The unaudited results were reviewed by M/s. Brahmayya & Co., Chartered Accountants, the statutory auditors of the company.

Regulatory Compliance and Disclosure

In accordance with Regulation 33 of the SEBI Listing Regulations, the company published newspaper advertisements containing the financial results in Business Line (English edition) and Tamil Murasu (Tamil edition). The advertisements included Quick Response (QR) codes linking directly to the detailed financial statements.

The complete financial results, along with the limited review report from the statutory auditors, are available on the company’s official website. The filings are also accessible via the exchange websites at bseindia.com and nseindia.com.

Key Filings Details

Valli M Ramaswami, Chairperson and Whole Time Director, signed the disclosure. Dr. V. Rajesh, Company Secretary, confirmed the submission of the newspaper advertisement enclosures to the exchange listing departments on August 17, 2026.