Loyal Textile Mills has closed its trading window for dealing in company securities starting October 1, 2026. The closure remains in effect until the conclusion of 48 hours after the declaration of unaudited financial results for the second quarter ending September 30, 2026.

This action is taken in compliance with the Company's code of conduct for Prohibition of Insider Trading and SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. The restriction applies to all designated persons, insiders, and their immediate relatives.

Compliance and Notification Details

The company informed all relevant parties about the trading window closure on September 28, 2026. The specific date for the Board meeting to consider these financial results will be intimated in due course. This notice was submitted to both BSE Limited and National Stock Exchange of India Limited on September 28, 2026.

Loyal Textile Mills passed all six resolutions proposed at its 80th Annual General Meeting held on September 22, 2026. The meeting, conducted via video conferencing, saw unanimous approval for financial statements, director re-appointments, and auditor remuneration.

The resolutions included the adoption of standalone and consolidated financial statements for FY26, the re-appointment of Mrs. Vishala Ramswami as a director liable to retire by rotation, and the ratification of cost auditor remuneration. Additionally, shareholders approved the re-appointment of Mr. Muthu Elumalai Manivannan as Whole Time Director for a five-year term, the re-appointment of Mr. K. Kumaran as an Independent Director for his second term, and the appointment of Dr. Subrahmaniya Sivam Ramamurthy as an Independent Director for his first five-year term.

Voting participation and results

A total of 31 members cast their votes through remote e-voting, representing 34,29,979 shares. The scrutinizer’s report confirmed that all ordinary and special resolutions were passed with the requisite majority. Notably, only 5 votes were cast against any of the six agenda items, resulting in a near-unanimous approval rate of 99.99985% in favor across all resolutions.

What the numbers show

The voting data reveals a significant concentration of shareholder power within the promoter group. Out of the total 48,16,446 outstanding shares, promoters and the promoter group held 35,39,845 shares. They voted 33,43,828 shares, accounting for 94.46% of the total votes polled. In contrast, public non-institutional shareholders, who held 12,72,601 shares, voted only 86,151 shares, representing just 6.77% of the total votes polled. Public institutions holding 4,000 shares did not cast any votes.

This disparity indicates that the outcome of the AGM was effectively determined by promoter voting, with minimal engagement from the public float. The five dissenting votes originated entirely from the public non-institutional category, representing a negligible fraction of their total holding.