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.

Loyal Textile Mills Limited reported a consolidated net loss of ₹64.67 crore for the financial year ended March 31, 2026, widening from a net loss of ₹46.85 crore in the previous year. Revenue from operations for the year stood at ₹421.96 crore, a sharp decrease from ₹627.78 crore in FY25. The textile manufacturer's Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 27, 2026.

The statutory auditors, M/s. Brahmayya & Co., Chartered Accountants, issued an unmodified opinion on the financial results. The report includes an emphasis of matter regarding the company's initiatives to monetize assets and scale down operations to improve operational efficiencies. The results were published in newspapers on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company reported an exceptional loss of ₹3.72 crore for the year ended March 31, 2026. This included a substantial inventory impairment charge of ₹36.46 crore due to tariff-related uncertainties and geopolitical developments affecting GCC markets. Partially offsetting this was a profit on the sale of assets amounting to ₹33.81 crore, arising from the disposal of surplus land, wind mills, and idle plant and machinery as part of an asset optimisation programme.

Discontinued Operations

The financial results include the impact of discontinued operations, specifically the disposal of the SVTM Unit and the initiated disposal of the CTM Unit. These units were classified as discontinued operations in accordance with Ind AS 105. The net loss from discontinued operations for the year was ₹15.60 crore, compared to a loss of ₹40.04 crore in the prior year. A gain on the sale of discontinued operations of ₹7.72 crore was recorded during the current financial year.

Liquidity and Asset Monetisation

Management stated that the company continues its efforts towards the realignment and rationalisation of manufacturing operations to improve capacity utilisation and enhance operational efficiencies. Considerable progress was made in the monetisation of underutilised and non-core assets, with further assets identified for monetisation to reduce debt and strengthen liquidity. Despite the current losses, management expressed confidence in achieving sustainable operational profitability in the near future based on the progress of these initiatives.