Latest news about Loyal Textile Mills
Loyal Textile Mills
215.99
+6.99(+3.34%)
Company Performance:
View Company Insights1D+3.34%
1M+5.88%
6M+1.09%
1Y-30.58%
5Y0.00%
More news about Loyal Textile Mills
31Mar 26
Loyal Textile Mills Limited Shareholders Approve Material Related Party Transaction with Gruppo P&P Loyal S.p.A
Loyal Textile Mills Limited shareholders overwhelmingly approved a material related party transaction with Gruppo P&P Loyal S.p.A through postal ballot e-voting concluded on March 30, 2026. The resolution received 99.99997% votes in favour from 3428369 valid votes representing 71.18% of outstanding shares. The voting process was conducted from March 1-30, 2026, with Mr. S Harikrishnan serving as scrutinizer to ensure regulatory compliance under SEBI Listing Regulations and Companies Act provisions.
23Feb 26
Loyal Textile Mills Limited Announces Postal Ballot for Material Related Party Transaction Approval
Loyal Textile Mills Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions with Gruppo P&P Loyal S.p.A for FY 2026-27, expected to exceed 10% of consolidated turnover. The e-voting process runs from March 01-30, 2026, with results on March 31, 2026. The Audit Committee and Board have recommended the transactions as commercially beneficial to the company.
12Jan 26
Loyal Textiles Limited Clarifies Delayed Resignation Disclosure to BSE
Loyal Textiles Limited submitted clarification to BSE Limited on January 12, 2026, regarding delayed resignation documentation for former COO R.M. Shanmugam. The company explained difficulties in obtaining the resignation letter from the separated employee, which caused incomplete documentation in the original June 9, 2025 corporate announcement. The resignation letter, dated October 9, 2025, has now been obtained and submitted to ensure regulatory compliance with SEBI listing obligations.
12Nov 25
Loyal Textile Mills Narrows Losses in Q2 FY2025 Amid Business Realignment
Loyal Textile Mills Limited reported a significant reduction in standalone net loss for Q2 FY2025, narrowing from ₹25.14 crore to ₹9.66 crore, a 61.57% improvement. Revenue from operations decreased by 21.09% to ₹106.54 crore. The company recorded exceptional income of ₹10.72 crore from asset sales and made a ₹10.22 crore provision for export inventory. Business realignment efforts, including exiting low-margin operations and focusing on high-value segments, have led to positive EBITDA. Management expressed confidence in achieving profitability in the coming year. Consolidated performance showed a net loss of ₹11.34 crore, down 33.33% from the previous quarter.
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