Loyal Textile Mills schedules 80th AGM for Sep 22, 2026, to approve FY26 financials and director appointments.
Loyal Textile Mills will hold its 80th AGM on September 22, 2026, via VC/OAVM. The meeting will approve FY26 financials and re-appoint directors. Key appointments include Mr. M.E. Manivannan as Whole Time Director from Feb 11, 2027, and Mr. K. Kumaran and Dr. R.S. Sivam as Independent Directors for five-year terms starting Oct 10, 2026, and Sep 22, 2026, respectively. Cost auditor remuneration of ₹1,00,000 for FY27 will be ratified.
The AGM involves decisions on financial statement adoption and director appointments, which are material to the company's governance and future strategic direction.
The announcement is a routine procedural update regarding the Annual General Meeting and director re-appointments. It does not contain significant positive or negative financial news.
Loyal Textile Mills Limited has announced that its 80th Annual General Meeting (AGM) is scheduled to be held on Tuesday, September 22, 2026, at 10:45 a.m. IST, through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The meeting will cover the adoption of audited standalone and consolidated financial statements for the financial year 2025-26. Key agenda items also include the re-appointment of directors: Mrs. Vishala Ramswami, who retires by rotation, and Mr. Muthu Elumalai Manivannan as Whole Time Director for another five-year term effective February 11, 2027. Additionally, the AGM will seek approval for the re-appointment of Mr. K. Kumaran as an Independent Director for a second five-year term from October 10, 2026, to October 9, 2031, and the appointment of Dr. Subrahmaniya Sivam as an Independent Director for a first five-year term from September 22, 2026, to September 21, 2031. The remuneration for the Cost Auditor, Mr. B. Venkateswar, for FY 2026-27, amounting to ₹1,00,000 plus applicable taxes and expenses, will also be ratified.
The notice convening the AGM, along with the Annual Report for FY 2025-26, has been dispatched via email to members whose email addresses are registered and uploaded on the company's website and NSDL's e-voting portal. The cut-off date for determining voting eligibility was September 15, 2026. Remote e-voting will commence on September 19, 2026, at 9:00 a.m. and conclude on September 21, 2026, at 5:00 p.m.
A plain-language summary of a public exchange filing by Loyal Textile Mills Limited. Read the original for the full detail.