Loyal Textile Mills Limited
Incorporated in 1946, Loyal Textile Mills Ltdis in the business of manufacture, purchaseand sale of textiles
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LOYALTEX paid a ₹5,900 fine for a one-day delay in submitting its financial results. The company has committed to ensuring full compliance with reporting requirements going forward.
Loyal Textile Mills' shareholders have approved a significant related party transaction with Gruppo P&P Loyal S.p.A. This corporate action, passed with an overwhelming majority, clears the path for continued business collaboration between the companies.
Loyal Textile Mills announced Q3 results, executing a realignment plan. Sale of the SVTM unit generated a ₹7.91 Cr gain. Focus on high-value textiles resulted in narrowing losses and positive EBITDA, with management confident of achieving profitability soon.
Loyal Textile Mills' board has approved key strategic moves. The company plans its 79th AGM for September 26. A major development is the board's approval for the sale of its units in Menakur, Andhra Pradesh, and Arasanur, Tamil Nadu, pending shareholder approval at the upcoming AGM. Additionally, Messrs. Mohan Kumar...
Loyal Textile Mills' Board greenlit the proposed sale of its manufacturing units located in Menakur, Andhra Pradesh, and Arasanur, Tamil Nadu. This strategic move, aimed at streamlining operations, is contingent on shareholder approval at the upcoming 79th Annual General Meeting. Further strengthening its governance, the company also appointed Mohan Kumar...