Director redesignation at Loyal Textile Mills

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

LOYALTEX · price

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹221.55

prior close

₹220.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+0.8% vs market

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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AI summary

Loyal Textile Mills' Board has approved the redesignation of Mrs. Vishala Ramswami from Non-Executive Director to Executive Director/Whole-Time Director, effective October 1, 2026, for five years. She is the daughter of Chairperson Mrs. Valli M Ramaswami. Earlier she worked at EY's London headquarters as Global Brand, Marketing and Communications Officer. Remuneration set at Rupees 36 lakhs per annum. Subject to shareholder approval via EGM or postal ballot.

Likely market impact

Promoter family member elevated to executive role with pay of Rupees 36 lakhs p.a. Move subject to shareholder approval.