Loyal Textile Mills CEO N Srinivasan resigns, Executive Director to take over
LOYALTEX · price
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Loyal Textile Mills Limited has informed that its CEO, Mr. N Srinivasan, has resigned due to personal reasons, effective close of business on 30 June 2026. The Board has accepted the resignation by circular resolution dated 10 June 2026 and entrusted overall management to existing Executive Director Mr. M.E. Manivannan, who is already a Key Managerial Personnel. No other material reasons for the resignation were disclosed.
Smooth internal transition as existing Executive Director takes over operations. Minor management change with limited disruption expected.