Loyal Textile Mills Limited has informed the Exchange regarding Notice of Postal Ballot
LOYALTEX · price
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Loyal Textile Mills Limited has issued a Postal Ballot Notice dated February 11, 2026, seeking shareholder approval for Material Related Party Transactions with its existing joint venture partner, Gruppo P&P Loyal S.p.A, for FY 2026-27. The transactions cover sale/purchase of goods and services, reimbursements, and related commercial activities, and are expected to exceed 10% of the company's annual consolidated turnover. The value of such transactions in FY 2025-26 was approximately ₹150 crore. The JV is used by the company to conduct export operations to European countries. Two of the company's directors (Mrs. Valli M Ramaswami and Ms. Vishala Ramswami) are also directors in the JV entity. E-voting is open from March 1, 2026 to March 30, 2026, with results expected on March 31, 2026.
This is a routine regulatory compliance disclosure for transactions with an existing related party (the JV), not a new deal. Related parties cannot vote on this resolution. Shareholders should review the nature and scale of transactions with the European JV partner, but the filing itself is unlikely to materially impact the stock price.