Loyal Textile Mills Limited has informed the Exchange regarding Resignation of Mr RM Shanmugam as Chief Operating Officer of the company w.e.f. Jun 12, 2025.
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Loyal Textile Mills Limited has informed the stock exchanges that Mr. RM Shanmugam has resigned from the position of Chief Operating Officer (COO) of the company. The resignation is due to personal reasons and will take effect from the close of working hours on June 12, 2025. The company has disclosed this under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 30, which requires listed companies to report changes in senior management personnel. No replacement or new appointment details were mentioned in the filing.
This is a routine senior management change with no immediate financial impact disclosed. Shareholders should monitor whether a replacement COO is announced soon, as leadership gaps in operations could affect execution, though the reason cited is personal and unrelated to company performance.