Loyal Textile Mills Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025.
LOYALTEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Loyal Textile Mills' Board of Directors, at its meeting on August 12, 2025, approved three items. First, the 79th Annual General Meeting is scheduled for Friday, September 26, 2025, to be held via video conferencing. Second, M/s. A. Mohan Kumar & Associates, a peer-reviewed firm of Company Secretaries, has been appointed as the Secretarial Auditor of the Company for a period of five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the AGM. Third, and most significantly, the Board approved the sale of two of the Company's manufacturing units – one at Menakur Village, Naidupeta (Andhra Pradesh) and another at Arasanur, Sivaganga (Tamil Nadu) – also subject to shareholder approval at the upcoming AGM.
The proposed sale of two manufacturing units is the key item for shareholders to watch, as it could reshape the Company's production capacity, future revenue, and balance sheet; investors should look out for the valuation, buyer identity, and intended use of sale proceeds that will be disclosed in the AGM notice. The secretarial auditor appointment is largely a routine compliance matter under SEBI listing rules.