Loyal Textile Mills Limited — Others, 12-11-2024: Appointment

Loyal Textile Mills has announced a board meeting for the appointment of key managerial personnel. Mr. S. Muthukrishnan has been appointed as Company Secretary and Compliance Officer, effective November 12, 2024, taking over from Mr. N. Srinivasan, who resigns as Chief Financial Officer but will continue as Chief Operating and Strategy Officer. Mr. U. Thennappan has been appointed as the new Chief Financial Officer, also effective November 12, 2024. This management overhaul aims to enhance operational efficiency and strategic oversight, potentially improving investor confidence due to strengthened leadership.