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

Loyal Textile Mills has announced a board meeting where key managerial personnel changes were approved. Mr. S. Muthukrishnan has been appointed as the Company Secretary and Compliance Officer, effective November 12, 2024. Concurrently, Mr. N. Srinivasan 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. These changes could enhance operational efficiency and governance, leading to a positive outlook among investors due to the new leadership's diverse industry experience.