Management Change25 Sept 2026, 02:17 pm
Loyal Textile Mills Appoints Vishala Ramswami as Whole Time Director
AI Summary
Loyal Textile Mills Ltd has announced the change in designation of Mrs. Vishala Ramswami from Non-Executive Director to Whole Time Director under Executive Director. This change, approved by the Board via circular resolution on September 25, 2026, is effective from October 1, 2026, for a term of five years. The decision is based on the recommendation of the Nomination and Remuneration Committee, recognizing her functional expertise and potential contribution to the company. Her remuneration is set at ₹36 lakhs per annum. The appointment is subject to shareholder approval and other regulatory requirements. Mrs. Ramswami is the daughter of the company's chairperson, Mrs. Valli M Ramaswami.
Key Highlights
- Vishala Ramswami transitions from Non-Executive to Whole Time Director.
- Effective date for the new role is October 1, 2026.
- Annual remuneration set at ₹36 lakhs.
- Appointment requires shareholder and regulatory approvals.
- Director's expertise deemed beneficial to the company.
Price Impact
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