Management Change10 Jun 2026, 04:41 pm
Loyal Textile Mills CEO N Srinivasan Resigns
AI Summary
Loyal Textile Mills Ltd announced the resignation of its Chief Executive Officer (CEO), Mr. N Srinivasan, due to personal reasons, effective June 30, 2026. The Nomination and Remuneration Committee and the Board of Directors have accepted the resignation. The overall management and operations will be entrusted to Mr. M.E. Manivannan, Executive Director and Key Managerial Personnel.
Key Highlights
- CEO N Srinivasan resigns due to personal reasons.
- Resignation effective close of business hours on June 30, 2026.
- Mr. M.E. Manivannan to take over overall management.
- Board and Nomination Committee have accepted the resignation.
Price Impact
More from LOYALTEX