Loyal Textile Mills: Independent Director Appointment Pending Shareholder Approval

Loyal Textile Mills Ltd has announced the appointment of Mr. B. Vaidyanathan as an Independent Director, subject to shareholder approval. The Nomination and Remuneration Committee recommended the appointment, which was subsequently approved by the Board of Directors. Mr. Vaidyanathan brings extensive experience from his career at companies like Pond's, Hindustan Lever, Sanmar Engineering, Engelhard, and BASF, where he held leadership positions. He is a B. Tech graduate from IIT Madras and holds a PGDM from IIM Ahmedabad. He is not related to any existing board members.