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Loyal Textile Mills Seeks Approval for Material RPTs Exceeding 10% of Turnover
Loyal Textile Mills has issued a postal ballot notice to seek shareholder approval for material related party transactions with its joint venture partner, Gruppo P&P Loyal S.p.A. The transactions, planned for the 2026-27 financial year, are expected to exceed 10% of the company's annual consolidated turnover. The e-voting period for shareholders is scheduled from March 1, 2026, to March 30, 2026, with results to be declared on March 31, 2026. The company maintains that these transactions will be conducted at arm's length and in the ordinary course of business.
Key Highlights
Seeking shareholder approval for transactions with JV partner Gruppo P&P Loyal S.p.A for FY 2026-27.
Aggregate value of transactions is expected to exceed 10% of the annual consolidated turnover.
Remote e-voting period runs from March 1, 2026 (9:00 AM) to March 30, 2026 (5:00 PM).
The cut-off date for determining shareholder eligibility for voting is February 27, 2026.
Transactions involve sale/purchase of goods, services, and reimbursement of expenses.
💼 Action for Investors
Investors should review the detailed explanatory statement in the postal ballot notice to ensure the related party terms are equitable. Participation in the e-voting process is recommended to exercise governance rights regarding these significant operational transactions.
Loyal Textile Mills Approves Q3 FY2025-26 Unaudited Financial Results
Loyal Textile Mills Limited has officially approved its standalone and consolidated financial results for the quarter and nine months ending December 31, 2025. The Board of Directors met on February 11, 2026, to adopt these results along with the limited review report from statutory auditors M/s. Brahmayya & Co. While the specific financial figures were not detailed in the cover letter, the approval marks the completion of regulatory compliance for the third quarter. Investors should now focus on the detailed financial tables to assess the company's operational trajectory.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the period ended December 31, 2025.
The statutory audit review was completed by M/s. Brahmayya & Co., Chartered Accountants.
The board meeting was held on February 11, 2026, lasting from 1:50 P.M. to 7:15 P.M.
Compliance maintained under Regulation 33 of SEBI Listing Regulations for the third quarter reporting.
💼 Action for Investors
Investors should review the full financial statements to evaluate revenue growth and margin trends in the textile segment. Compare these results with previous quarters to determine if the company is maintaining its operational efficiency.
Loyal Textile Mills Approves Q3 FY26 Unaudited Financial Results
Loyal Textile Mills Limited has officially approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 11, 2026, concluded with the adoption of these results along with a limited review report from statutory auditors M/s. Brahmayya & Co. This announcement confirms the completion of the regulatory review process for the third quarter of the 2025-26 fiscal year. Investors should now look to the specific financial tables for detailed performance metrics on revenue and profitability.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Statutory auditors M/s. Brahmayya & Co. issued a limited review report on the financial statements.
The board meeting was comprehensive, lasting over five hours from 1:50 P.M. to 7:15 P.M.
Disclosures were made in compliance with Regulation 33 of SEBI Listing Regulations.
💼 Action for Investors
Investors should examine the detailed financial statements to evaluate the company's margin performance and debt levels. Compare these results with industry peers to gauge Loyal Textile's competitive standing in the current market.
CARE Reaffirms Loyal Textile Mills' Credit Rating at 'BB+; Stable'; Total Debt Limits Reduced
CARE Ratings has reaffirmed the credit ratings for Loyal Textile Mills Limited, maintaining the Long-term/Short-term facilities at CARE BB+; Stable / CARE A4+. The total quantum of rated bank facilities has been reduced from approximately ₹387.55 crore to ₹321.17 crore. This rating action follows a review of the company's audited FY25 financials and provisional H1FY26 performance. The 'Stable' outlook indicates that the credit agency expects the company's financial profile to remain steady in the near term.
Key Highlights
CARE BB+; Stable / CARE A4+ rating reaffirmed for ₹80 crore Long/Short-term facilities (reduced from ₹96 crore)
CARE A4+ rating reaffirmed for ₹241.17 crore Short-term bank facilities (reduced from ₹291.55 crore)
Total rated bank exposure decreased by ₹66.38 crore to a total of ₹321.17 crore
Long-term bank facilities rating withdrawn as the specific facility amount was reduced to zero
Rating assessment based on audited FY25 and provisional H1FY26 operational and financial performance
💼 Action for Investors
The reaffirmation of the 'Stable' outlook suggests no immediate credit risk concerns; however, investors should monitor upcoming quarterly results to see if the reduction in debt limits is due to improved cash flows or reduced scale.