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Loyal Textile Mills Ltd
NSE: LOYALTEX BSE: 514036
₹201
(0.50%)
Mon, 27 Jul 2026, 10:13 pm
Market Cap (in Cr)96.33
PE Ratio0
Dividend0
Process Industries
Textiles
24.5KCompany History
1982
- The company started its major expansion and modernisation.
1983
- A scheme of arrangement of the capital structure was approved by the class meetings held on 6th June.
- The scheme of arrangement of the capital structure was conformed by the Madras High court on 20th December.
1984
- The preference share capital was extinguished and secured non-convertible redeemable debentures 'B' series were allotted.
1985
- The company revalued its land, building and plant and machinery at Kovilpatti as on 30th June 1985.
1987
- The company completed its major expansion and modernisation.
2004
- The company was delisted from the Delhi Stock Exchange with effect from December 11, 2004.
2006
- Mr R Poornalingam was appointed as a Director of the Company with effect from October 27, 2006.
2007
- The company recommended a dividend of Rs 3.90 (39%) per equity share of Rs 10/- each for the financial year.
- Mr. Manikam Ramaswami was re-appointed as Chairman & Managing Director.
- Mr. Sreedhar Subramanian was inducted into the Board as an Additional Director.
2008
- The Board of Directors of the Company recommended a dividend of Rs 3.90 (39%) per equity share of Rs 10/- each for the financial year.
- Mr. P Mannivanan was appointed as an additional Director of the Company.
2010
- The Board of Directors of the Company recommended a dividend of Rs. 3.00 (30%) per equity share of Rs. 10 each.
- Mr. P I Murugappan was appointed as Chief Financial Officer.
2011
- The shareholders unanimously approved the amalgamation of Ms. Shri Chintamani Textile Mills Limited with M/s Loyal Textile Mills Limited.
- The Board of Directors of the Company declared an Interim Dividend of 100% i.e. Rs. 10 per each equity share.
2012
- The Board of Directors of the Company recommended a final dividend of Rs. 1.00/- (10%) per equity share of Rs. 10/- each.
2013
- Mr. M. Arumugam was appointed as Company Secretary and Compliance Officer.
- The company recommended a Final Dividend of Rs. 5/- (50%) per equity shares of Rs. 10/- each.
2014
- Mr. R. Mohan was appointed as Chief Financial Officer of the Company.
- The company recommended a Final Dividend of Rs. 7.50/- (75%) per Equity Shares of Rs. 10/- each.
2019
- The company received a Gold Plaque for being the largest exporter of processed cotton yarn for the year 2018-19 under category I.
- The company received a Gold Trophy for being the Highest Women Employment Generation in the country for the year 2018-19.