LTLoyal Textile Mills514036Routine director change

Independent Director Retires on Completion of Second Term

Loyal Textile Mills has told the exchanges that Mr. Gokul S Dixit has retired as an Independent Director.

By ScoutQuest · Wed 4 Nov 2026, 10:23 AM IST · 1 min read

Independent Director

Mr. Gokul S Dixit

DIN

00357170

Date of Cessation

close of working hours on November 03, 2026

What was announced

• The company informed the exchanges that Mr. Gokul S Dixit (DIN: 00357170) has retired as an Independent Director.
• The retirement follows the completion of his second term of office as an Independent Director.
• The cessation took effect from the close of working hours on November 03, 2026.
• The company's letter carrying the intimation is dated November 04, 2026.

Reason recorded in the annexure

• The reason for change is stated as "Separation due to completion of second term as an Independent Director of the Company on November 03, 2026".
• The date of cessation is given as the close of working hours on November 03, 2026.

Other details in the annexure

• Brief profile: Not applicable.
• Disclosure of relationships between directors: Not applicable.

What this means for a reader

• This is a board-level change. An independent director has left the board at the end of a fixed term, which the update describes as retirement on completion of the second term, rather than a resignation or a removal.
• The update identifies the director and the date his term ended, and states the reason for the separation.
• No payment, shareholding, penalty or financial item is involved in this disclosure; it records the change and its reason.

How to read it

• The announcement is a routine update on the composition of the board and the end of one director's term.
• Investors looking at board stability can note who has left and the date from which the board no longer includes him.

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