Non-Executive Director redesignated as Whole-Time Director from 1 October 2026
Board (via circular resolution dated 25/09/2026) approved redesignating Mrs. Vishala Ramswami (DIN: 06967899) from Non-Executive Director to Executive Director/Whole-Time Director w.e.f. 01/10/2026 for five years.
By ScoutQuest · · 1 min read
- Designation Change
- Non-Executive Director to Executive Director/Whole-Time Director
- Effective Date
- 01/10/2026
- Term Length
- five years
- Remuneration
- ₹36 lakhs p.a.
- Director Name
- Mrs. Vishala Ramswami (DIN: 06967899)
What happened
The Board of Directors, through a circular resolution approved by a majority of directors on 25/09/2026, approved the change in designation of Mrs. Vishala Ramswami (DIN: 06967899) from Non-Executive Director to Executive Director/Whole-Time Director, with effect from 01/10/2026 for five years.
Key details
- Reason: to entrust executive responsibilities to the Director, on the recommendation of the Nomination and Remuneration Committee
- Remuneration: ₹36 lakhs p.a.
- Term of appointment as per the Companies Act, 2013 and SEBI LODR, 2015
- Profile: worked at EY's (Ernst & Young) global headquarters in London as Global Brand, Marketing & Communications Officer; the company cites her functional expertise as beneficial
- Relationship: she is the daughter of the chairperson, Mrs. Valli M Ramaswami
Approvals pending
The redesignation is subject to approval of the members of the Company and other approvals as required, including provisions of the Companies Act, 2013 (Sections 196, 197 and 198 read with Schedule V). The Company will obtain shareholders' approval through an EGM or postal ballot. The Company confirms she is not debarred from holding office of Director by any SEBI or other authority order.
Why it matters
A non-executive director moving to a whole-time executive role means day-to-day involvement in running the company and a defined pay package. Investors may view this as a step in strengthening promoter-family involvement in executive management; the final effect depends on shareholder approval.
Also from Loyal Textile Mills
Independent Director Dr. Subrahamaniya Sivam Appointed with Effect from 22 September 2026
24 Sep 2026
More numbers
- Annual remuneration₹36 lakhs p.a.
- Term of redesignationfive years
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