Loyal Textile Mills Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors by way of a Circular resolution have approved the appointment of Mr. K Kumaran (DIN: 00801146) as an Additional Director (Non-Executive & Independent Director) for a tenure of three years with effect from 10th October 2023. Mr.K.Kumaran, completed his graduation in Engineering from Anna University and did his MBA in Duke University in USA. He is a successful industrialist having vast knowledge and rich experience over AO years in Production, Management and he has business interests in Paper & Coir products manufacturing, Bio-Medical Waste management, Electrical and Electronics Waste Management and Solid waste Management.

He is passionate about waste management services, especially recycling and reusing the materials in conformance with Indian standards. He was a member of Parliament in 2006 (Rajya Sabha MP).