Loyal Textile Mills is now zero-debt Company

Loyal Textile Mills, an India-based company providing an array of products and services for textile and apparel industries, has announced that it has now reached the status of a zero-debt company. The company had an outstanding term loan of ₹52.98 crore as on March 31, 2021, from banks and financial Institutions, which it has repaid entirely on November 18.

Loyal Textile Mills has also repaid ₹27.59 crore in advance, which was due for repayment between November 19, 2021, and September 2022.

“Now, our Company has reached the status of zero-debt company,” Loyal Textile Mills said in a BSE filing.