Loyal Textile Mills Limited announced that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors by way of a Circular resolution have approved the appointment of following Directors in the Board of the company with effect from November 04, 2022. Mr. Madhavan Nambiar, as an Additional Director (Non-Executive, Non-Independent Director) and Mr. Gokul Dixit as an Additional Director (Independent Director) for a tenure of three years. Madhavan Nambiar specializes in the policy and practice of infrastructure development, innovation ecosystems for emerging technologies and industries, and the design and management of government-industry partnership.

His 36 years record of Public Service as an Officer of the Indian Administrative Service, culminating his appointment as Secretary to the Government of India at the Ministry of Civil Aviation, has seen policy, programme, and regulatory work across key infrastructure and industrial sectors. Following his tenure in public service, Mr. Nambiar's work in the private sectors has focused on strengthening enterprise governance in technology, finance, healthcare, and aviation sectors. As Secretary, Civil Aviation, Mr. Nambiar led the redevelopment of India's largest airports, at Delhi and Mumbai; in doing so, he directed the design and deployment of some of India largest public private infrastructure projects.

The core financial and coordination frameworks he helped formulate for this effort helped establish the national policy standard. As Chairman and Managing Director (CMD) of Tamil Nadu State Government's apex industrial development agency, TIDCO, Mr. Nambiar conceptualized and commissioned the State's first public-private toll road project, information technology part and biotechnology park. Mr. Nambiar has also developed policy ecosystems for innovation in emerging technologies and industries.

At the Department of Information Technology, Government of India, he led the formulation of India's first Semiconductor Policy (and accompanying programmes); policy development for electronics hardware manufacturing; the reworking of national law and regulation to facilitate a growing IT industry; and the establishment of India's first national cyber security and emergency response agency CERT-IN. Mr. Nambiar is the Advisor to Executive Chairman, Tata Sons. He is also Senior Advisor to KPMG India.

As Chairman of the Indian Institute of Information Technology and Management, Kerala (IIITM-K), he has helped establish the Institute's advanced electronics manufacturing start-up incubator, `Maker Village'. He is an Independent Director of Tamil Nadu Industrial Development Corporation (TIDCO). He is also Independent Director of Larsen & Toubro, Rediff.com, Loyal Textiles Limited and Kannur Airport.

He taught public policy for several years at the School of International Public Affairs (SIPA), Columbia University. He was also Fellow at the Judge Business School's Entrepreneurship Centre, at the University of Cambridge. He is a Member of the Advisory Board at the School of Systems and Enterprises, at the Stevens Institute of Technology, New Jersey.

Mr. Nambiar holds a Master's Degree in Business Administration from the Faculty of Management Studies, Delhi, and a Bachelor's Degree in Economics from Loyola College, Madras University.