Leadership Threads Unravel: Rajkumar Loyalka Steps Down as CEO of Zenith Exports

Executive Departure Zenith Exports Ltd has formally announced the departure of Rajkumar Loyalka as Chief Executive Officer. The announcement, made in filings to the regulator, concludes a significant leadership chapter at the export textiles firm known for its fine silk fabrics and industrial leather products.

Leadership Update:

Rajkumar Loyalka has resigned as the CEO with immediate effect

The company has yet to name a replacement or interim successor

The board will soon convene to start the succession process

Company Overview Zenith Exports, based in Kolkata, is a leading exporter of textiles in India.

Business Overview:

Analyzes silk textiles, made-ups, and leather gloves for industrial usage

Exports to more than 30 nations with a ubiquitous presence in Europe and North America

Listed on NSE and BSE with market capitalization of approximately ₹120 crore

Market Implications While the resignation will have no effect on operations, investors will be seeking stability and leadership direction for the next quarter or quarters.

Sources: Reuters, NSE Corporate Filings, Zenith Exports Annual Report, Business Standard, Moneycontrol