Southern Latex Ltd

AGM Details

• AGM held 10 September 2026 at 11:30 IST via VC/OAVM.
• Remote and venue e-voting conducted; voting cut-off 3 September 2026.
• Consolidated scrutinizer report of e-voting uploaded on company website.

Resolutions & outcomes

• Resolution 1 (Ord): Adoption of Audited Financial Statements; passed.
• Resolution 2 (Ord): Appointment of Neelakanda Pillai Namasivayam as Director; passed.
• Resolution 3 (Spec): Change of Company Name; passed.
• Resolution 4 (Spec): Alteration of Object Clause; passed.
• Resolution 5 (Spec): Removal of Other Objects from MOA; passed.

Director changes

• Neelakanda Pillai Namasivayam appointed as Director liable to retire by rotation.

AGM Details

• Date and time: 10 September 2026 at 11:30 A.M. via VC/OAVM.
• Mode: Video Conferencing; Quorum: 41 members present.
• Remote e-voting window: 7–9 September 2026; voting end at 5:00 P.M.
• Extra 15 minutes allowed for e-voting after meeting.
• Scrutinizer appointed: Mr. Satyaki Praharaj.
• Meeting concluded at 12:05 A.M.

Ordinary Business

• Adoption of Audited Financial Statements and Board and Auditor Reports for year ended 31 March 2026.
• Reappointment of Neelakanda Pillai Namasivayam by rotation.

Special Business

• To approve change of the company name.
• Alteration in the object clause of the company.
• Removal of other objects from the Memorandum of Association.

Director Changes

• Director Neelakanda Pillai Namasivayam retires by rotation and seeks reappointment.

Auditors

• Statutory auditors present; no appointment/reappointment noted.

Voting Status

• No voting results disclosed in the filing.
• E-voting results to be communicated within 48 hours.
• Consolidated Scrutinizer's Report to be placed on website and stock exchanges.

AGM details

• 37th AGM on 10 Sep 2026 at 11:30 AM via VC/OAVM.
• AGM notice and FY2025-26 AR sent electronically to shareholders with registered emails as on 14 Aug 2026.
• Web links provided to access Annual Report and AGM notice on the company website.

KYC and share records

• Shareholders urged to register missing KYC details for folios.

Financial highlights

• Total income ₹53.96 lakh in FY26, up slightly from ₹53.90 lakh.
• EBITDA ₹32.58 lakh, up from ₹28.86 lakh.
• Net profit after tax ₹27.50 lakh, up from ₹23.15 lakh.
• EPS ₹0.37 for FY26; ₹0.31 in FY25.
• Dividend declared or proposed: none.
• Tax expense ₹5.08 lakh in FY26.
• Balance of profit carried to the balance sheet ₹27.50 lakh.

Operations status

• Company not engaged in commercial operations in FY26.
• Reported other income ₹53.96 lakh; no operating revenue.
• Exploring new business avenues via partnerships and collaborations.
• Targeting revival growth in coming years.

Capital & dividends

• Equity share capital ₹73.59 lakh; total equity ₹704.65 lakh.
• No equity issues or employee stock options during year.
• No dividend or dividend tax payable.

Governance & board

• Kesavalu K Ashitha appointed Independent Director on 12 Aug 2025; approved 10 Sep 2025.
• Santhi’s tenure as Women Independent Director ended 31 Mar 2025.
• Board meetings held: five during the year.
• Statutory auditors: Balaji & Thulasiraman; Secretarial: Span & Co.
• Secretarial audit adverse remark; vacancy of Santhi not intimated.

Audit & controls

• Auditors flagged loans repayable on demand; details in Schedule (iii)(f).
• Internal financial controls deemed adequate; going concern maintained.
• No significant non-compliance reported.

Related party & compliance

• No materially significant related-party transactions; Form AOC-2 not applicable.
• Statutory dues arrears exist, including Income Tax.
• No deposits accepted.

Shareholding & promoters

• KLASSIC INDUSTRIES PRIVATE LIMITED holds 41.98%.
• NORTAN ELECTRICALS PRIVATE LIMITED holds 23.59%.
• Top two hold 65.57% of equity as of 31 Mar 2026.

AGM Details

• Date: 10 September 2026; Time: 11:30 A.M.; Mode: VC/OAVM.
• Record date/closure: 4 September 2026 to 10 September 2026.

Resolutions proposed

• Item 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 March 2026.
• Item 2 (Ordinary): Reappointment of Neelakanda Pillai Namasivayam as director liable to rotate.
• Item 3 (Special): Change of name to Shirdi Engineering Limited, subject to regulatory approvals.
• Item 4 (Special): Alteration in main objects to include electrical engineering activities.
• Item 5 (Special): Removal of Other Object Clause from MOA.

Voting status

• Voting results not disclosed in filing; outcomes to be announced at AGM.

Director changes

• Board decided to retire Neelakanda Pillai by rotation and seek reappointment.
• Reappointment subject to AGM approval.

Other material approvals

• No ESOPs, mergers, or borrowings disclosed in this notice.

Meeting Details

• Date set for 5 August 2026.
• Time fixed at 2:00 PM.
• Location is Chennai.

Key Agenda Items

• Consider and approve unaudited quarterly results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 till 48 hours after results are made public.