Southern Latex Ltd

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.

Financial Performance 📊

• Total income was Rs. 6.00 lakhs in Q3 Dec 2025, flat YoY and QoQ.
• Profit before and after tax rose to Rs. 1.54 lakhs in Q3 Dec 2025 from Rs. 0.63 lakhs in Q3 Dec 2024.
• Nine months ended Dec 2025 PAT was Rs. 4.02 lakhs, up from Rs. 2.14 lakhs in prior year period.
• Basic and diluted EPS for Q3 Dec 2025 stood at Rs. 0.021, up from Rs. 0.009 in Q3 Dec 2024.
• Total expenses for Q3 Dec 2025 were Rs. 4.46 lakhs, down from Rs. 5.37 lakhs in Q3 Dec 2024.
• Employee expenses rose slightly to Rs. 1.90 lakhs in Q3 Dec 2025.

Balance Sheet & Cash Flow

• Property, plant & equipment stood at Rs. 56.51 lakhs; cash & cash equivalents at Rs. 5.04 lakhs as of Dec 31, 2025.
• Trade payables increased to Rs. 1.06 lakhs as of Dec 31, 2025 from Rs. 0.97 lakhs in Mar 2025.
• Loans and deposits remained steady at Rs. 609.33 lakhs as of Dec 31, 2025.
• Cash flow from operations for nine months ended Dec 2025 was negative Rs. 3.43 lakhs; cash declined to Rs. 5.04 lakhs.

Corporate Actions & Compliance

• Statutory auditors issued an unmodified limited review report on Q3 and nine months results.
• Board approved Q3 Dec 2025 results on January 30, 2026.

Business Model & Segments

• Company operates in a single segment: coir sales.

Financial Performance 📊

• Board approved unaudited standalone Q3 results ended 31 Dec 2025 with limited review report.
• Total income for Q3 2025 was Rs. 6.00 lakhs; profit after tax Rs. 1.54 lakhs.
• Basic and diluted earnings per share for Q3 2025 were Rs. 0.021.
• No exceptional items or discontinued operations reported for the period.

Financial Position & Cash Flow

• Balance sheet as of 31 Dec 2025 shows total assets of Rs. 684.71 lakhs and equity share capital of Rs. 735.92 lakhs.
• Cash and cash equivalents decreased to Rs. 5.04 lakhs as of 31 Dec 2025 from Rs. 8.47 lakhs on 31 Mar 2025.
• Net cash outflow from operating activities was Rs. 3.43 lakhs for nine months ended 31 Dec 2025.

Audit & Compliance

• Statutory auditors issued an unmodified limited review opinion on the unaudited financial results.
• No material regulatory, legal, or compliance issues reported in the meeting.

Business Operations

• Company operates in a single segment: coir sales.

Governance & Corporate Actions

• No changes in directors, auditors, key management personnel, dividends, capital raising, or major investments disclosed.

🗓️ Meeting Details

• Board meeting scheduled for 30 January 2025 at 2:00 P.M. at the registered office.

📊 Financial Results

• Approval of unaudited financial results for the quarter ended 31 December 2025.
• Consideration of the Limited Review Report by Statutory Auditors for the quarter ended 31 December 2025.