In compliance with Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we hereby attach the Annual Report for the ....
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Southern Latex Limited has submitted its 36th Annual Report for the financial year ended March 31, 2025, to BSE. The company reported a total income of Rs. 53.90 lakh in FY25, down from Rs. 55.29 lakh in FY24. Net profit stood at Rs. 23.15 lakh versus Rs. 23.50 lakh in the previous year, with EPS of Rs. 0.31. The company has no commercial operations and earns income mainly from interest on retained earnings. No dividend has been recommended. The board is exploring new business opportunities, strategic partnerships, and product development to revive growth. During the year, Mr. S. Balasubramanian was appointed as Independent Director, while Mr. V K Balaji and Ms. Shanthi's terms ended. The auditor flagged outstanding income tax (Rs. 4.38 lakh) and TDS (Rs. 0.53 lakh) dues from the Covid period, which the board says have been or will be paid.
For shareholders: The stock remains in a dormant operational state with declining income and stagnant profits, and no dividend is being paid. The company is not commercially active and is exploring new business avenues, which means future growth depends entirely on management's ability to land new ventures or partnerships. Investors should view this as a low-activity, minimal-revenue company awaiting a potential business revival.