In reference to our Corpoarte Announcement http://www.bseindia.com/corporates/anndet_new.aspx?newsid=5D2ECE40-F1BE-401F-94F6-427A5EFD47D3, we are filing the Outcome of the Board Meeting ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Southern Latex's board approved unaudited Q1 FY26 results (quarter ended 30 June 2025). The company reported nil revenue from operations and only Rs. 6.00 lakhs in other income, with total expenses of Rs. 4.73 lakhs, yielding a profit before tax of Rs. 1.27 lakhs and profit after tax of Rs. 1.27 lakhs (EPS of Rs. 0.017), versus Rs. 0.65 lakhs PAT in Q1 FY25. Auditors Balaji & Thulasiraman issued an unmodified (clean) limited review opinion. The board also appointed Ms. Ashitha K as an Additional Woman Independent Director for a 5-year term, CA Ms. Harshini Jaldu as Internal Auditor, and M/s SPAN & Co. as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. The 36th AGM was scheduled for 10 September 2025 via video conferencing, with record date and e-voting cut-off set as 3 September 2025.
For shareholders, the Q1 numbers show a near-doubling of profit on a small base despite zero core operating revenue, which is positive but indicates the business is not generating meaningful sales. The multiple governance changes (new independent director, internal auditor, secretarial auditor) are routine compliance matters and unlikely to move the stock on their own.