Southern Latex Q1 PAT Rs 1.31L; board plans name change and new business
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On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Southern Latex Q1FY27 (quarter ended June 30, 2026) reported zero revenue from operations, with total income of Rs 6.00 lakhs entirely from other income. PAT stood at Rs 1.31 lakhs versus Rs 1.27 lakhs in Q1 last year. EPS at Rs 0.018. Board approved alteration of Main Objects Clause and a new company name, signaling a major pivot away from the rubber industry. 37th AGM set for September 10. Auditors gave unmodified opinion.
Company has no operating revenue and is pivoting away from its core rubber business; name change and new objects require shareholder approval at AGM.