The Board of directors of the Company at its Meeting held today has inter alia Approved the Unaudited Financial results along with the Limited Review Report by the Auditors for the quarter ....
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Southern Latex Limited announced its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at zero for the quarter, with the only income being 'other income' of Rs. 6 lakhs. Total expenses were Rs. 4.73 lakhs, resulting in a profit before tax of Rs. 1.27 lakhs and profit after tax of Rs. 1.27 lakhs (EPS of Rs. 0.017), compared to a PAT of Rs. 0.65 lakhs in the same quarter last year. The statutory auditor (Balaji & Thulasiraman) issued an unmodified limited review opinion. The board also appointed a new independent director (Ms. Ashitha K), a new internal auditor (CA Ms. Harshini), and a new secretarial auditor (M/s SPAN & Co.) for five years. The 36th AGM is scheduled for September 10, 2025, with book closure from September 4-10, 2025.
Shareholders should note that the company has reported zero revenue from operations, suggesting limited or suspended core business activity in the coir segment, with profitability entirely dependent on other income. While PAT nearly doubled YoY, the absolute numbers are very small, and there is no clear visibility on operational revival.