The Board Of Directors of the Company at their Meeting held today, the 10th November,2025 considered and approved the Unaudited Financial Results of the Company for the Quarter ended 30th ....
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Awaiting price reaction for this filing.
Southern Latex Limited reported no revenue from operations for Q2 FY26 (and for all prior comparable quarters shown), earning only Rs. 6.00 lakhs as 'other income' per quarter. Total income for the quarter stood at Rs. 6.00 lakhs against total expenses of Rs. 4.78 lakhs, yielding a profit after tax of Rs. 1.22 lakhs (EPS Rs. 0.017), up from Rs. 0.86 lakhs in Q2 FY25. The half-yearly PAT of Rs. 2.48 lakhs improved from Rs. 1.51 lakhs a year ago, though gains are entirely driven by non-operating income. The balance sheet shows negative other equity of Rs. 56.29 lakhs (accumulated losses exceeding share capital of Rs. 73.59 lakhs), and cash has dropped from Rs. 8.47 lakhs (March 2025) to Rs. 2.03 lakhs as operating cash flow was negative Rs. 6.44 lakhs. Statutory auditors Balaji & Thulasiraman issued an unmodified limited review opinion.
Serious going concern risk for shareholders: the company has zero operational revenue, negative reserves, eroding cash, and depends entirely on 'other income' to stay marginally profitable. With no business operations visible, the stock remains highly speculative.