This is in continuation with our letter dated 18th August, 2025, the Corrigendum to the Annual Report for the Financial year 2024-25 is hereby given. A Corrigendum is being issued to ....
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Southern Latex Limited has issued a corrigendum to its Annual Report for FY 2024-25 to fix an inadvertent labelling error. The financial figures in the Balance Sheet, Profit & Loss Statement, Cash Flow Statement, and Schedules were incorrectly shown as 'In Lakhs' when they should have been shown as 'In Rupees'. The corrected annual report has been sent to shareholders and uploaded to the company's website. From the corrected financials, total income stood at Rs. 53.90 lakh (vs Rs. 55.25 lakh in FY23-24) and net profit was Rs. 23.15 lakh (vs Rs. 23.50 lakh previously). The company noted it has no commercial operations currently and is exploring new business opportunities.
This is essentially a technical correction (unit label change) rather than a revision of actual numbers. Shareholders should review the corrected report, but the underlying financial position is broadly unchanged. The slight year-on-year decline in income and profit, combined with no commercial operations, signals a stagnant business awaiting new direction.