We wish to inform you that the Board Of Directors of the Company at its meetinng held today has inter alia 1) Approved the Audited Financial Statements(Standalone ) for the Year ended ....
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Southern Latex Limited reported its audited standalone results for FY25. Revenue from operations was nil in both FY25 and FY24, with all income coming from other sources (Rs. 53.90 lakhs in FY25 vs Rs. 55.25 lakhs in FY24, a ~2.4% decline). Total expenses were Rs. 26.47 lakhs, yielding a profit before tax of Rs. 27.43 lakhs and a profit after tax of Rs. 23.15 lakhs (vs Rs. 23.50 lakhs in FY24). EPS stood at Rs. 0.315 vs Rs. 0.320. The balance sheet shows total assets of Rs. 690.40 lakhs, but other equity remains negative at Rs. -58.77 lakhs, indicating accumulated losses, though improving from Rs. -81.92 lakhs last year. The statutory auditors issued an unmodified opinion. The company operates in a single segment (coir sales) but had no actual sales revenue during the year.
The stock is likely illiquid and of interest mainly to existing shareholders. With no operating revenue, profits depend entirely on other income (likely interest on deposits), and the negative other equity plus persistent negative operating cash flow are concerning indicators despite an unmodified audit opinion. Investors should weigh the weak fundamentals carefully.