Southern Latex Limited (SLL), a company operating in the coir sales segment, has announced its unaudited financial results for the first quarter ended June 30, 2025, along with several key board appointments and corporate decisions.

Financial Performance

The company reported a total income of Rs 6.00 lakhs for Q1 FY2026, with a profit after tax of Rs 1.27 lakhs. This marks a significant improvement compared to the same quarter last year when the company posted a profit of Rs 0.65 lakhs.

Key Appointments and Corporate Decisions

Board Appointments

• New Independent Director: Ms. Ashitha K has been appointed as an Additional Woman Independent Director for a five-year term from August 12, 2025, to August 11, 2030. Ms. Ashitha brings 15 years of corporate experience in fiscal management, human resources, strategic planning, and operational leadership.

Auditor Appointments

• Internal Auditor: CA Ms. Harshini Jaldu (M.No: 279133) has been appointed as the Internal Auditor of the company. Ms. Jaldu is a member of the Institute of Chartered Accountants of India with experience in direct tax, indirect tax, financial management, and financial reporting.
• Secretarial Auditor: M/s SPAN & Co., Company Secretaries LLP (FRN: L2016TN009000) has been appointed as the Secretarial Auditor for five consecutive years from FY 2025-26 to 2029-30, subject to shareholder approval.

Annual General Meeting

The company has scheduled its 36th Annual General Meeting (AGM) for September 10, 2025, to be held via video conferencing. Key dates related to the AGM include:

• Record Date: September 3, 2025 (for determining shareholders eligible to vote)
• Book Closure: September 4-10, 2025 (both days inclusive)
• E-voting Period: September 7-9, 2025

Southern Latex Limited continues to focus on its core business of coir sales, with these recent appointments and financial results reflecting the company's efforts to strengthen its governance and financial position.

Southern Latex Limited , a company specializing in coir sales, has reported a significant increase in profit for the quarter ended June 30, along with several key appointments and corporate announcements.

Financial Performance

The company's unaudited financial results for Q1 show a notable improvement in profitability:

Southern Latex Limited's total income remained steady at Rs. 6.00 lakhs for the quarter. However, the company's profit after tax nearly doubled to Rs. 1.27 lakhs, compared to Rs. 0.65 lakhs in the same quarter last year, representing a 95.38% increase. This growth in profitability is reflected in the company's earnings per share, which rose from Rs. 0.01 to Rs. 0.02.

Board Appointments and Corporate Actions

The Board of Directors, in their meeting held on August 12, made several key decisions:

1. Board Appointment: Ms. Ashitha K (DIN: 07233606) has been appointed as an Additional Director, Independent and Non-Executive, for a five-year term starting August 12. The Board has confirmed that Ms. Ashitha K is not disqualified from holding the office of Director and is not related to any existing Directors or Key Managerial Personnel.

2. Internal Auditor: CA Ms. Harshini (M.No: 279133) has been appointed as the Internal Auditor of the company.

3. Secretarial Auditor: M/s SPAN & Co., Company Secretaries LLP (FRN: L2016TNO09000) has been appointed as the Secretarial Auditor for a period of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

4. Annual General Meeting: The 36th AGM is scheduled for September 10, at 11:30 A.M., to be held through Video Conferencing or Other Audio Visual Means.

5. Book Closure and E-voting: The Register of Members and Share Transfer Books will be closed from September 4 to September 10. The record date for determining shareholder eligibility for voting at the AGM is set for September 3. E-voting will be available from September 7 to September 9.

Southern Latex Limited operates solely in the coir sales segment and has a paid-up equity capital of Rs. 73.59 lakhs. The company's financial results have been reviewed by the Audit Committee and approved by the Board of Directors, with the statutory auditors expressing an unmodified opinion on these results.

Investors and stakeholders are advised to refer to the detailed financial results and corporate announcements available on the company's website for a comprehensive understanding of Southern Latex Limited's performance and future outlook.