Southern Latex Ltd (514454)

Southern Latex Limited has issued the notice for its 37th AGM scheduled for September 10, 2026. The company is seeking shareholder approval to change its name to 'Shirdi Engineering Limited' and alter its Main Objects Clause to diversify into the electrical engineering sector. The new business scope includes manufacturing transformers, conductors, cables, and switchgear. With current TTM revenue at Rs 0 Cr, this marks a complete strategic pivot from its legacy rubber-associated business.

• 37th AGM scheduled for September 10, 2026, at 11:30 AM via VC/OAVM
• Special resolution proposed to change corporate name to Shirdi Engineering Limited
• Main Objects Clause being amended to enter manufacturing of transformers, conductors, wires, and electrical equipment
• Reappointment of Managing Director Mr. Neelakanda Pillai Namasivayam proposed upon retirement by rotation

Southern Latex reported a net profit of Rs 1.31 Lakhs for Q1 FY27, which was entirely driven by other income as operational revenue remained at zero. The Board has proposed a significant strategic shift, including altering the Main Objects Clause and changing the company's name to reflect new business activities outside the rubber industry. The 37th Annual General Meeting (AGM) is scheduled for September 10, 2026, where these changes will be put to shareholder vote. This pivot is critical as the company currently lacks core operational revenue.

• Revenue from operations remained at Rs 0 for the quarter ended June 30, 2026
• Net Profit for Q1 FY27 stood at Rs 1.31 Lakhs, marginally up from Rs 1.27 Lakhs YoY
• Total Income of Rs 6.00 Lakhs was derived entirely from Other Income
• Board approved a proposal to change the company name to reflect a new strategic direction
• AGM scheduled for September 10, 2026, with a record date of September 3, 2026

Southern Latex reported a Net Profit of ₹1.31 Lakhs for Q1 FY27, which was derived entirely from 'Other Income' as operational revenue remained at zero. The Board has approved a proposal to alter the company's Main Objects Clause and change its name, signaling a complete strategic shift away from the rubber industry. The 37th Annual General Meeting (AGM) is scheduled for September 10, 2026, with a record date of September 3, 2026, for voting eligibility. This pivot is critical for the company, which currently has no active core business operations and a small market capitalization of ₹15 Cr.

• Revenue from operations stood at ₹0.00 for the quarter ended June 30, 2026
• Net Profit for Q1 FY27 was ₹1.31 Lakhs, a marginal increase from ₹1.27 Lakhs in Q1 FY26
• Total income of ₹6.00 Lakhs was generated solely from non-operational sources
• Record date for determining shareholder voting eligibility for the AGM is September 3, 2026
• Proposed alteration of Main Objects Clause to move into business activities substantially different from the current rubber industry focus

Southern Latex reported Q1 FY27 results with zero operational revenue, continuing a trend of inactivity in its core business. The company earned a marginal Net Profit of ₹1.31 Lakhs, driven entirely by other income of ₹6.00 Lakhs. Most significantly, the Board has approved a proposal to change the company's name and alter its 'Main Objects' clause, signaling a complete strategic pivot away from the rubber industry. Shareholders will vote on these changes at the upcoming AGM on September 10, 2026.

• Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
• Net Profit for Q1 FY27 stood at ₹1.31 Lakhs compared to ₹1.27 Lakhs in the previous year's quarter
• Board approved alteration of the Main Objects Clause to pursue 'substantially different' business activities
• Company name to be changed to reflect a new corporate identity and strategic direction
• Record date for determining voting eligibility at the AGM is fixed for September 3, 2026

Southern Latex reported zero operational revenue for the quarter ended June 30, 2026, continuing its trend of non-operational status. The company generated a marginal Net Profit of Rs 1.31 Lakhs, driven entirely by Other Income of Rs 6.00 Lakhs. Significantly, the Board has approved an alteration of the Main Objects Clause and a company name change, signaling a strategic pivot into a 'substantially different' business area. Shareholders will vote on these changes at the upcoming AGM on September 10, 2026.

• Revenue from operations remained at Rs 0.00 for the quarter ended June 30, 2026
• Net Profit for the quarter stood at Rs 1.31 Lakhs, a slight increase from Rs 1.27 Lakhs YoY
• Board approved a proposal to alter the Main Objects Clause to enter new business activities
• Company plans to change its name to reflect a strategic shift away from the rubber industry
• 37th Annual General Meeting (AGM) scheduled for September 10, 2026, via video conferencing

Southern Latex reported a net profit of Rs 1.31 Lakhs for Q1 FY27, driven entirely by other income of Rs 6.00 Lakhs as operational revenue remained at zero. The Board has approved a change in the company's name and an alteration of the Main Objects Clause, signaling a strategic shift away from the rubber industry. This pivot is critical as the company has reported zero operational revenue for several consecutive quarters. Shareholders will vote on these structural changes at the upcoming AGM on September 10, 2026.

• Revenue from operations remained at Rs 0 for the quarter ended June 30, 2026
• Net profit for Q1 FY27 stood at Rs 1.31 Lakhs, a marginal increase from Rs 1.27 Lakhs in Q1 FY26
• Other income of Rs 6.00 Lakhs accounted for 100% of the total income during the quarter
• Board approved the alteration of the Main Objects Clause to reflect new, unspecified business activities
• The 37th Annual General Meeting is scheduled for September 10, 2026, with a record date of September 3, 2026