Southern Latex Limited

Meeting Details

The 37th AGM will be held on Thursday, 10th September, 2026 at 11:30 AM through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with MCA General Circular 03/2025 dated 22nd September 2025 and SEBI circular dated October 03, 2024.

Ordinary Business Items

Item 1: Adoption of Financial Statements

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026
  • Includes Reports of the Board of Directors and Auditors

Item 2: Appointment of Director

  • To appoint Mr. Neelakanda Pillai Namasivayam (DIN: 00084550) as director liable to retire by rotation
  • Director retires by rotation and is eligible for reappointment

Special Business Items

Item 3: Change of Company Name

  • Special resolution to change company name from "Southern Latex Limited" to "Shirdi Engineering Limited"
  • Pursuant to Sections 4 and 13 of Companies Act, 2013
  • Subject to approval of Central Government and name reservation by Registrar of Companies
  • Memorandum of Association to be altered by substituting Clause I with new name
  • Mr. Neelakanda Pillai Namasivayam, Mr. Muralikrishnan, and Mrs. Kavitha C authorized to complete necessary formalities

Item 4: Alteration of Object Clause

  • Special resolution to insert new main object clauses related to electrical engineering industry
  • New clauses 3(A) 1, 2, 3, and 4 to be added to Main Objects
  • Existing main objects clauses to be renumbered as 3(A) 5, 6, 7, 8, and 9
  • New business activities include: manufacturing of electrical power transmission equipment, transformers, conductors, cables, electrical instruments, switchgears, solar components, and related electrical equipment
  • Same authorized persons to complete formalities

Item 5: Removal of Other Objects Clause

  • Special resolution to remove Other Objects Clause from Memorandum of Association
  • Pursuant to Section 4(1)(c) of Companies Act, 2013 which prohibits Other Objects Clause
  • Compliance measure to align with Companies Act 2013 requirements
  • Same authorized persons to complete formalities

Voting Arrangements

  • Remote e-voting period: Monday, 7th September, 2026 at 9:00 AM to Wednesday, 9th September, 2026
  • Cut-off date for determining voting eligibility: 3rd September, 2026
  • Register of Members and Share Transfer books remain closed from 4th September to 10th September, 2026
  • CDSL appointed as e-voting agency
  • Physical shareholders must provide folio number, PAN, and other details for e-voting

Explanatory Statements

  • Board identifies electrical goods business as potential area for diversification and long-term growth
  • Existing name associated with rubber industry doesn't reflect proposed business profile
  • Name change considered necessary for market perception, customer acceptance, and brand positioning
  • Proposed new name reserved vide SRN AC4643359
  • Change of name won't affect existing rights, obligations, contracts, or liabilities of the company
  • Removal of Other Objects Clause required for compliance with Companies Act 2013

Director Information

Mr. Neelakanda Pillai Namasivayam

  • DIN: 00084550
  • Date of Birth: 04/04/1963
  • Initial Appointment: 05/11/2003
  • Qualification: Bachelor in Science
  • Experience: Mechanical
  • Directorships: Rajalakshmi Education Services Private Limited, Shirdi Conductors Private Limited, Norton Polymers Limited
  • Shares Held: Nil