Southern Latex Ltd. incorporated as a private limited company on 29 Mar.'89, was converted into a public limited company in Sep.'93. The Company was incorporated to carry on the business of manufacturing, processing and selling of rubberized coir products led by the Promoters of the Company, S Meganathan, G Kumaresan and Nirmal Joseph.
The Company has advanced to become a leading manufacturer and exporter of a comprehensive range of supported industrial gloves coated with natural latex, nitrile and neoprene for the professional Personal Protection Equipment (PPE) markets, as well as consumer retail DIY markets. The factory is in Penang, in the northern part of Peninsula Malaysia. Their glove production exceeds 10 million pairs per annum and products are sold internationally though OEM a ...nd private label arrangements with many well known global PPE brands and major retailers in various markets.
The Company implemented project for the manufacture of 90,000 rubberised coir mattresses at Gummidipoondi costing Rs 140 lakhs. It commenced commercial production from Nov.'92.
In Sep.'94, the company came out with a public issue to part-finance its project for the expansion of installed capacity from 90,000 mattresses pa to 1,80,000 mattresses pa; to install facilities for finishing of mattresses ; to set up facilities for coir curling at Cumbum and to set up a latex creaming plant at Thalakkudi (Tirunelveli district). The coir plant and the latex creaming plant became operational in 1994-95.
In 1995-96, the company's new coir and latex creaming plants became fully operational contributing to the reduction in the cost of production.
Initially, the company proposed to enter into manufacture of latex examination gloves. However, during that period the global market for latex examination gloves went through a recession and the units that entered the market ran into problems. Hence, it decided to shelve the project and go into the manufacture of rubberised coir products using curled coir and creamed rubber latex as raw materials.
1. Can I buy Southern Latex Ltd from PL Capital? ›
Yes, you can invest in Southern Latex Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Southern Latex Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Southern Latex Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Southern Latex Ltd pay dividends? ›
Southern Latex Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Southern Latex Ltd ? ›
As of
04-12-2025 the share price for Southern Latex Ltd. is 59.86 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Southern Latex Ltd ? ›
The 52-week high and low of Southern Latex Ltd share price is ₹ 18.01 - ₹ 89.88 as of
04-12-2025 .
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