|₹33.5 / ₹4.56|
What is shareholding pattern? Who are shareholders?
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Incorporated as a private limited company on 29 Mar. '89, Souther Latex was converted into a public limited company in Sep. '93. It was promoted by S Meganathan, G Kumaresan and Nirmal Joseph. Initially, the company proposed to enter the 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, the company decided to shelve the project and go into the manufacture of rubberised coir products using curled coir and creamed rubber latex as raw materials. The company implemented its project for the manufacture of 90,000 rubberised coir mattresses pa at Gummidipoondi at a cost of Rs 140 lac.