La Tim Metal & Industries Limited has announced significant corporate actions, including a substantial capital raise and a strategic land acquisition, as approved by its board of directors on October 17, 2025.

Capital Raise Details

The company plans to raise a total of Rs. 50.86 crore through two separate preferential issues:

1. Warrant Issue to Promoters:

   • Number of warrants: 3,50,00,000
   • Issue price: Rs. 10.00 per warrant (including Rs. 9.00 premium)
   • Total amount: Rs. 35.00 crore
   • Conversion period: 18 months from allotment

2. Equity Shares to Non-Promoters:

   • Number of shares: 1,58,60,000
   • Issue price: Rs. 10.00 per share (including Rs. 9.00 premium)
   • Total amount: Rs. 15.86 crore
   • Number of allottees: 79

Key Terms of Warrant Issue

• Each warrant is convertible into one equity share within 18 months from the date of allotment.
• 25% of the consideration is payable upfront, with the remaining 75% due upon conversion.

Land Acquisition

La Tim Metal & Industries has also agreed to purchase land from its promoters:

• Location: Village Ashre, Taluka Sudhagad, Raigad District
• Area: 1177.1 guntha (approximately 29.43 acres)
• Maximum consideration: Rs. 16.00 crore
• Purpose: Potential development for residential, industrial, or commercial use

Shareholding Impact

The proposed issuances, if fully converted, will significantly alter the company's shareholding structure. Notable changes include:

Corporate Governance

The land acquisition is classified as a related party transaction, conducted at arm's length. The company has scheduled an Extraordinary General Meeting for November 15, 2025, to seek shareholder approval for these proposals.

These strategic moves by La Tim Metal & Industries indicate a focus on expansion and development, potentially positioning the company for future growth in its operations and asset base.

La Tim Metal & Industries Limited, a company listed on the Bombay Stock Exchange (BSE), has reported financial results for the first half of the fiscal year 2023 and announced the cancellation of a scheduled board meeting. The company, which operates in the metal industry, faced challenges in both its standalone and consolidated operations.

Financial Performance

La Tim Metal & Industries Limited reported a significant downturn in its financial performance for the half-year ended September 30, 2022:

The company's standalone operations saw a substantial decline, with revenue from operations decreasing by 38.2% year-over-year. More concerning was the shift from a profit of ₹400.28 lakhs in the previous year to a loss of ₹201.12 lakhs in the current period.

On a consolidated basis, which includes the results of its subsidiary La Tim Sourcing (India) Private Limited, the situation appeared even more challenging. Consolidated revenue plummeted by 52.9%, while the company swung from a profit of ₹1,478.95 lakhs to a loss of ₹916.55 lakhs.

Board Meeting Cancellation

In a separate development, La Tim Metal & Industries Limited has announced the cancellation of its board meeting originally scheduled for September 8, 2023. According to the company's filing:

"The meeting of the Board of Directors scheduled for Monday, 8th September 2023, has been cancelled. The management requires additional time to deliberate on the matter of the proposed fundraising before the Board."

This cancellation, communicated through a regulatory filing dated September 3, 2023, suggests that the company is carefully considering its financial strategies, possibly in light of the recent performance challenges.

Auditor Review

The financial results for the quarter and half-year ended September 30, 2022, were reviewed by the company's auditors, Dhirubhai Shah & Co LLP. This review adds credibility to the reported figures, ensuring compliance with accounting standards and regulations.

As La Tim Metal & Industries navigates through this period of financial difficulty, stakeholders will be keenly watching for any strategic moves or fundraising initiatives that the company might undertake to improve its financial position.