La Tim Metal & Industries Ltd. has successfully concluded its rights issue, converting partly paid-up equity shares into fully paid-up shares. The company made this announcement following a meeting of its Rights Issue Committee on October 30, 2025.

Rights Issue Details

The rights issue involved the allotment of up to 1,24,994 equity shares. Here are the key details of the conversion:

Committee Meeting

The Rights Issue Committee convened to finalize the allotment process:

• Meeting Start Time: 11:45 AM
• Meeting End Time: 1:30 PM
• Date: October 30, 2025

Significance of the Rights Issue

This rights issue represents a significant corporate action for La Tim Metal & Industries Ltd. By converting partly paid-up shares to fully paid-up status, the company has potentially strengthened its capital structure. This move may enhance the company's financial position and could be viewed positively by investors and stakeholders.

Regulatory Compliance

The company has duly informed the BSE Limited about this development, adhering to the listing obligations and disclosure requirements. This transparency in corporate actions helps maintain investor confidence and ensures compliance with regulatory standards.

Shareholders and potential investors should take note of the new ISIN code (INE501N01020) for the fully paid-up equity shares resulting from this conversion. This change in ISIN is crucial for accurate tracking and trading of the company's shares in the market.

La Tim Metal & Industries Limited has announced plans for a significant capital raise and strategic land acquisition, as approved by its Board of Directors on October 17, 2025. The company aims to issue convertible warrants and equity shares through a preferential allotment, while also expanding its real estate portfolio.

Preferential Issue Details

The company plans to raise up to Rs 50.86 crore through a preferential issue, comprising:

• Up to 3.5 crore convertible warrants at Rs 10.00 per warrant to promoters/promoter group
• Up to 1.58 crore equity shares at Rs 10.00 per share to non-promoters

The issue price of Rs 10.00 per share includes a premium of Rs 9.00 over the face value of Re 1. This price is based on the higher of:

• 90 trading days' volume weighted average price: Rs 9.61
• 10 trading days' volume weighted average price: Rs 9.69

An independent registered valuer, Gaurav Kumar Maheshwari, has determined a fair value of Rs 9.69 per warrant and equity share.

Land Acquisition

La Tim Metal & Industries also plans to acquire 1,177.1 Gunthas of land in Ashre Village, Mahagaon, Taluka Sudhagad, District Raigad, Maharashtra. The land, valued at Rs 15.30 crore, will be purchased from promoter group entities. The company intends to develop this land for residential, industrial, or commercial purposes.

Extraordinary General Meeting

An Extraordinary General Meeting (EGM) has been scheduled for November 15, 2025, to seek shareholder approval for these proposals. The meeting will be held through video conferencing at 3:30 PM IST.

Key dates for the EGM:

• Record Date: November 7, 2025
• Remote e-voting period: November 12-14, 2025

Use of Funds

The company plans to utilize the funds raised for:

1. Meeting future working capital requirements
2. Purchasing land for residential/industrial plotting or commercial use
3. Capital expenditure to enhance existing manufacturing capacity or set up new product lines
4. Repayment of existing loans
5. General corporate purposes

Impact on Shareholding

Post-preferential issue, the promoter shareholding is expected to increase from 62.23% to 64.06%, while public shareholding may decrease from 37.77% to 35.53%.

This strategic move by La Tim Metal & Industries Limited aims to strengthen its position in both the metal industry and real estate sector, potentially driving growth and value for shareholders.

Investors are advised to review the detailed EGM notice and seek professional advice before making any investment decisions.