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.

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.