La Tim Metal Issues Third Reminder for Rs 4.25 Call Money Payment

1 min read     Updated on 25 Jul 2025, 04:21 PM
scanxBy ScanX News Team
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Overview

La Tim Metal & Industries Limited has issued a Third Reminder-cum-Forfeiture Notice to 18,40,824 partly paid-up equity shareholders for its ongoing rights issue. Shareholders are required to pay Rs 4.25 per share (Rs 0.50 towards face value and Rs 3.75 towards securities premium) between July 30, 2025, and August 14, 2025. Failure to pay within the stipulated period will result in forfeiture of shares and amounts already paid. Payments can be made through cheque, demand draft, or online methods at designated ICICI Bank branches.

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*this image is generated using AI for illustrative purposes only.

La Tim Metal & Industries Limited has taken a significant step in its ongoing rights issue process by issuing a Third Reminder-cum-Forfeiture Notice to its partly paid-up equity shareholders. This move comes as part of the company's efforts to complete its rights issue and secure the required funds.

Key Details of the Notice

  • Call Money Amount: Rs 4.25 per share
  • Breakdown: Rs 0.50 towards face value and Rs 3.75 towards securities premium
  • Payment Period: July 30, 2025, to August 14, 2025
  • Affected Shareholders: 18,40,824 partly paid-up equity shareholders

Payment Process

The Right Issue Committee has approved the issuance of this notice, which has been dispatched to shareholders through various means:

  • Electronic mode for shareholders with registered email addresses
  • Physical copies for those without registered email addresses or who specifically requested hard copies

Shareholders can make payments through cheque or demand draft at designated ICICI Bank branches across multiple cities in India.

Importance of Timely Payment

La Tim Metal & Industries Limited has emphasized the criticality of timely payments. The company has warned that failure to pay within the stipulated period will result in forfeiture of the partly paid-up equity shares, along with amounts already paid.

Payment Options

Eligible shareholders can make payments through:

  1. Cheque or demand draft payable at designated ICICI Bank branches
  2. Online payment methods (details to be provided by the company)

Investor Relations

For any queries or assistance, shareholders can contact:

Skyline Financial Services Private Limited D-153 A, 1st Floor, Okhla Industrial Area, Phase - I, New Delhi- 110020 Contact Number: +91-11-40450193-197 Email: ipo@skylinerta.com

Company's Perspective

This Third Reminder-cum-Forfeiture Notice represents a crucial phase in La Tim Metal & Industries Limited's capital raising efforts. The successful completion of this call money collection will strengthen the company's financial position and support its future growth plans.

Investors and market watchers will be keenly observing the response to this call money request, as it could have implications for the company's financial health and future market performance.

Note: Shareholders are advised to carefully read the full notice and follow the instructions provided by the company to ensure proper processing of their payments.

Historical Stock Returns for La Tim Metal & Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+1.31%+0.95%+3.41%-37.44%-39.40%+161.23%
La Tim Metal & Industries
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