EGM of La tim Metal & Industies Limited held on 15th November, 2025, the outcome of the meeting is attached.
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La Tim Metal & Industries Ltd held its 1st EGM of FY2025-26 on 15th November 2025 via video conferencing, lasting just 14 minutes (3:30 PM to 3:44 PM). Three resolutions were tabled: (1) issuance of equity shares to non-promoters on a preferential basis (Special Resolution), (2) issuance of convertible warrants to the promoter and promoter group on a preferential basis (Special Resolution), and (3) approval of a related party transaction under Section 188 of the Companies Act for the acquisition/purchase of land from related parties (Ordinary Resolution). A total of 54 shareholders attended (3 from the promoter group and 51 from the public). Remote e-voting ran from 12th to 14th November 2025, and combined voting results are awaited.
The resolutions point to a near-term fund-raising exercise (both equity shares and convertible warrants) combined with a land purchase from related parties. Existing public shareholders should watch for the e-voting outcome and the pricing/disclosure details of the preferential issues, as these will determine the dilution impact and whether the related-party land deal is at fair market terms.