Enclosed herewith Notice of 01st Extra Ordinary General Meeting to be held on November 15, 2025 at 03.30 PM.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
La Tim Metal & Industries has called an EGM on November 15, 2025 (via video conferencing) to seek shareholder approval for three key items. First, issue of up to 3,50,00,000 (3.5 crore) convertible warrants to promoters and promoter group (mainly the Timbadia family) at Rs. 10 per warrant (including Rs. 9 premium), with each warrant convertible into one equity share within 18 months. Second, preferential allotment of up to 1,58,60,000 equity shares to 80 non-promoter allottees at Rs. 10 per share (including Rs. 9 premium), raising approximately Rs. 15.86 crore. Third, approval for a related party transaction to acquire 1,177.1 gunthas of land at Ashre Village, Mahagaon, Raigad district, Maharashtra, for Rs. 15.30 crore. The combined fund raise potential is roughly Rs. 50.86 crore. E-voting window: November 12–14, 2025; cut-off date: November 7, 2025.
The proposals would lead to substantial equity dilution if all warrants are exercised, but also signal promoter confidence through fresh capital infusion from the Timbadia family. The land purchase from related parties will require shareholder approval and may attract governance scrutiny. Stock may see short-term volatility around the EGM and e-voting outcomes.