Enclosed herewith outcome of the Board Meeting held on Today, October 17, 2025 at 5.00 PM.
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La Tim Metal & Industries' board, which met on October 17, 2025, approved issuing 3.5 crore convertible warrants to promoters/promoter group at Rs. 10 per warrant (Rs. 9 premium), convertible into one equity share each within 18 months on payment of 25% upfront and 75% on conversion. It also approved issuing 1.586 crore equity shares to 79 non-promoter allottees at Rs. 10 per share (Rs. 9 premium). Together, the preferential issue aims to raise around Rs. 50.9 crore. Separately, the board approved buying 1177.1 guntha of land in Village Ashre, Sudhagad, Raigad from six promoter-family sellers for up to Rs. 16 crore, intended for residential, industrial or commercial development near Roha Railway station. This land deal is a related-party transaction done at arm's length and needs shareholder approval. An EGM is scheduled for November 15, 2025.
Existing non-promoter shareholders will face significant dilution once the warrants and new shares are allotted, while the promoter group's overall stake is set to rise modestly. The promoter-linked land purchase may draw governance attention and will require shareholder approval at the upcoming EGM.