Third reminder cum forfeiture Notice for Payment of third and final call money of Rs 4.25 (Comprising of Rs 0.50/- towards face value and Rs 3.75 towards securities premium ) per paid up ....
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La Tim Metal & Industries has issued a third and final reminder-cum-forfeiture notice to 18,40,824 partly paid-up equity shareholders, asking them to pay the final call money of Rs 4.25 per share (Rs 0.50 face value + Rs 3.75 securities premium). The payment window runs from July 30, 2025 to August 14, 2025. Shareholders can pay via cheque/DD at designated ICICI Bank branches across India or via registered post to the Registrar (Skyline Financial Services). Failure to pay by August 14, 2025 will result in forfeiture of the partly paid-up shares, including any amount already paid. The notice was dispatched electronically to shareholders whose email addresses are registered, and physically to others on July 25, 2025.
Shareholders who do not pay the final call money by August 14, 2025 risk losing their partly paid-up shares entirely, including money already invested. This is a routine rights issue call collection process, but the high number of defaulting shareholders (18.4 lakh) suggests significant non-payment, which could lead to substantial share forfeitures and potential dilution changes for remaining holders.