Under Regulation 30 of Securities and Exchange Board of India (Listing obligation and disclosure requirements) regulation 2015, as amended read with applicable circular issued thereto,("SEBI ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
La Tim Metal & Industries Ltd has withdrawn its proposed preferential issue that was filed with BSE in October 2025. The original proposal included issuance of 3.5 crore convertible warrants (Rs 10 each) and 1.59 crore equity shares (face value Re 1 each) at Rs 10 per share. The company cited that proposed investors declined to participate due to the substantial time elapsed since obtaining in-principle approval. The company clarified this withdrawal will not materially impact its business operations or financial stability. Management has indicated it may explore alternative capital-raising avenues, including a fresh preferential issue, in the future.
The withdrawal removes potential share dilution for existing shareholders in the near term. However, it also signals weaker investor appetite for the company at current terms, and the company may face challenges in raising equity capital going forward.