LATIM METAL AND INDUSTRIES LTD is a Public Limited Company registered under the Companies Act, 1956. Registered Office of the Company is situated at Mumbai. The Company was incorporated as a private limited company on 28th January, 1975 and on 22nd August, 1975 it was converted into a Public Limited Company.
Company was originally promoted by Mr. Mahendra Sekhri, K.S. Ghotankar, Mr. S.J. Ahmed, Mr. J.P. Vidwans, and Mr. J.K. Khanna. All except Mr. J.K. Khanna were actively connected with the tungsten carbide industry for over 15 years. In addition, SICOM and WMDC (West Maharashtra Development Corporation) were the co-promoters. During the year of 2010 Company has been acquired by Mr. Rahul Timbadia and his family members and now they are the present promoters of the Company.
Company was incorporated with the object to carry on business of manufacture tungsten and tungsten carbide products, drilling rods and drilling bits. Company went for Public Issue in 1975. Company's Equity Shares are enlisted with the Bombay. But Company's shares are suspended for trading from BSE in 2001 due to non compliances of certain clauses of Listing Agreement but process of Revocation of Suspension of Trading of Shares is going on and trading of shares will resume very shortly.