Last Mile Enterprises Limited has announced the launch of 'AquaFlame', an innovative hydrogen-powered cooking gas stove through its subsidiary Last Mile Energy Private Limited. The announcement was made on 18.03.2026 under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, with the product launch scheduled for 19.03.2026.

Product Innovation and Technology

AquaFlame represents a breakthrough in clean cooking technology, utilizing hydrogen fuel cell technology to deliver zero carbon emission cooking solutions. The system incorporates a compact electrolysis process that converts water into hydrogen and oxygen, with the hydrogen supplied directly to the burner for immediate consumption during cooking.

The combustion process primarily produces water vapor, supporting cleaner indoor cooking conditions compared to conventional carbon-based fuels. This design eliminates the need for storage or transportation of compressed fuel, addressing longstanding challenges in household energy systems.

Strategic Expansion and Market Positioning

The launch marks Last Mile Energy Private Limited's entry into the clean energy appliance market, representing a strategic diversification for the parent company. The subsidiary focuses on development and commercialization of decentralized clean energy technologies, leading initiatives in hydrogen-based applications and sustainable household energy systems.

The company intends to drive key initiatives including market rollout of AquaFlame, establishment of manufacturing capabilities for mass production, product engineering and technology validation, and pilot deployments for demonstration programs.

Alignment with Government Initiatives

The AquaFlame launch directly supports the Atmanirbhar Bharat vision by addressing India's heavy reliance on imported LPG. The initiative aligns with the National Green Hydrogen Mission, positioning India as a global leader in hydrogen technologies and supporting the transition from fuel consumers to self-sufficient energy producers.

The technology addresses several challenges in the household energy ecosystem, including dependence on LPG supply chains, rising cooking fuel costs, indoor air pollution, and access to clean cooking energy in remote locations.

ESG and Sustainability Impact

The launch is expected to enhance Last Mile Enterprises Limited's ESG credentials and brand positioning in the clean energy sector. The product promotes household carbon footprint reduction and renewable energy adoption, while strengthening the company's sustainability and innovation goals.

The company believes that innovations enabling point-of-use clean energy generation have the potential to play a transformative role in the evolution of household energy systems, with AquaFlame representing an important step in developing scalable, decentralized, and sustainable energy solutions.

Source: None/Company/INE404B01022/917eee53-ad28-4440-b62d-dbfd499f130d.pdf

Last Mile Enterprises Limited (formerly Trans Financial Resources Limited) announced the outcome of its board meeting held on February 14, 2026, where directors approved Q3FY26 unaudited financial results and several strategic business expansion initiatives. The meeting, conducted at the company's registered office, addressed key operational and growth matters while ensuring regulatory compliance.

Q3FY26 Financial Results Approval

The board approved standalone and consolidated unaudited financial results for the quarter ended December 31, 2025, along with the Limited Review Report issued by the statutory auditor. The company also approved the Statement of Deviation/Variation Report under Regulation 32 of SEBI (LODR) Regulations, 2015 for the same quarter.

Hydrogen Energy Business Venture

The board approved entry into the hydrogen energy sector through subsidiary Last Mile Energy Private Limited, where the company will hold 76% of the paid-up share capital. The subsidiary will focus on designing, manufacturing and commercializing hydrogen-based products for household and commercial use to support clean energy adoption through hydrogen and hydrogen-blended fuels.

Employee Housing Loan Scheme

The board approved a housing loan scheme for eligible senior employees and Key Managerial Personnel, subject to shareholder approval. The scheme allows the company to participate as borrower, co-borrower, or co-applicant in housing loan arrangements with banks and NBFCs, drafted in accordance with Section 185 of the Companies Act, 2013.

US Joint Venture Initiative

The board approved exploration of a joint venture with Mangalam LLC in the United States for manufacturing, distribution, and marketing of consumer electronics products including mobile accessories, speakers, and chargers. The company expects to hold a minimum 51% stake in the proposed venture, which will primarily target the US market.

Regulatory and Administrative Actions

The board appointed M/s. A. Shah & Associates, Practicing Company Secretaries, as scrutinizers for the postal ballot process. The company will issue a postal ballot notice and e-voting facility pursuant to Section 108 and 110 of the Companies Act, 2013, to seek shareholder approvals for various strategic transactions. All proposed initiatives require applicable regulatory and shareholder approvals in accordance with SEBI (LODR) Regulations, 2015 and the Companies Act, 2013.