Last Mile Enterprises Limited has disclosed a share acquisition by its promoter group under SEBI regulations. Hemrajsinh Surendrasinh Vaghela, along with persons acting in concert, acquired 1,78,698 equity shares through open market transactions on March 17, 2026.

Latest Transaction Details

The recent acquisition represents a 0.05% increase in the promoter group's shareholding pattern. The disclosure was submitted to BSE Limited on March 18, 2026, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Disclosure Documentation

The formal disclosure was submitted by Mr. Hemrajsinh Surendrasinh Vaghela from his address at Vimal Villa, Vaghela Farm, Behind Bhagwat Petrol, Gota, Sola Ahmedabad-380060. The documentation confirms that no shares were encumbered and no voting rights were acquired through instruments other than equity shares.

Promoter Group Structure

The persons acting in concert with Hemrajsinh Surendrasinh Vaghela include Priyanka Hemrajsinh Vaghela, Jyotiradityasinh Vaghela, Poojakumari Hemrajsinh Vaghela, Rishi Hiten Parikh, Vimalkumari Surendrasingh Vaghela, Jayantibhai Virdas Patel, Priti Manish Patel, Siddharth Hans, Saffron Finance Limited, and Trans Fiscal Private Limited.

Company Information

Last Mile Enterprises Limited maintains a total equity share capital of Rs. 35,57,69,000, comprising 35,57,69,000 equity shares of Re. 1 each. The share capital structure remained unchanged following this transaction. The promoter group maintains no warrants, convertible securities, or other instruments that would entitle them to additional voting rights in the company.

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