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 50,000 equity shares through open market transactions on March 12, 2026.

Transaction Details

The acquisition represents a marginal increase in the promoter group's shareholding pattern. The disclosure was submitted to BSE Limited on March 14, 2026, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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
• Trans Fiscal Private Limited

Company Information

Last Mile Enterprises Limited's equity shares are listed on BSE under scrip code 526961. The company has 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.

Regulatory Compliance

The disclosure confirms that no shares were encumbered and no voting rights were acquired through instruments other than equity shares. The promoter group maintains no warrants, convertible securities, or other instruments that would entitle them to additional voting rights in the company. This transaction represents a routine open market acquisition within the existing promoter group structure.

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.