Last Mile Enterprises Promoter Group Increases Stake to 25.26% Through Open Market Purchase
Mr. Hemrajsinh Surendrasinh Vaghela, promoter of Last Mile Enterprises Limited, acquired 1,50,000 equity shares through open market purchase on March 20, 2026, increasing the promoter group's shareholding from 25.22% to 25.26%. The acquisition was disclosed under SEBI takeover regulations, with the company maintaining its equity capital of Rs. 35,57,69,000 comprising 35,57,69,000 shares of Re. 1 each.

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Last mile enterprises has received a regulatory disclosure from promoter Mr. Hemrajsinh Surendrasinh Vaghela regarding the acquisition of additional equity shares through open market purchase. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the promoter group's increased shareholding in the company.
Share Acquisition Details
Mr. Hemrajsinh Surendrasinh Vaghela acquired 1,50,000 equity shares through open market purchase on March 20, 2026. The acquisition represents 0.042% of the company's total share capital and voting rights.
| Parameter | Details |
|---|---|
| Shares Acquired | 1,50,000 |
| Acquisition Mode | Open Market |
| Transaction Date | March 20, 2026 |
| Percentage of Total Capital | 0.042% |
Shareholding Pattern Changes
The acquisition resulted in an increase in the promoter group's total shareholding from 25.22% to 25.26%. The detailed shareholding pattern shows the consolidated holding of the acquirer along with persons acting in concert.
| Shareholding Details | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares | 8,97,27,815 | 8,98,77,815 | +1,50,000 |
| Percentage Holding | 25.22% | 25.26% | +0.042% |
| Voting Rights | 25.22% | 25.26% | +0.042% |
Persons Acting in Concert
The disclosure identifies multiple persons acting in concert with the acquirer, including:
- 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 Capital Structure
Last Mile Enterprises Limited maintains its equity share capital structure unchanged following the acquisition. The company's shares are listed on BSE and the total equity base remains constant.
| Capital Structure | Details |
|---|---|
| Total Equity Shares | 35,57,69,000 |
| Face Value per Share | Re. 1 |
| Total Equity Capital | Rs. 35,57,69,000 |
| Listing Exchange | BSE |
The disclosure confirms that no shares are under encumbrance and there are no outstanding warrants or convertible securities that could affect the voting capital structure.
Will the promoter group continue increasing their stake beyond 26% to trigger a mandatory open offer under SEBI takeover regulations?
How might this increased promoter ownership affect Last Mile Enterprises' strategic decisions regarding expansion or potential partnerships?
Could this shareholding increase signal preparation for a potential delisting or privatization of the company?

































