Last Mile Enterprises Promoter Group Increases Stake to 25.26% Through Open Market Purchase

1 min read     Updated on 23 Mar 2026, 09:19 PM
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AI Summary

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?

Last Mile Enterprises Promoter Group Increases Shareholding to 25.22%

1 min read     Updated on 18 Mar 2026, 05:46 PM
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AI Summary

Hemrajsinh Surendrasinh Vaghela and persons acting in concert acquired 1,78,698 equity shares of Last Mile Enterprises Limited through open market transactions, increasing their collective shareholding from 25.17% to 25.22%. The formal regulatory disclosure was submitted to BSE on March 18, 2026, confirming compliance with SEBI substantial acquisition regulations.

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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.

Parameter: Before Acquisition Transaction After Acquisition
Shares Held: 8,95,49,117 +1,78,698 8,97,27,815
Voting Rights (%): 25.17% +0.05% 25.22%
Transaction Mode: - Open Market -
Transaction Date: - March 17, 2026 -

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.

Disclosure Parameter: Details
Acquirer Category: Promoter Group
Stock Exchange: BSE
Scrip Code: 526961
Submission Date: March 18, 2026
Acquisition Mode: Open Market

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.

What strategic initiatives might Last Mile Enterprises be planning that prompted the promoter group to increase their stake at this time?

Could this acquisition signal preparation for a potential delisting or privatization attempt given the promoter group's consolidated control?

How might this increased promoter shareholding affect minority shareholder interests and corporate governance decisions going forward?

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