Last Mile Enterprises Limited has announced the allotment of 14,76,000 equity shares following the exercise of warrants by four non-promoter investors. The board meeting for this allotment was held on October 28, 2025, at the company's registered office.

Allotment Details

The company has issued fully paid-up equity shares with a face value of ₹1 each. The allotment was made upon receipt of the remaining exercise price of ₹45 per warrant, which represents 75% of the total warrant exercise price of ₹60 per warrant.

Here's a breakdown of the allotment:

Impact and Implications

The newly allotted equity shares will rank equally with existing equity shares in all respects, including dividend rights. This allotment is part of a preferential issue, as indicated in the company's regulatory filing.

The issuance of these shares upon warrant exercise may potentially impact the company's shareholding structure and could be seen as a sign of investor confidence in the company's prospects.

Regulatory Compliance

Last Mile Enterprises Limited has made this announcement in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The company has provided the necessary details as required by various SEBI circulars, including those dated July 13, 2023, November 11, 2024, and December 31, 2024.

Investors and market participants are advised to consider this information while making their investment decisions. As always, it's recommended to conduct thorough research and consult with financial advisors before making any investment choices.

Last Mile Enterprises has announced the formation of a new joint venture with Agribid Private Limited, marking a significant step into the agricultural technology sector. The joint venture has led to the incorporation of a new subsidiary named AGRIMILE SOLUTIONS PRIVATE LIMITED.

Joint Venture Details

The Ministry of Corporate Affairs issued the Certificate of Incorporation for AGRIMILE SOLUTIONS PRIVATE LIMITED (CIN: U46209GJ2025PTC167807) on September 16, 2025. The ownership structure of the joint venture is as follows:

Financial Structure

The newly formed subsidiary has an authorized and paid-up capital of Rs 10.00 lakh, divided into 1 lakh equity shares of Rs 10.00 each. Last Mile Enterprises has invested Rs 5.10 lakh for its 51,000 shares, aligning with its 51% ownership stake.

Business Objectives

AGRIMILE SOLUTIONS PRIVATE LIMITED aims to revolutionize the agricultural sector by providing:

1. Tech-enabled solutions
2. Finance-integrated services
3. Improved sourcing, storage, and distribution of agricultural commodities

The joint venture's primary focus areas include:

• Enhancing transparency and traceability across the agricultural value chain
• Improving market access for farmers
• Reducing intermediaries in the supply chain
• Leveraging efficient logistics and storage infrastructure

Strategic Implications

This joint venture represents a strategic move for Last Mile Enterprises to expand its business operations and capabilities in the agricultural technology sector. By partnering with Agribid Private Limited, the company aims to create synergies that will benefit farmers and streamline the agricultural supply chain.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Last Mile Enterprises has made the necessary disclosures to the BSE Limited. The company has provided detailed information about the joint venture, including its objectives, shareholding pattern, and potential impact on its business operations.

Mr. Harishkumar Bhalchandra Rajput, Managing Director of Last Mile Enterprises, signed the regulatory filing, underscoring the company's commitment to transparency and adherence to regulatory requirements.

As the agricultural sector continues to evolve with technological advancements, this joint venture positions Last Mile Enterprises at the forefront of innovation in agri-tech solutions, potentially opening new avenues for growth and value creation for stakeholders.