NewsCorporate ActionsLast Mile Enterprises Allots 9.61 Lakh Equity Shares Upon Warrant ExerciseLast Mile Enterprises Allots 9.61 Lakh Equity Shares Upon Warrant Exercise
Last Mile Enterprises Limited has allotted 961,650 equity shares at ₹60 per share to three non-promoter investors following warrant exercise. The allotment, approved on October 30, 2025, raised ₹57,699,000. Nikhil Tyagi received the largest allocation of 751,650 shares. The new shares will have equal rights as existing shares, including dividend entitlement.
*this image is generated using AI for illustrative purposes only.
Last Mile Enterprises Limited (formerly known as Trans Financial Resources Limited) has announced the allotment of 9,61,650 equity shares following the exercise of warrants by three non-promoter investors. The company's board of directors approved this allotment during a meeting held on October 30, 2025, at its registered office.
Allotment Details
The equity shares, with a face value of ₹1 each, were allotted at a price of ₹60 per share. The allotment was made upon receipt of the remaining exercise price of ₹45 per warrant, representing 75% of the total warrant exercise price. The newly issued shares will rank pari passu with existing equity shares in all respects, including dividend rights.
Here's a breakdown of the allotment:
| Allottee Name | Number of Shares | Amount (in ₹) |
|---|---|---|
| Nikhil Tyagi | 751,650 | 45,099,000 |
| Venkat Mandalapu | 126,500 | 7,590,000 |
| Anjali Sangtani | 83,500 | 5,010,000 |
| Total | 961,650 | 57,699,000 |
Impact on Share Capital
This allotment comes as part of the company's ongoing efforts to strengthen its capital base. The exercise of warrants and subsequent equity allotment may potentially impact the company's shareholding structure and could provide additional funds for its operations or expansion plans.
Regulatory Compliance
Last Mile Enterprises has duly informed the BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The allotment process adhered to the guidelines set forth by SEBI in its various 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 investment decisions related to Last Mile Enterprises. As always, it's recommended to conduct thorough research and consult with financial advisors before making any investment choices.
