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.

Last Mile Enterprises Limited (formerly known as Trans Financial Resources Limited) has announced its 30th Annual General Meeting (AGM) to be held on Tuesday, September 30, 2025, at 12:00 PM through video conferencing (VC) or other audio-visual means (OAVM).

Key AGM Details

• The company has fixed September 23, 2025, as the record date for dividend entitlement and e-voting purposes.
• The Board of Directors has recommended a final dividend of 2% on equity shares of Rs. 1 each for the financial year 2024-25, subject to shareholder approval at the AGM.
• If approved, the dividend will be payable from October 3, 2025.
• The remote e-voting period will commence on September 27, 2025, at 9:00 AM and end on September 29, 2025, at 5:00 PM.

Financial Performance Highlights

Last Mile Enterprises reported strong financial results for the fiscal year 2024-25:

Business Segments and Growth

The company operates in two primary segments:

1. Real Estate & Other Related Services
2. Mobile Accessories, Gadgets, and Other Related Items

Both segments have shown substantial growth, with the Mobile Accessories and Gadgets division contributing significantly to the overall revenue increase.

Corporate Actions

During the year, Last Mile Enterprises undertook several corporate actions:

• Issued 36,50,467 equity shares and 10,21,500 warrants on a preferential basis.
• Acquired a 51% stake in Fair Lane Realty Limited.
• Sub-divided the face value of its equity shares from Rs. 10 each to Rs. 1 each, with the record date set as March 21, 2025.

Appointment of Auditors

The AGM will also consider the appointment of:

• M/s. H S K & CO LLP, Chartered Accountants, as Statutory Auditors for a term of five years.
• M/s. A Shah & Associates as Secretarial Auditors for five consecutive financial years from FY 2025-26 to FY 2029-30.

Shareholders are encouraged to participate in the AGM through the provided VC/OAVM facility and exercise their voting rights on the proposed resolutions.