Last Mile Enterprises Limited (formerly Trans Financial Resources Limited) announced the outcome of its board meeting held on February 14, 2026, where directors approved Q3FY26 unaudited financial results and several strategic business expansion initiatives. The meeting, conducted at the company's registered office, addressed key operational and growth matters while ensuring regulatory compliance.

Q3FY26 Financial Results Approval

The board approved standalone and consolidated unaudited financial results for the quarter ended December 31, 2025, along with the Limited Review Report issued by the statutory auditor. The company also approved the Statement of Deviation/Variation Report under Regulation 32 of SEBI (LODR) Regulations, 2015 for the same quarter.

Hydrogen Energy Business Venture

The board approved entry into the hydrogen energy sector through subsidiary Last Mile Energy Private Limited, where the company will hold 76% of the paid-up share capital. The subsidiary will focus on designing, manufacturing and commercializing hydrogen-based products for household and commercial use to support clean energy adoption through hydrogen and hydrogen-blended fuels.

Employee Housing Loan Scheme

The board approved a housing loan scheme for eligible senior employees and Key Managerial Personnel, subject to shareholder approval. The scheme allows the company to participate as borrower, co-borrower, or co-applicant in housing loan arrangements with banks and NBFCs, drafted in accordance with Section 185 of the Companies Act, 2013.

US Joint Venture Initiative

The board approved exploration of a joint venture with Mangalam LLC in the United States for manufacturing, distribution, and marketing of consumer electronics products including mobile accessories, speakers, and chargers. The company expects to hold a minimum 51% stake in the proposed venture, which will primarily target the US market.

Regulatory and Administrative Actions

The board appointed M/s. A. Shah & Associates, Practicing Company Secretaries, as scrutinizers for the postal ballot process. The company will issue a postal ballot notice and e-voting facility pursuant to Section 108 and 110 of the Companies Act, 2013, to seek shareholder approvals for various strategic transactions. All proposed initiatives require applicable regulatory and shareholder approvals in accordance with SEBI (LODR) Regulations, 2015 and the Companies Act, 2013.

Last Mile Enterprises Limited (formerly Trans Financial Resources Limited) announced the outcome of its board meeting held on December 30, 2025, at the company's registered office. The board formally accepted the resignation of Mr. Dharmendra Naranbhai Gohil, who served as a Non-Executive Non-Independent Director, with immediate effect.

Director Resignation Details

The resignation became effective on December 30, 2025, marking the end of Mr. Gohil's tenure with the company. According to the official board meeting outcome, he cited preoccupation and other personal commitments as the primary reasons for his inability to continue as director.

Resignation Process and Documentation

Mr. Gohil submitted his resignation letter on December 29, 2025, requesting relief from directorship duties effective from the closing of business hours on December 30, 2025. In his resignation letter, he acknowledged gaining useful experience and challenging opportunities during his association with Last Mile Enterprises Limited.

The departing director confirmed that no other reasons contributed to his resignation beyond those mentioned in his formal resignation letter. The company has attached the resignation letter as Annexure II to the official board meeting outcome document.

Board Meeting Outcome

The board meeting transacted the business of accepting Mr. Gohil's resignation as the primary agenda item. The company confirmed that Mr. Gohil does not hold directorships in any other entities at the time of his resignation, as indicated by "NA" in the official documentation.

Regulatory Compliance

Last Mile Enterprises Limited filed this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, ensuring compliance with mandatory reporting requirements for material events affecting the company's board composition. The communication was addressed to the General Manager (DCS) at BSE Limited, referencing scrip code 526961.

The company's registered office is located at 4th Floor, Vaghela Avenue, Near Havmor Restaurant, Navrangpura, Ahmedabad-380009, and operates under CIN L70100GJ1994PLC022954.