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Latest news about Last Mile Enterprises

Last Mile Enterprises Files Postal Ballot Compliance Report with BSE on March 26, 2026 9 days ago

Last Mile Enterprises Limited completed regulatory compliance filing with BSE Limited on March 26, 2026, following postal ballot voting that concluded March 25, 2026. The company submitted voting results in XBRL format along with scrutinizer report for two special resolutions - borrowing limit increase under Section 180(1)(C) achieving 86.06% approval and Employee Housing-Loan Scheme 2026 under Section 185 receiving 84.99% approval from 5,336 total shareholders.

Last Mile Enterprises Promoter Group Increases Stake to 25.26% Through Open Market Purchase Mar 23, 2026

Last Mile Enterprises Promoter Group Increases Shareholding to 25.22% Mar 18, 2026

Last Mile Enterprises Limited Launches AquaFlame Hydrogen-Powered Cooking Stove Through Subsidiary Mar 18, 2026

Last Mile Enterprises Board Approves Q3FY26 Results and Strategic Expansion Plans Feb 15, 2026

More news about Last Mile Enterprises

14Feb 26

Last Mile Enterprises Faces Fund Shortfall as Warrant Holders Skip Conversion by Maturity

Last Mile Enterprises Limited faced a 16% funding shortfall in its ₹280.32 crore preferential issue as warrant holders failed to exercise conversion options worth ₹45.92 crore by November 2025 maturity. Despite raising only ₹234.40 crore, the company fully utilized available funds and invested additional amounts from internal sources, completing three of seven objectives while experiencing delays in four others due to the funding gap.

30Dec 25

Last Mile Enterprises Limited Board Meeting Outcome: Director Resignation December 30, 2025

Last Mile Enterprises Limited held a board meeting on December 30, 2025, accepting the resignation of Mr. Dharmendra Naranbhai Gohil (DIN: 10041074) as Non-Executive Non-Independent Director. The resignation, submitted on December 29, became effective December 30, 2025, citing preoccupation and personal commitments as reasons. The company filed the disclosure under SEBI Regulation 30 for regulatory compliance.

15Nov 25

Last Mile Enterprises Reports Mixed Q2 FY26 Results Amid Fund Utilization Challenges

Last Mile Enterprises Limited reported a significant revenue increase of 2377.8% YoY to ₹78,563.65 crore in Q2 FY26, driven by mobile accessories and gadgets business. However, net profit declined by 74.1% to ₹247.72 crore, with EPS dropping 98% to ₹0.07. The company faced challenges in fully utilizing ₹280.32 crore raised through preferential issue, with ₹45.97 crore remaining unutilized due to delays in warrant conversion. The current share price of ₹13 is below the warrant exercise price of ₹45, impacting conversion. Management is monitoring the situation and plans to complete fund utilization objectives once remaining warrant amounts are received.

31Oct 25

Last 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.

28Oct 25

Last Mile Enterprises Allots 14.76 Lakh Equity Shares Upon Warrant Exercise

Last Mile Enterprises Limited has allotted 14,76,000 equity shares to four non-promoter investors following the exercise of warrants. The allotment was made at ₹60 per warrant, with ₹45 per warrant paid as the remaining exercise price. The total amount raised through this allotment is ₹8,85,60,000. The largest allotments were made to Vineet Arora (7,51,650 shares) and NAV Capital VCC - NAV Capital Emerging Star Fund (6,26,600 shares). The newly allotted shares will have equal rights as existing equity shares, including dividend entitlements.

19Sept 25

Last Mile Enterprises Forms Joint Venture with Agribid for Agri-Tech Solutions

Last Mile Enterprises has formed a joint venture with Agribid Private Limited, creating a new subsidiary named AGRIMILE SOLUTIONS PRIVATE LIMITED. The venture aims to provide tech-enabled solutions and finance-integrated services in the agricultural sector. Last Mile Enterprises holds a 51% stake in the new entity, which has an authorized and paid-up capital of Rs 10.00 lakh. The joint venture focuses on enhancing transparency in the agricultural value chain, improving market access for farmers, and leveraging efficient logistics infrastructure.

08Sept 25

Last Mile Enterprises Sets September 23, 2025 as Record Date for Dividend, Announces AGM

Last Mile Enterprises Limited will hold its 30th AGM on September 30, 2025, via video conferencing. The company has set September 23, 2025, as the record date for dividend and e-voting. A final dividend of 2% on equity shares is recommended, subject to shareholder approval. The company reported significant growth in FY 2024-25, with consolidated revenue increasing to Rs. 38,515.83 lakhs and profit after tax rising to Rs. 1,795.43 lakhs. Last Mile Enterprises operates in Real Estate and Mobile Accessories segments, both showing substantial growth. The company also issued new equity shares and warrants, acquired a stake in Fair Lane Realty Limited, and sub-divided its equity shares.

15Aug 25

Last Mile Enterprises Reports Fund Utilization Delays Amid Warrant Conversion Uncertainty

Last Mile Enterprises reported full utilization of Rs. 234.35 crore received from a Rs. 280.32 crore preferential issue. Implementation delays observed in four out of seven objectives due to non-receipt of majority warrant funds. Current share price of Rs. 15.16 is significantly lower than warrant exercise price of Rs. 45, raising doubts about warrant conversion. Promoter shareholding decreased from 47.31% to 27.03% between March 2024 and June 2025. Company awaiting statutory warrant payment deadlines before concluding on objective completion and fund utilization.

11Aug 25

Last Mile Enterprises Reports Strong Q1 FY2026 Results, Appoints New Auditors

Last Mile Enterprises Limited held a board meeting on August 11, 2025, approving Q1 FY2026 financial results and making key decisions. The company reported consolidated revenue of Rs 124,030.90 lakh and net profit of Rs 683.11 lakh for Q1 FY2026. The Mobile Accessories and Gadgets segment was the major revenue driver. The board approved the appointment of M/S H S K & CO LLP as the new statutory auditor for five years, subject to shareholder approval. Preparations for the upcoming AGM were also approved.

02May 25

Last Mile Enterprises Launches AgriMile: A Game-Changing Agri-Tech Joint Venture

Last Mile Enterprises Limited (LME) has announced the launch of AgriMile, a strategic joint venture with AgriBid aimed at transforming India's agricultural sector. AgriMile is a comprehensive agri-tech platform offering real-time data-driven insights, climate-smart farming solutions, direct market linkages, agri-fintech integration, and knowledge dissemination services. The initiative aligns with LME's vision of sustainable development and has the potential to impact millions of farmers across India.