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.