Last Mile Enterprises Ltd — Important, 15-08-2025: Company Update

Last Mile Enterprises has received its monitoring report for fund utilization from a preferential issue of Rs. 280.32 crore for the quarter ended June. The company has utilized all funds received to date, totaling Rs. 234.35 crore, for various stated objectives, even supplementing with its own funds. However, Rs. 45.97 crore from warrants is yet to be received. This has led to delays in four key objectives, including investments in stressed assets and subsidiaries, and working capital. The monitoring agency noted the current share price is significantly below the warrant exercise price, raising uncertainty about future fund realization and project completion. Promoter shareholding has also decreased.