Last Mile Enterprises Ltd — Important, 15-11-2025: Company Update

Last Mile Enterprises Limited has received its Monitoring Agency Report on preferential issue fund utilization. The report confirms no deviation from the stated objects for the Rs. 280.32 Crore issue. However, there is a delay in achieving four out of seven objectives. This is mainly because the current share price of Rs. 13 is significantly below the Rs. 45 warrant exercise price, hindering warrant conversions and thus delaying full fund availability. While Rs. 234.35 Crore of the raised funds are fully utilized, Rs. 45.97 Crore is pending from warrant conversions. Promoter shareholding has also decreased from 47.31% to 25.33%.