Last Mile Enterprises allots shares following warrant exercise

Last Mile Enterprises Limited, formerly Trans Financial Resources Limited, held a board of directors meeting on October 30, 2025, to approve the allotment of 961,650 equity shares. These shares, with a face value of ₹1/- each and fully paid up, were issued to non-promoters following the exercise of an equivalent number of warrants. The total amount received from this allotment was ₹57,699,000.

The allotment was made to three individuals: Nikhil Tyagi (751,650 shares), Venkat Mandalapu (126,500 shares), and Anjali Sangtani (83,500 shares). The shares were issued for cash, upon receipt of the remaining exercise price of ₹45 per warrant, which represents 75% of the total warrant exercise price of ₹60 per warrant.

These newly allotted equity shares will rank pari passu with existing equity shares in all respects, including dividend entitlement. The issuance aligns with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, and related SEBI circulars.