Allotment of 9,6 1,650 equity shares of face value Rs. 1/- each, fully paid up, to the non-promoters consequent to the exercise of 9,61,650 warrants held by them.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Last Mile Enterprises Ltd (formerly Trans Financial Resources Limited) has allotted 9,61,650 equity shares of face value Re. 1 each to three non-promoter allottees upon exercise of warrants held by them. The allottees are Nikhil Tyagi (7,51,650 shares), Venkat Mandalapu (1,26,500 shares), and Anjali Sangtani (83,500 shares). The shares were allotted at Rs. 60 per share, with the remaining 75% of the exercise price (Rs. 45 per warrant) paid in cash, bringing in a total of approximately Rs. 5.77 crore. The allotment was made on a 1:1 basis (one equity share for every warrant exercised) and the new shares will rank equally with existing equity shares. The decision was taken at a Board meeting held on October 30, 2025.
This is a routine warrant-to-equity conversion, resulting in a minor equity dilution of about 9.61 lakh shares. For existing shareholders, it is largely neutral but slightly dilutive; the company has received Rs. 5.77 crore in cash from the warrant holders, slightly strengthening its books.