Kindly find the enclosed the annual report for the year ended on 31st March,2025.
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Last Mile Enterprises Ltd (formerly Trans Financial Resources Ltd) submitted its Annual Report for FY 2024-25 along with the notice for its 30th AGM, scheduled for Tuesday, 30th September 2025 at 12:00 PM via video conferencing. The board has recommended a final dividend of 2% per equity share for FY 2024-25. The company is seeking shareholder approval to appoint M/s. H S K & Co LLP as the new statutory auditor for a five-year term (till FY 2029-30), replacing the existing auditor M/s. Prakash Tekwani & Associates. M/s. A. Shah & Associates is also proposed as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30. A special resolution seeks to raise the Section 186 borrowing/investment limit up to Rs. 500 crores. Director Mr. Dharmendra Naranbhai Gohil retires by rotation and is proposed for reappointment.
While this is a routine annual filing, shareholders should note the proposed change in statutory auditor and the significant increase in the Section 186 limit for loans, guarantees, and investments (up to Rs. 500 crores), which could substantially expand the company's financial flexibility but also its risk exposure.