Please find enclosed herewith statement of NIL deviation or variation for the quarter ended on 31st December 2025
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Awaiting price reaction for this filing.
Last Mile Enterprises Ltd (formerly Trans Financial Resources Ltd) has filed a NIL deviation statement for the quarter ended 31 December 2025, confirming that proceeds from three preferential issues were used only for the originally stated purposes. Preferential Issue 1 (raised in tranches between April 2023 and October 2024) totalled about Rs. 43.59 crore from equity shares and convertible warrants. Preferential Issue 2 (raised between January 2024 and December 2024) totalled about Rs. 75.10 crore. Preferential Issue 3, the largest at Rs. 235.37 crore, was raised in April–May 2024 and is monitored by CARE Ratings. All three issues report nil deviation, nil audit committee comments, and nil auditor comments. Stated objects include expansion, working capital, NBFC investments, acquisitions/strategic investments, and general corporate purposes.
This is a routine SEBI compliance filing under Regulation 32, not a corporate action. It carries no negative signal for shareholders — it simply confirms the funds raised from preferential allottees were used as promised, which is mildly reassuring for governance.