Please find enclosed herewith the statement of NIL deviation(s) or variation(s) for the quarter ended on 30th June,2025
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Last Mile Enterprises Ltd (formerly Trans Financial Resources Ltd) has filed a NIL deviation statement with BSE for the quarter ended 30 June 2025, confirming that funds raised through three preferential issues were used strictly for their original stated purposes. Preferential Issue 1 raised Rs. 43.59 crore (April 2023 to October 2024) for expansion, working capital and general corporate needs, with Rs. 15.52 crore fully utilised and Rs. 70,000 still unutilised as of June 2025. Preferential Issue 2 raised Rs. 75.10 crore (January 2024 to December 2024) for similar objects, with Rs. 30,000 remaining unutilised. Preferential Issue 3, the largest at Rs. 235.37 crore (April–May 2024), is monitored by CARE Ratings Limited and was fully utilised during the quarter for long-term working capital, NBFC investments, subsidiary funding, acquisitions and general corporate purposes. The Audit Committee and auditors had no comments on any deviation.
This is a routine compliance filing and largely neutral for shareholders — it confirms the company has not misused any of the roughly Rs. 354 crore raised via preferential issues, which supports governance credibility. Investors may note that nearly all funds are deployed, though minor unutilised balances (under Rs. 1 lakh across issues) remain pending application.