Please find enclosed herewith with the statement of NIL deviation or variation for the quarter ended on 30th September,2025
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Awaiting price reaction for this filing.
Last Mile Enterprises Ltd has filed a SEBI Regulation 32 statement confirming there is NIL deviation or variation in the use of proceeds from its three preferential issues for the quarter ended 30 September 2025. The three preferential issues together raised a total of about Rs. 354.06 crore — Rs. 43.59 crore (Issue 1, raised Apr 2023–Oct 2024), Rs. 75.10 crore (Issue 2, raised Jan 2024–Jul 2025), and Rs. 235.37 crore (Issue 3, raised Apr–May 2024). All three issues were raised through a mix of equity shares and convertible warrants, and funds are being used for stated purposes including expansion plans, working capital needs, acquisitions/strategic investments, and general corporate purposes. For Issue 3, CARE Ratings Limited is the monitoring agency. Audit Committee and auditors have no comments. The statement was signed by Director & Chairperson Mr. Hemrajsinh Surendrasinh Vaghela on 14 November 2025.
This is a routine compliance filing and is largely neutral for shareholders. It confirms that money raised from preferential investors is being used as originally promised, with no diversion — a positive signal on governance and fund management, but not a price-moving event on its own.