Please find the attached Notice of Postal Ballot.
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Last Mile Enterprises Ltd (formerly Trans Financial Resources Ltd, BSE Scrip: 526961) has issued a postal ballot notice seeking shareholder approval on two special resolutions. The first resolution seeks to raise the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013, to a maximum of Rs. 500 crore outstanding at any time, superseding all earlier borrowing limit approvals. The second resolution seeks approval and adoption of the Employee Housing-Loan Scheme 2026 under Section 185, enabling the company to provide loans, guarantees, or security for housing loans to eligible senior employees and Key Managerial Personnel, including the Managing Director and Whole-Time Directors. E-voting (via NSDL) and physical ballot voting will run from February 24, 2026 (9:00 a.m.) to March 25, 2026 (5:00 p.m.), with results to be announced by March 27, 2026. The cut-off date for determining eligible voters is February 20, 2026.
For shareholders, approval of Resolution 1 gives the board much larger financial flexibility (Rs. 500 crore debt headroom) to fund expansion, capex, and working capital, but also raises the company's leverage potential. Resolution 2 is an employee welfare/retention initiative with limited direct financial impact on shareholders, though it allows loans or guarantees to directors acting as employees, which warrants close scrutiny.