We hereby inform you that the Ministry of Corporate Affairs has on 16th September,2025 issued the certificate of incorporation for M/S Agrimile Solutions Private Limited a subsidiary of ....
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Last Mile Enterprises has incorporated a new subsidiary, Agrimile Solutions Private Limited, on 16 September 2025. It is set up as a joint venture with Agribid Private Limited, where Last Mile holds a 51% stake and Agribid holds 49%. The new entity will offer tech-enabled, finance-integrated solutions for sourcing, storing, and distributing agricultural commodities, aiming to improve transparency, traceability, and farmer price realization by cutting out intermediaries. Last Mile invested ₹5,10,000 for 51,000 equity shares of ₹10 each against a total paid-up capital of ₹10 lakh. The deal was done entirely in cash with no additional regulatory approvals required.
This move diversifies Last Mile into the agri-tech and agri-logistics space, which could create new growth avenues but adds execution risk as it is outside the company's existing business lines. For now, the financial outlay is small (around ₹5 lakh), so the near-term impact on shareholders is limited.