With regard to captioned subject, we would like to inform you that Board meeting of the Company was held today on 14TH FEBRUARY, 2026 at the Registered Office of the Company wherein following ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Last Mile Enterprises Ltd held a board meeting on 14 February 2026 and approved several key items. First, it cleared the standalone and consolidated unaudited financial results for Q3 FY26 (quarter ended 31 December 2025) along with the limited review report. Second, the board approved setting up a new subsidiary called Last Mile Energy Private Limited, in which it will hold a 76% stake, to design, manufacture and sell hydrogen-based products for household and commercial use. Third, the board approved a housing loan scheme for eligible senior employees and KMPs (including two named KMPs), with an aggregate borrowing limit of up to Rs. 8 crore from banks/NBFCs, which constitutes a related party transaction of 2.07% of consolidated turnover and requires shareholder approval. Fourth, the board approved in-principle a joint venture in the USA with Mangalam LLC for consumer electronics (mobile accessories, speakers, chargers, etc.), where Last Mile will hold a 51% stake. A postal ballot notice was also authorised to seek shareholder approvals.
This is a transformative filing for a small-cap company, signalling a sharp pivot from its legacy financial services business into clean energy (hydrogen) and US consumer electronics distribution. While the diversification could create long-term growth optionality, it also raises execution and governance risks — the company is entering unfamiliar sectors, the hydrogen subsidiary is being set up with minimal initial capital (Rs. 1 lakh), and shareholder approval via postal ballot will be a key checkpoint to watch.