Description

24,37,650 equity shares of LAST MILE ENTERPRISES LIMITED listed on BSE effective January 5, 2026, issued on preferential basis pursuant to warrant conversion.

Summary

BSE has approved the listing of 24,37,650 equity shares of Rs. 1/- each of LAST MILE ENTERPRISES LIMITED (Scrip Code: 526961), issued at a premium of Rs. 59/- to non-promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading from Monday, January 5, 2026, and rank pari-passu with existing equity shares.

Key Points

  • Total shares listed: 24,37,650 equity shares of Rs. 1/- each
  • Issue price: Rs. 60/- per share (Rs. 1/- face value + Rs. 59/- premium)
  • Allotted to non-promoters on preferential basis pursuant to warrant conversion
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE404B01022
  • Scrip Code: 526961
  • All shares subject to lock-in until July 15, 2026

Regulatory Changes

No regulatory changes. This is a standard listing notification following SEBI guidelines for preferential allotment and warrant conversion.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • Allottees must comply with lock-in provisions until July 15, 2026
  • All 24,37,650 shares (Distinctive Numbers 353331351-355769000) are locked-in

Important Dates

  • January 2, 2026: Notice date
  • October 28, 2025: First allotment of 14,76,000 shares (Dist. Nos. 353331351-354807350)
  • October 30, 2025: Second allotment of 9,61,650 shares (Dist. Nos. 354807351-355769000)
  • January 5, 2026: Trading commencement date
  • July 15, 2026: Lock-in expiry date

Impact Assessment

Limited market impact. This is a company-specific listing of preferential shares representing capital raised through warrant conversion. The lock-in period until July 15, 2026, means these shares cannot be traded freely for over six months, minimizing immediate dilution impact. Existing shareholders should note the capital structure change and potential future supply when lock-in expires.

Impact Justification

Routine listing of preferential shares for a single company with lock-in provisions; limited market-wide impact