Description
24,37,650 equity shares of Last Mile Enterprises Limited issued on preferential basis pursuant to warrant conversion listed with effect from January 5, 2026.
Summary
BSE has approved the listing of 24,37,650 equity shares of Last Mile Enterprises Limited (Scrip Code: 526961) issued to non-promoters on preferential basis pursuant to conversion of warrants. Trading will commence from Monday, January 5, 2026. The shares are subject to lock-in until July 15, 2026.
Key Points
- 24,37,650 equity shares of Rs. 1/- each issued at premium of Rs. 59/- (total issue price Rs. 60/-)
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Allotment done in two tranches: 14,76,000 shares on October 28, 2025 and 9,61,650 shares on October 30, 2025
- Distinguished Numbers: 353331351 to 355769000
- ISIN: INE404B01022
- Shares rank pari-passu with existing equity shares
- All shares subject to lock-in until July 15, 2026
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed to note the listing of these new securities
- Market participants should be aware of the lock-in restrictions on these shares until July 15, 2026
Important Dates
- Allotment Date (Tranche 1): October 28, 2025 (14,76,000 shares)
- Allotment Date (Tranche 2): October 30, 2025 (9,61,650 shares)
- Trading Commencement: January 5, 2026
- Lock-in Expiry: July 15, 2026
- Circular Date: January 2, 2026
Impact Assessment
This is a routine listing announcement with limited market impact. The addition of 24,37,650 shares increases the equity base of Last Mile Enterprises Limited. The lock-in period until July 15, 2026 prevents immediate selling pressure. This is a company-specific event with no broader market implications or impact on trading operations.
Impact Justification
Routine listing of preferential allotment shares for a single company with no market-wide implications