Last Mile Enterprises Faces Fund Shortfall as Warrant Holders Skip Conversion by Maturity
Published on: Feb. 14, 2026, 7:58 p.m. | Source: scanx.trade
Last Mile Enterprises Limited faced a 16% funding shortfall in its ₹280.32 crore preferential issue as warrant holders failed to exercise conversion options worth ₹45.92 crore by November 2025 maturity. Despite raising only ₹234.40 crore, the company fully utilized available funds and invested additional amounts from internal sources, completing three of seven objectives while experiencing delays in four others due to the funding gap.
