Last Mile Enterprises FY26 Results and AGM Update

Consolidated Revenue: Rs 2,592.42 crore; Consolidated PAT: Rs 15.70 crore.

Reader Takeaway: Strong consolidated revenue growth is tempered by notable regulatory filing delays and committee composition compliance lapses.

What just happened

Last Mile Enterprises Limited has scheduled its 31st Annual General Meeting for September 30, 2026. The board has recommended a dividend of 2%, amounting to Rs 0.02 per share, with a record date set for September 23, 2026. Additionally, the company appointed Mrs. Shobha Bharti as an Independent Director and re-appointed Mr. Amit Gulati to the board.

Why this matters

The company’s consolidated operations demonstrate a robust scale with revenues of Rs 2,592.42 crore. However, the filing includes disclosures regarding administrative and governance gaps. The company experienced delays in filing key statutory e-forms, including MGT-14 and ADT-1. Furthermore, there was a period during the fiscal year where the Audit and Nomination and Remuneration Committees did not meet mandatory independent director composition requirements.

Governance and Appointments

In terms of leadership, Mr. Amit Gulati and Mrs. Shobha Bharti have been appointed as Non-Executive Independent Directors for five-year terms. M/s. H S K & CO LLP has been appointed as the new statutory auditor for a five-year tenure. The company states it is taking corrective measures to prevent future filing delays and ensure board committees remain fully compliant with regulatory standards.

Context metrics

• Consolidated Revenue: Rs 2,592.42 crore
• Standalone Revenue: Rs 11.90 crore
• Consolidated PAT: Rs 15.70 crore
• Standalone PAT: Rs 6.36 crore

What to track next

Investors should monitor the company's next few quarters to see if the administrative processes have been streamlined to avoid further regulatory scrutiny regarding filing timelines and board committee composition.