Last Mile Enterprises Ltd Directors Report

To, The Members,

LAST MILE ENTERPRISES LIMITED

(Formerly Known as Trans Financial Resources Limited)

Your Directors have pleasure in presenting their 31 st Annual Report on the business and operations of the Company and the accounts for the Financial Year ended March 31, 2026.

1. FINANCIAL HIGHLIGHTS:

The summarized Consolidated and standalone Financial Performance of your Company for the Financial Year 2025-26 and the previous Financial Year 2024-25 is tabled below:

(Rs. in lakhs)

PARTICULARS	Standalone		Consolidated
	2025 - 26	2024 - 25	2025 - 26	2024 - 25
Revenue from Operations	1189.82	3021.18	259242.05	38665.83
Other income	946.47	1455.17	1096.27	1680.08
Total Income	2136.29	4476.35	260338.32	40345.91
Profit/loss before Depreciation, Finance Costs, Exceptional items and Tax Expense	1055.03	1550.24	2576.33	2635.04
Less: Depreciation	159.76	47.04	220.52	80.36
Profit/loss before Finance Costs, Exceptional items and Tax Expense	895.27	1503.2	2355.81	2554.68
Less: Finance Cost	56.36	104.10	335.52	245.11
Profit/loss before Exceptional items and Tax Expense	838.91	1399.10	2020.29	2309.57
Less: Exceptional Items	0	0	0	0
Profit / (Loss) Before Tax	838.91	1399.10	2020.29	2309.57
Provision for Tax & Deferred Tax	202.45	340.35	449.8	509.64
Profit / (Loss) After Tax	636.46	1058.76	1570.49	1799.93
Other Comprehensive income (net of tax effect)	0	0	0	0
Total Comprehensive income	636.46	1058.76	1570.49	1799.93

Further, the Audited Financial Statements for the Financial Year 2025-26, forming part of this Annual Report, have been prepared in accordance with the Schedule III and Indian Accounting Standards (Ind-AS) as notified by the Ministry of Corporate Affairs(MCA) and The Securities Exchange Board of India (SEBI) read with the provisions of Section 133 of the Companies Act, 2013 and Companies (Indian Accounting Standard) Rules, 2015.

2. BUSINESS PERFORMANCE:

STANDALONE:

During the current period, your company has total revenue of Rs. 2136.29 Lakhs as against Rs. 4476.35 Lakhs in the previous year. The Company has profit of Rs. 636.46 Lakhs as compared to the profit of Rs. 1058.76 Lakhs in the previous year. The company is expecting more revenue and sure to grow in terms of net profit in the upcoming years. The company will strive to improve its performance in long term prospects based on actual pace of global economy.

CONSOLIDATED:

During the current period, your company has total revenue of Rs. 40345.91 Lakhs as against Rs. 260338.32 Lakhs in the previous year. The Company has profit of Rs. 1570.49 Lakhs as compared to the profit of Rs. 1799.93 Lakhs in the previous year. The company is expecting more revenue and sure to grow in terms of net profit in the upcoming years. The company will strive to improve its performance in long term prospects based on actual pace of global economy.

3. STATE OF AFFAIRS OF THE COMPANY:

Last Mile Enterprises Limited (LMEL) continues to strengthen its reputation as a multisectoral leader, delivering progress across coatings, consumer electronics, and real estate. The fiscal year 2025 26 has been a period of purposeful expansion, global recognition, and forward-looking investments.

At the heart of our journey is a philosophy that combines sustainability with profitability. This belief drives each of our businesses, ensuring that the value we create is long-lasting, socially responsible, and beneficial to all stakeholders.

I. Group Outlook

With consolidated revenues, LMEL has once again demonstrated its resilience and growth. More importantly, our diversified presence across coatings, electronics, and real estate has laid a strong foundation for leadership in the years to come. Looking forward, we will continue to invest in sustainability, expand our reach into global markets, and innovate across every vertical. For our stakeholders, LMEL is not just a company it is a forward-moving enterprise that is building sustainable businesses, creating jobs, and delivering long-term value in every sphere we touch.

4. DIVIDEND:

The Board of Directors are pleased to recommend payment of Dividend at 2% on equity shares of Rs. 1/- each, amounting to Rs. 0.02 per share on post enhanced paid up equity capital of the company to those shareholders whose names appear on the Register of Member on Record date. With a view to share the profits of the company with its shareholders, directors feel that recommendation of dividend is a way of appreciation to them.

5. THE AMOUNTS, IF ANY, WHICH IT PROPOSES TO CARRY TO ANY RESERVES;

The company has not transferred any amount to reserves during the financial year 2025-26.

6. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Your Company is having dynamic, qualified, experienced, committed and versatile professionals in the Management of the Company. In pursuance to provisions of Section 203 of the Companies Act, 2013 ( the Act ) read with relevant Rules thereunder, the personnel of the Company who acted as Key Managerial Personnel during the year under review are as appended below:

Name of Key Managerial Personnel	Designation
Mr. HARISHKUMAR B RAJPUT	Managing Director
Mr. HARISHKUMAR B RAJPUT	Chief Financial Officer
Ms. NIDHI BANSAL	Company Secretary& Compliance Officer
*Mrs. BHARTI HASMUKHBHAI SHARMA	Independent Director
Mr. HEMRAJSINH VAGHELA	Non-Executive non-Independent Director
**Mr. AMIT GULATI	Independent Director
Mr. SURENDRASINH BAHADURSINH JHALA	Independent Director
Mr. BRIJENDRA MARKANDEY PANDEY	Non-Executive non-Independent Director
*** Mrs. SHOBHA BHARTI	Independent Director

In accordance with the provisions of Section 152(6) of the Companies Act, 2013 and in terms of the Memorandum and Articles of Association of the Company, Mr. BRIJENDRA MARKANDEY PANDEY, (DIN: 01807957), Director of the Company retires by rotation at this ensuing Annual General Meeting and has offered himself for reappointment.

During the financial year under review, Mr. Dharmendra Naranbhai Gohil (DIN: 10041074) resigned from the office of Director of the Company with effect from 30th December, 2025 . Consequent upon his resignation, he was relieved of all his duties and responsibilities as Director of the Company.

(*) Mrs. Bharti Hasmukhbhai Sharma, Non-Executive Independent Woman Director of the Company, has completed two consecutive terms as an Independent Director of the Company and, accordingly, shall cease to hold office as an Independent Director upon completion of her second term, with effect from 27th September, 2026.

(**) Mr. Amit Gulati has completed his first term of five years as a Non-Executive Independent Director of the Company and is proposed to be re-appointed for a second term of five consecutive years as an Independent Director, with effect from 27th September, 2026.

(***) Consequent to the vacancy arising due to completion of the tenure of Mrs. Bharti Hasmukhbhai Sharma as Non-Executive Independent Woman Director of the Company, Mrs. Shobha Bharti is proposed to be appointed as a Non-Executive Independent Woman Director of the Company, with effect from 14th August, 2026.

The Board of Directors of your Company are fully committed to steering the organization for long-term success through setting of strategies, delegating responsibilities and providing an overall direction to the business, while effectively managing risks and ensuring high quality of governance by keeping the Company on the path of Sustainable growth and development.

The details of size and composition of the Board is provided in Corporate Governance Report, which forms part of this Annual Report.

Further, all the Directors of the Company have confirmed that they are not disqualified from being appointed as Directors in terms of Section 164 of the Companies Act, 2013.

Also, pursuant to Schedule V of the(10)(i) of SEBI (LODR) Regulation, 2015; the Company has received a certificate from Practicing Company Secretary stating that the Directors of the Company are not debarred or disqualified by the SEBI / Ministry of Corporate Affairs or any such statutory authority.

During the year under review, the non-executive directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/Committee of the Company.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet with the criteria of independence as prescribed under subsection 6 of Section 149 of the Companies Act, 2013 and under Regulation 16 (b) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

7. MEETINGS:

During the Financial Year under review, the Board of Directors of the Company met for 10 (Ten) times for various agenda items of the Company, the same which were circulated well in advance to the Board. The details of the meetings are duly mentioned in the Corporate Governance Report, which forms part of this Annual Report. The following are the dates on which the Board Meetings and Committee Meeting held during the year under review:

Sr. No. Board Meeting	Audit Committee Meeting	Stakeholder Committee Meeting	NRC Committee Meeting	ID MEETING
1. 01.05.2025	16.05.2025	30.06.2025	30.12.2025	10.03.2026
2. 07.06.2025	07.06.2025	30.09.2025		-
3. 01.07.2025	11.08.2025	31.12.2025	-	-
4. 21.07.2025	15.08.2025	31.03.2026	-	-
5. 11.08.2025	14.11.2025	-	-	-
6. 28.10.2025	15.11.2025	-	-	-
7. 30.10.2025	14.02.2026	-	-	-
8. 14.11.2025	-	-	-	-
9. 30.12.2025	-	-	-	-
10. 14.02.2026	-	-	-	-

The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.The necessary quorum was present at the meetings.

8. BOARD DIVERSITY

The Company recognizes and embraces the importance of a diverse board in its success. The Company believes that a truly diverse board will leverage differences in thought perspective, knowledge, skill, regional and industry experience, cultural and geographical background, age, ethnicity, race and gender, which will help the Company to retain its competitive advantage. The Board has adopted the Board Diversity Policy which sets out the approach to diversity of the Board of Directors. The policy is available on our website at https://lastmileenterprisesltd.com/

9. COMMITTEES OF BOARD:

The company has several committees which have been established as a part of best corporate governance practices and are in compliance with the requirements of the relevant provisions of applicable laws and statues.

The Board has constituted following Committees.

Audit Committee

Nomination and Remuneration Committee Stakeholder s Relationship Committee Independent Director Committee

The details with respect to the compositions, powers, roles, terms of reference etc. of relevant committees are given in detail in the Report on Corporate Governance of the company which forms part of this Annual Report.

10. ANNUAL RETURN:

The Annual Return of the Company as on March 31, 2026 is available on the Company s website and can be accessed at (www.lastmileenterprisesltd.com).

11. STATUTORY AUDITORS & AUDIT REPORT:

The Company has appointed M/S. H S K & CO LLP., Chartered Accountants, (F.R.NO. 117014W/W100685) as Statutory Auditors of the company for the term of five consecutive financial year i.e. to hold the office till the conclusion of Annual General Meeting for the Financial year 2029-30 at such remuneration as may be mutually agreed between the Board of Directors of the Company and the Auditor. The Auditors comments on your company s accounts for year ended March 31, 2026 are self-explanatory in nature and do not require any explanation as per provisions of Section 134 (3) (f) of the Companies Act, 2013.

12. DISCLOSURE OF REPORTING OF FRAUD BY AUDITORS UNDER SECTION 143(12):

During the financial year 2025-26, the Statutory Auditor has not reported to the audit committee any instance of fraud committed against the Company by its employees or officers under section 143(12), the details of which need to be reported in Board s Report.

13.INTERNAL AUDIT AND FINANCIAL CONTROL:

The Company has appointed M/S BABUBHAI PATEL & ASSOCIATES (FRN: 100816W), CHARTERED ACCOUNTANTS, as an Internal Auditor of the Company. The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company s policies, safeguarding of its assets, prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparation of reliable financial disclosures. The reports of Internal Audit are reviewed by the Audit Committee of the Board.

14. COST RECORDS:

Pursuant to Section-148 (1) of the Companies Act, 2013 read with Rule 3 of Companies (Cost Records and Audit) Rules, 2014, Company does not fall under the criteria for maintaining cost record for the financial year 2025-26.

15. SECRETARIAL AUDIT:

Pursuant to Section 204 of the Companies Act, 2013, your company had appointed M/s. A. Shah & Associates, Practicing Company Secretaries, to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is enclosed as Annexure –I to the Board s Report. The Board of Directors of the Company has discussed the remarks as mentioned in Secretarial Audit Report at arm s length and also undertaken to take care of such qualification and to comply with the same in future.

As per the Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the listed entity has to disclose secretarial audit report for its material unlisted public company and hence here with find enclosed Secretarial Audit Report in Annexure II for Damson Technologies Private Limited .

16. NOMINATION AND REMUNERATION POLICY:

The Board has on the recommendation of Nomination and Remuneration / Compensation Committee framed a policy on directors appointment and remuneration of Directors including criteria for determining qualification, positive attributes, independence of directors and remuneration for Directors, Key Managerial Personnel and other employees. The policy is annexed to this report as Annexure III .

17. BOARD EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance, Board committees and individual directors pursuant to the provisions of the Companies Act, 2013 and the corporate governance requirements as prescribed by Securities and Exchange Board of India ( SEBI ) under Regulation 17 to 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015.

The performance of the Board was evaluated by the Board after seeking inputs from all the directors on the basis of the criteria such as the Board composition and structure, effectiveness of board processes, information and functioning, etc. The performance of the committees was evaluated by the board after seeking inputs from the committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc.

The Board and the Nomination and Remuneration Committee ( NRC ) reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the Board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In addition, the Chairman was also evaluated on the key aspects of his role.

In a separate meeting of independent Directors, performance of non-independent directors, performance of the board as a whole and performance of the Chairman was evaluated, taking into account the views of executive directors and non-executive directors. The same was discussed in the board meeting that followed the meeting of the independent Directors, at which the performance of the Board, its committees and individual directors was also discussed.

18. DEPOSITS:

Your company has not accepted any fixed deposits from the public within the provisions of Section 73 to 76 of the Companies Act, 2013. The company has not accepted inter corporate borrowings during the financial year 2025-26 which is exempted from the deposits. However, the outstanding unsecured loan as on 31 st March 2026 is Rs. 848.31(In Lakhs) Hence, the disclosures required as per Rule 8(5)(v) & (vi) of the Companies (Accounts) Rules, 2014, read with Section 73 to 76 of the Companies Act, 2013 are not applicable to your Company.

19. CORPORATE GOVERNANCE:

The Company believes that good Corporate Governance is a continuous process and it is our continuous endeavor to achieve good governance, by way of a conscious and conscientious effort whereby ensuring the truth, transparency, accountability and responsibility in all our dealings with all our stakeholders.

A separate section on Corporate Governance Standards followed by your Company, as stipulated under Regulation 34(3) read with Schedule V of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015 is enclosed as Annexure to this Report. The Report on Corporate Governance also contains certain disclosures required under Companies Act, 2013.

A certificate from M/S. A. SHAH & ASSOCIATES., Practicing Company Secretaries , conforming compliance to the conditions of Corporate Governance as stipulated under Regulations 17 to 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015, is annexed to this Report.

20. VIGIL MECHANISM:

In pursuant to the provisions of section 177(9) & (10) of the Companies Act, 2013, and Regulation 22 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, your Company believes in conducting business affairs in a fair and transparent manner to foster professionalism, honesty, integrity and ethical behavior via Vigil Mechanism/Whistle Blower Policy. Through this Policy, the Company seeks to provide a procedure for all the employees, Directors and other stakeholders of the Company to report concerns about unethical behavior, misconduct, violation of Company s Code of Conduct and implementation of improper practices taking place in the Company and provide for adequate safeguards in that regard and also provide for direct access to the Chairman of the Audit Committee, in exceptional cases The Vigil Mechanism Policy has been uploaded on the website of the Company at www.lastmileenterprisesltd.com under investors/others/Whistle blower Policy link.

21. CONSERVATION OF ENERGY, ABSORPTION OF TECHNOLOGY:

Pursuant to Sub-section 3(m) of the Section 134 of Companies Act, 2013, read with Rule 8(3) of the companies (Accounts) Rules, 2014. Every company is required to disclose about the steps taken for conservation of energy & Technology Absorption during the year in the board report of the company.

(a) Conservation of energy
(i) the steps taken or impact on conservation of energy	N. A
(ii) the steps taken by the company for utilizing alternate sources of energy	N. A
(iii) the capital investment on energy conservation equipment \u2019 s	N. A
( b) Technology absorption
(i) the efforts made towards technology absorption	N. A
(ii) the benefits derived like product improvement, cost reduction, product development or import substitution	N. A
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-	N. A
(a) the details of technology imported	N. A
(b) the year of import;	N. A
(c) whether the technology been fully absorbed	N. A
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof	N. A
(iv) the expenditure incurred on Research and Development	N.A.

22. FOREIGN EXCHANGE EARNINGS / OUTGO:

Particulars regarding the foreign exchange earnings and outgo during the year 2025-26 is as Annexed hereto as ANNEXURE VII.

23. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All Related Party Transactions those were entered during the financial year were in ordinary course of the business of the company and were on arm s length basis. There were no materially significant related party transactions entered by the Company with Promoters, Directors, Key Managerial Personnel or other persons which may have a potential conflict with the interest of the company. All such Related Party Transactions have been placed before the Audit Committee for approval. The policy on materiality of Related Party Transactions and also on dealing with Related Party Transactions as approved by the Audit Committee and the Board of Directors is has been uploaded on the website of the Company at www.lastmileenterprisesltd.com under investors/policy documents/Related Party Transaction Policy.

The particulars of every contract or arrangements entered into by the Company with related parties referred to the sub-section (1) of section 188 of the Companies Act, 2013, are disclosed in Form No. AOC-2 Annexure: IV the same forms part of this report, pursuant to Section 134 (3) (h) of the Act read with rule 8(2) of the Companies (Accounts) Rules, 2014.

24. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

During the year under review there were loans, guarantees or investments under section 186 made by the company. Hence , in terms of provisions of Section 134(3)(g) of the Companies Act 2013, the Particulars of Loans, Guarantees or Investments under Section 186, is annexed hereto as Annexure: V and forms part of this Report.

25. PARTICULARS OF EMPLOYEES REMUNERATION:

A. The ratio of the remuneration of each director to the median employee s remuneration and other details in terms of sub-section 12 of Section 197, of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are forming part of this report as Annexure VI to the Directors Report.

B. The statement containing particulars of employees as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not provided as no employees is paid remuneration of Rs. 8.5 Lac Per month if employed for part of the year and Rs. 1.02 Cr. Per Annum if employed for the whole year.

26. HUMAN RESOURCES

Your Company treats its Human Resources as one of its most significant assets. The Company continues its focus on retention through employee engagement initiatives and provides a holistic environment where employees get opportunities to realize their potential. A number of programs that provide focused people attention are currently underway. Your Company thrust is on the promotion of talent internally through job rotation and job enlargement. The Company s Health and Safety Policy commits to provide a healthy and safe work environment to all employees.

27. CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Corporate Social Responsibility Committee (CSR Committee) has formulated and recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) indicating the activities to be undertaken by the company which has been approved by the Board.

The CSR Policy can be accessed from the investors section on the company s website at the link https://lastmileenterprisesltd.com/ .

The company is pleased to inform the members that an amount of Rs. 15,00,000 towards its CSR obligation for 2025-26 has been spent which is over and above the requirement as specified by the Government and it is committed to further spend appropriate amount towards its obligation of the current financial year during 2025-26 as well. The Report on CSR activity is annexed as Annexure VII.

28. SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

Pursuant to Section 22 of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 the company has setup the Internal complaints committee and the said committee has framed the policy Prevention of Sexual Harassment on prevention, prohibition and Redressal of complaints related to sexual harassment of women at the workplace. All women employees whether permanent, temporary or contractual are covered under the above policy. Disclosure of complaints during the year:

(a) Number complaints of sexual harassment received in the year: Nil

(b) Number of complaints disposed off during the year: Nil

(c) Number of cases pending for more than ninety days: Nil However, during the year no complaints were received by the Internal Complaints committee for sexual harassment from any of the women employees of the company.

29. MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT ACT 1961:

The Company declares that it has duly complied with the provisions of the Maternity Benefit Act, 1961. All eligible women employees have been extended the statutory benefits prescribed under the Act, including paid maternity leave, continuity of salary and service during the leave period, and post-maternity support such as nursing breaks and flexible return-to-work options, as applicable. The Company remains committed to fostering an inclusive and supportive work environment that upholds the rights and welfare of its women employees in accordance with applicable laws.

30. CHANGE IN NATURE OF THE BUSINESS:

There has been no change in the nature of business of the company during the year under review.

31. MANAGEMENT DISCUSSION AND ANALYSIS:

As per corporate governance norms, a separate section on Management Discussion and Analysis outlining the business of the Company is set out in Annexure forming part of this Report.

32. SIGNIFICANT OR MATERIAL EVENTS OCCURRED DURING THE YEAR:

During the year following Material Events took place which is as follows:

13,39,000 warrants allotted on 22 nd January, 2024 has been converted into Shares on 01 st July, 2025 . The Listing approval was granted on 28 th October, 2025 and trading approval for the same was granted on 18 th November, 2025.

13,00,000 warrants allotted on 22 nd January,2024 has converted into Shares on 21 st July, 2025 . The Listing approval was granted on 28 th October, 2025 and trading approval for the same was granted on 18 th November, 2025.

14,76,000 warrants allotted on 29 th April, 2025 has converted into Shares on 28 th October, 2025 . The Listing approval was granted on 18 th December, 2025 and trading approval for the same was granted on 05 th January, 2026.

9,61,650 warrants allotted on 4 th May, 2025 has been converted into Shares on 30 th October, 2025 . The Listing approval was granted on 18 th December, 2025 and trading approval for the same was granted on 05 th January, 2026.

During the year the company has also subscribed 51% share in the Agrimile Solutions Private Limited on 16 th September, 2025.

During the year the company has also subscribed 51% share in the Last Mile Energy Private Limited on 24 th February, 2026.

33. SIGNIFICANT OR MATERIAL ORDERS AGAINST COMPANY:

No significant and material orders were passed by the regulators or courts or tribunals impacting the going concern status and Company s operation in future.

34. RISK MANAGEMENT

Your Company has developed and implemented a Risk Management Policy which includes identification of elements of risk, if any, which in the opinion of the Board, may threaten the existence of the Company. Your Company has a risk identification and management framework appropriate to the size of your Company and the environment under which it operates. The process involves identifying both external and internal risks and the readiness to respond to extreme risks like calamities and disasters. Risks are being continuously identified in relation to business strategy, business continuity/contingency plans, operations and transactions, statutory / legal compliance, financial reporting, information technology system, cyber security and overall internal control framework.

35. DETAILS OF SUBSIDIARY JOINT VENTURE AND ASSOCIATES COMPANY:

The company has two subsidiary companies as mentioned below and all the other details as per attached in AOC-1.

i. Damson Technologies Private Limited

ii. Fair Lane Realty Limited

iii. Last Mile Strategies Private Limited

iv. Last Mile Energy Private Limited

v. Agrimile Solutions Private Limited

36. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to requirement under 134(3)(c) and Section 134(5) of the Companies Act, 2013 (Act), Directors, confirm that:

(a) in the preparation of the annual accounts for the year ended on 31 st March, 2025, the applicable accounting standards read with requirement set out under Schedule III to the Act, have been followed and there are no material departures from the same;

(b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at March 31, 2025 and of the profit of the company for the year ended on that date;

(c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) the Directors had prepared the annual accounts on a going concern basis;

(e) the Directors, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and are operating effectively and

(f) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

37. ACKNOWLEDGEMENT:

Your Directors wish to place on record their gratitude and sincere appreciation for the assistance and co-operation received from the financial institutions, banks, Government authorities, customers, vendors and members during the year under review.

Your Directors would like to express a profound sense of appreciation for the commitment shown by the employees in supporting the Company in its continued robust performance on all fronts.

Place: AHMEDABAD	BY ORDER OF THE BOARD OF DIRECTORS,
Date: 14/08/2026	FOR, LAST MILE ENTERPRISES LIMITED
	(Formerly Known as Trans Financial Resources Limited)
	Sd/ -
	MR. HEMRAJSINH VAGHELA
	DIRECTOR
	(DIN - 00287055)