Last Mile Enterprises to venture into hydrogen-based products, explore Joint Venture in US

Last Mile Enterprises Ltd held a Board meeting on 14th February, 2026, where they approved several key decisions. The company approved the standalone and consolidated unaudited Financial Results for the quarter ended on 31st December, 2025. The Board also approved venturing into the business of designing, manufacturing and commercializing hydrogen-based products for household and commercial use through its subsidiary entity 'Last Mile Energy Private Limited'. The company will subscribe to 76% of the paid-up share capital. Furthermore, the Board approved, in principle, to explore a potential Joint Venture in the United States of America with Mangalam LLC for the manufacturing, distribution, and marketing of consumer electronics products. The company is expected to hold a minimum 51% stake in the proposed Joint Venture. The Board also approved the appointment of M/s. A. Shah & Associates as a Scrutinizer for the Postal Ballot and E-voting.