Last Mile Enterprises Limited has reported a significant funding shortfall in its preferential issue program, with warrant holders failing to exercise conversion options worth ?45.92 crore by the November 2025 maturity deadline. The development has created implementation delays across multiple business objectives, according to the latest monitoring agency report. Fund Utilization Overview CARE Ratings Limited, serving as the monitoring agency, reported that the company achieved only partial success in its ?280.32 crore preferential issue program for the quarter ended December 31, 2025. The actual funds raised totaled ?234.40 crore, representing a 16% shortfall from the originally planned amount. Parameter: Amount…