Milestone Furniture Board Approves Financials, Director Appointments
Milestone Furniture Limited's Board of Directors met on October 23, 2026, to approve financial statements and take note of several key decisions. The board acknowledged conversion notices for ₹5.74 Crore of Optionally Convertible Debentures (OCDs) into equity shares, deferring formal allotment pending stock exchange approval due to an inadvertent procedural omission. Negotiations for the acquisition of UMT Infra Projects Private Limited were terminated due to unresolved commercial terms. The board accepted the resignation of Mr. Abhishek Pokharna as Company Secretary and Compliance Officer and appointed Ms. Navjeet Kaur as Scrutinizer for the upcoming Annual General Meeting. Additionally, the board granted in-principle approval for a proposed equity share capital structure.
Key Highlights
- Board approved financial statements and director appointments.
- OCD conversion notices for ₹5.74 Crore noted; allotment pending approval.
- Acquisition of UMT Infra Projects terminated due to commercial terms.
- Company Secretary resigned; new Scrutinizer appointed for AGM.
- In-principle approval for proposed equity share capital structure.
Price Impact
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