Milestone Furniture Ltd. Announces Fund Raising Plan, Proposed Acquisition, and Consideration for Increase in Authorised Share Capital

Milestone Furniture Limited, in its recent Board Meeting held on 28th January 2026, discussed and approved several key matters. The Board considered raising funds through issuance of securities by preferential issue of equity shares and/or warrants, private placement, or any other permissible mode, subject to applicable laws and regulations. The company has also proposed the acquisition of equity shares of U M T Infra Projects Private Limited from its existing shareholders, and discussed the possibility of increasing the authorised share capital if required. The Board has authorized Mr. Mayank Rasiklal Kotadia, Whole-Time Director, to undertake necessary actions for the proposed acquisition.