Auditor29 Sept 2026, 02:25 pm
Milestone Furniture Ltd: Auditor Resigns, New Firm Appointed
AI Summary
Milestone Furniture Limited announced in a board meeting that M/s. R. Daga & Company has resigned as Statutory Auditors effective July 28, 2026. The board has appointed M/s. Gupta Rajesh & Associates to fill the casual vacancy until the conclusion of the next Annual General Meeting, subject to shareholder approval. The company also deferred share allotment pending regulatory approval for OCD conversion and approved an increase in authorized share capital. Additionally, an extension for the FY 2025-26 AGM is being sought, and a previous decision to open a branch office was rescinded. The board also approved the 'Milestone Furniture Limited - Employee Stock Option Scheme 2026'.
Key Highlights
- Statutory auditor M/s. R. Daga & Company resigned effective July 28, 2026.
- M/s. Gupta Rajesh & Associates appointed as new statutory auditors.
- Share allotment deferred pending regulatory approval for OCD conversion.
- Authorized share capital increased, AGM extension sought.
- Employee Stock Option Scheme 2026 approved.
Price Impact
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