Milestone Furniture Ltd

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.

Milestone Furniture Limited's Board of Directors met on October 23, 2026. The board took note of conversion notices for Unlisted Secured Optionally Convertible Debentures (OCDs) aggregating ₹5,74,60,000 (₹5.75 Crore) into equity shares. They also resolved to seek post-facto in-principle approval from the stock exchange due to an inadvertent omission in obtaining prior approval. The board terminated negotiations for the proposed acquisition of equity shares in UMT Infra Projects Private Limited due to a failure to agree on commercial terms. Additionally, the resignation of Mr. Abhishek Pokharna as Company Secretary & Compliance Officer was accepted, and Ms. Navjeet Kaur was appointed as Scrutinizer for the upcoming 12th Annual General Meeting.

Milestone Furniture Limited will hold a Board Meeting on October 23, 2026, to consider several key agenda items. These include taking note of conversion notices for Unlisted Secured OCDs aggregating to ₹5,74,60,000/-, and authorizing an in-principle approval application to the Stock Exchanges. The board will also consider terminating negotiations for the proposed acquisition of UMT Infra Projects Private Limited. Additionally, the resignation of the Company Secretary and Compliance Officer will be noted. The meeting will also address the appointment of a Scrutinizer for the upcoming AGM, proposed equity share capital structure, regularization and appointment of two Non-Executive Independent Directors, and the appointment of Statutory and Secretarial Auditors for a five-year term. The audited financial statements for FY 2025-26 will also be considered and approved. The trading window remains closed until 48 hours after the outcome is made public.

Milestone Furniture Ltd has received an extension of 1 month and 15 days from the Registrar of Companies, Maharashtra, Mumbai, to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company had applied for this extension on September 18, 2026, citing reasons that prevented timely convening of the AGM. Consequently, Milestone Furniture is now permitted to hold its AGM on or before November 14, 2026. The specific date, time, venue, book closure, and record date details will be communicated separately.

Milestone Furniture Limited announced the appointment of M/s. Gupta Rajesh & Associates as Statutory Auditors to fill a casual vacancy. This follows the resignation of M/s. R. Daga & Company. The board also approved an increase in authorized share capital from ₹10 Crores to ₹60 Crores, subject to shareholder approval. Additionally, the company deferred share allotment for OCD conversion pending stock exchange approval and approved the 'Milestone Furniture Limited - Employee Stock Option Scheme 2026'. An application will be made to extend the AGM for FY 2025-26.

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'.

Milestone Furniture Limited's Board of Directors met on September 17, 2026, approving several key corporate actions. The board acknowledged conversion notices for Unlisted Secured Optionally Convertible Debentures (OCDs) totaling ₹5,74,60,000, deferring allotment pending stock exchange approval. Authorised share capital is proposed to increase from ₹10 Crores to ₹60 Crores, subject to shareholder consent. The company also accepted the resignation of its statutory auditor, M/s. R. Daga & Company, and appointed M/s. Gupta Rajesh & Associates to fill the casual vacancy. Additionally, the board approved an application for an extension to convene the AGM for FY 2025-26 and rescinded a prior resolution regarding opening a branch office in Khar West, Mumbai. The 'Milestone Furniture Limited - Employee Stock Option Scheme 2026' (ESOP 2026) was also approved, pending shareholder approval.

Milestone Furniture Limited announced that its Board of Directors accepted the resignations of Ms. Payal Vatsal Thakkar and Mr. Mayank Rasiklal Kotadia. Ms. Thakkar resigned as Director effective August 19, 2026, and Mr. Kotadia resigned as Whole-Time Director and KMP effective August 21, 2026. Both cited personal reasons for their departures. The board meeting where these resignations were noted took place on August 26, 2026.

Milestone Furniture Limited announced the appointment of Mr. Akash Chugh as an Additional Director (Non-Executive & Independent) and Ms. Vaishali Balasaheb Jagtap as an Additional Director (Executive). Both appointments are for a term of 5 consecutive years, effective from August 18, 2026, and are subject to shareholder approval. The board meeting where these decisions were made commenced at 3:00 P.M. IST and concluded at 4:25 P.M. IST.

Milestone Furniture Limited announced that Mrs. Payal Vatsal Thakkar, a Non-Executive, Non-Independent Director, has resigned from her position due to personal reasons, effective August 19, 2026. The Board of Directors accepted her resignation and expressed appreciation for her contributions. The resignation was noted during a Board meeting held on August 26, 2026.