Annual Report for FY 2024-2025
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Milestone Furniture Limited has submitted its Annual Report for FY 2024-25 along with the notice of its 11th AGM, scheduled for 27th December 2025 via video conferencing. Key agenda items include adoption of financial statements, re-appointment of Whole Time Director Mr. Mayank Kotadia, regularization of new statutory auditor M/s. R Daga & Company, and appointment of Brajesh Gupta & Co. as Secretarial Auditor for a 5-year term. The notice also seeks shareholder approval for related party transactions up to Rs. 50 crore and an increase in the company's borrowing powers under Section 180(1)(c) up to Rs. 50 crore. Several governance changes have occurred in recent months, including the resignation of statutory auditor M/s. S. Aggarwal & Co. (effective 10.07.2025), resignation of Company Secretary Ms. Kanika Kabra (31.10.2025), appointment of new Company Secretary Mr. Abhishek Pokharna, and the addition of Mrs. Payal Vatsal Thakkar as Non-Executive Director alongside the resignation of Independent Director Mrs. Muskan Rana.
Shareholders should note the mid-year auditor change and the sizable Rs. 50 crore ceilings sought for both related party transactions and borrowing, which signal expansion plans or higher capital needs. Multiple board-level resignations and appointments in a short period also warrant attention to governance continuity before voting at the AGM.