As per attached outcome dated 16.12.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.4 pts less than its Consumer Durables peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Milestone Furniture's board approved its unaudited standalone financial results for the half year ended 30 September 2025. The company reported zero revenue from operations, with total expenses of ₹17.05 lakhs leading to a net loss of ₹17.05 lakhs (EPS of ₹(0.18)). This marks the fifth consecutive period of losses, though the loss narrowed compared to H1 FY25's ₹20.82 lakh loss. The balance sheet shows total assets of ₹2,501 lakhs, equity of ₹2,430 lakhs, but cash and equivalents are only ₹2.78 lakhs. The company also approved opening a new branch office in Khar West, Mumbai. The statutory auditor disclaimed any conclusion on the results, citing an inability to obtain sufficient evidence due to a stand-off between new and previous management.
Highly negative signal for shareholders - zero revenue, persistent losses, extremely thin cash reserves, and a disclaimed auditor's review raise serious going-concern doubts. The management dispute flagged by the auditor adds further risk, though the loss is narrowing and the company remains solvent on paper with low debt.