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Awaiting price reaction for this filing.
The Board of Milestone Furniture met on 28 January 2026 and gave in-principle approval to explore raising funds through preferential issue of equity shares and/or warrants, private placement, or any other permissible mode. Specifics such as the number of securities, issue price, and total amount to be raised will be decided in a later board meeting, subject to shareholder and regulatory approvals. The Board also approved the appointment of a Registered Valuer to help determine the issue price and advise on the mode of issuance. Additionally, the Board discussed a proposed acquisition of equity shares in U M T Infra Projects Private Limited from its existing shareholders, though it is still in the evaluation, due diligence, and valuation stage with no indicative price yet. The Board may also increase the company's authorised share capital if needed to facilitate the fund raise. The trading window for insiders remains closed until 48 hours after this outcome is disclosed.
The potential preferential fund raise could lead to dilution of existing shareholders once finalised, while the proposed acquisition of U M T Infra Projects is still at a preliminary stage with no confirmed price or structure, so neither move is likely to move the stock meaningfully until concrete details are announced.