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Awaiting price reaction for this filing.
Milestone Furniture Ltd informed BSE that its previous statutory auditor, M/s. S. Agrawal & Co. (FRN: 000808N), resigned effective 10th July 2025. To fill the resulting casual vacancy, the Board has approved and recommended the appointment of M/s. R Daga & Company, Chartered Accountants (FRN: 328421E), as the new Statutory Auditors, subject to shareholder approval at an upcoming Extraordinary General Meeting. The new auditors will hold office until the conclusion of the 11th Annual General Meeting. The company clarified that the outgoing auditors did not raise any concerns, and no specific reason other than what was mentioned in their resignation letter was provided. The Board also approved the EOGM notice and appointed a scrutinizer for the poll process.
This is a routine auditor change with no reported concerns from the outgoing auditor, so it is unlikely to materially affect the stock price. Shareholders will need to approve the new auditor appointment at the upcoming EOGM.