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Awaiting price reaction for this filing.
Milestone Furniture's board approved unaudited standalone financial results for the half year ended 30 September 2025. The company reported zero revenue from operations and a net loss of Rs. 17.05 lakhs for H1 FY26, against a Rs. 48.37 lakhs loss for the full FY25. The statutory auditor, R Daga and Company, declined to express any review conclusion on the results, stating they could not obtain sufficient evidence due to a standoff with the previous management regarding assets, liabilities, and the company's financial position. The board also approved opening a new branch office in Khar West, Mumbai, and confirmed the company is exempt from related party transaction disclosures as its paid-up capital and net worth fall below SEBI thresholds.
The auditor's disclaimer — the most serious form of audit report — combined with zero revenue and continuing losses raises serious red flags about the company's operational viability and governance. Shareholders should be cautious, as the unverified financial statements significantly increase risk.