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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Milestone Furniture Ltd filed the voting results of its 11th AGM held on 27 December 2025 via video conferencing, which lasted just 10 minutes (12:30 PM to 12:40 PM). Only 8 shareholders attended the meeting out of 650 total shareholders on record date 20 December 2025. Of the 92.97 lakh shares held by public non-institutional shareholders, 11.22 lakh votes (12.07%) were polled, with 91.18% in favour and 8.82% against. All 9 resolutions were passed, covering adoption of financial statements, director re-appointment by rotation, appointment of statutory auditor (M/s R Daga & Co) and secretarial auditor (Brajesh Gupta & Co for 5 years), regularization of a new non-executive director, noting an independent director's resignation, approving related party transactions, increasing borrowing limit to Rs 50 crore, and hiking investment limits for NRIs and FPIs.
All 9 resolutions cleared with comfortable majority (91% in favour), giving the company a green light to raise borrowings up to Rs 50 crore and welcome more foreign/NRI investors. However, very low shareholder participation (only 12% of shares voted) and the delayed scrutinizer report (caused by unpaid NSDL fees) signal weak governance engagement and minor administrative lapses that retail investors should note.