Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Milestone Furniture Ltd's board met on 17 November 2025 and approved audited standalone financial results for the half-year and full year ended 31 March 2025. The company reported zero revenue from operations and a net loss of about ₹48.37 lakhs for FY25, an improvement from a loss of ₹63.14 lakhs in FY24. The board also appointed Mr. Abhishek Pokharna as Company Secretary and Compliance Officer effective 1 November 2025. Several items, including the Directors' Report, AGM date, and notice, were deferred to a future board meeting. Crucially, the statutory auditor M/s R Daga & Co. issued a 'Disclaimer of Opinion' citing an ongoing standoff between the new and old management that prevented verification of assets and liabilities, contradicting the company's filing claiming an 'unmodified' audit opinion.
This is a significant red flag for shareholders – the company claims auditors gave a clean (unmodified) opinion, but the actual auditor's report contains a Disclaimer of Opinion due to unresolved management disputes, undermining credibility. Combined with zero revenue, continued losses, and auditor concerns about going concern, the stock carries serious governance and solvency risks despite the narrowed loss.