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Milestone Furniture Limited has called its 11th Annual General Meeting on Saturday, December 27, 2025 at 12:30 PM, to be held via video conferencing. Shareholders will vote on adopting the FY2024-25 audited financial statements and re-appointing Mr. Mayank Rasiklal Kotadia, who retires by rotation. The notice also seeks approval to regularize M/s. R Daga & Company as statutory auditors (filling a casual vacancy), appoint Brajesh Gupta & Co. as secretarial auditor for five years (FY 2025-26 to 2029-30), and regularize Mrs. Payal Vatsal Thakkar as a non-executive, non-independent director. Additionally, members will be asked to note the resignation of independent director Mrs. Muskan Rana (effective from AGM conclusion), and approve related party transactions and a borrowing ceiling — each up to Rs. 50 crore — along with an increase in permissible investment limits for NRIs and FPIs. E-voting runs from December 24 to December 26, 2025, with a cut-off date of December 20, 2025.
This is a routine AGM notice combining standard housekeeping items (financials, director appointments, auditor changes) with two items worth scrutinizing: a Rs. 50 crore cap on related party transactions and a Rs. 50 crore borrowing limit, both of which give the board significant financial flexibility. Shareholders should review the proposed related party deal limit and the resignation of an independent director before voting.