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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Milestone Furniture approved the Directors' Report, Management Discussion & Analysis, and Corporate Governance Report for FY 2024-25, along with the notice, date, and venue for the 11th Annual General Meeting. It appointed Mrs. Payal Vatsal Thakkar as an Additional Executive Director (Woman Director) for a 5-year term and accepted the resignation of Independent Director Mrs. Muskan Rana, effective from the conclusion of the AGM. The Board also regularized R Daga & Company as Statutory Auditors for the remaining term and appointed Brajesh Gupta & Co as Secretarial Auditor for five years (FY 2025-26 to 2029-30). Additionally, it approved seeking shareholder approval to raise the borrowing limit under Section 180(1)(C) to up to Rs. 50 crore, Related Party Transaction limits up to Rs. 50 crore, and increased permissible investment limits for NRIs and FPIs.
This is a routine governance and AGM-preparation update with no major financial announcement, though the proposed hike in borrowing limit to Rs. 50 crore signals potential fund-raising plans that shareholders will need to approve. The director changes (new executive director and departing independent director) are governance events that may slightly affect board composition ahead of the AGM.