Announced Tue, 29 Sept, 2026 · 14:23 IST

Auditor Resigns Mid-Term; New Auditor Appointed; ESOP 2026 Approved

Auditor Resigned MidtermManagement Changes View source PDFExplain this filing

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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹23.80
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AI summary

Milestone Furniture board on 17 Sept 2026 accepted resignation of statutory auditor M/s R. Daga and Co effective 28 July 2026 citing professional commitments with no material concerns. M/s Gupta Rajesh and Associates appointed to fill vacancy till next AGM. Board also deferred OCD conversion of about Rs 5.74 crore pending stock exchange approval, raised authorised capital from Rs 10 crore to Rs 60 crore, extended AGM by 3 months, and approved ESOP 2026.

Likely market impact

Auditor change mid-term with no flagged concerns is routine but deferred OCD allotment and AGM extension may raise governance questions.