Intimation of resignation of Mr.Vivek sonar Executive director of the company w.e.f closing of business hours of 16.03.2026

Kmp ResignedManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+3.9% vs market

Consumer Durables peers, median of 188sector · industry level+0.1%+4.8% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.8 pts more than its Consumer Durables peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Mr. Vivek Yogeshwar Sonar (DIN: 07735643) has resigned from the position of Executive Director of Milestone Furniture Limited, effective from the close of business hours on 16 March 2026. The reason cited is personal reasons, and the company confirmed there are no other material reasons behind his departure. The company has appreciated his services during his tenure and has communicated the resignation to BSE under SEBI LODR Regulation 30. The resignation letter from Mr. Sonar has been enclosed with the filing.

Likely market impact

This is a single executive-level departure citing personal reasons with no disclosed governance or financial concerns, so it is likely a routine change for now. Shareholders should watch for any follow-up announcement on whether a replacement Executive Director will be appointed, as prolonged vacancies in key management could affect operational continuity.