Resignation of Mr.Vivek Sonar Executive Director of the company

Kmp ResignedManagement Changes View source PDF Explain this filing

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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

Milestone Furniture Limited has informed the stock exchange that Mr. Vivek Yogeshwar Sonar (DIN: 07735643) has resigned from his position as Executive Director of the company, effective from the close of business hours on March 16, 2026. The reason cited is personal, with no other material reasons disclosed. The company has appreciated his services during his tenure. The resignation is being filed under SEBI LODR Regulation 30. A new Whole-time Director, Mr. Maulik Kotadia, appears to remain on the board.

Likely market impact

This is a routine, single-board-level exit driven by personal reasons, with no signs of governance disputes or financial stress. Shareholders should note that an Executive Director (a Key Managerial Person) has stepped down, but day-to-day operations are unlikely to be disrupted since the board still has leadership in place.