Milestone Furniture541337Board meeting scheduled

Board meeting on 23 October 2026 to consider FY 2025-26 audited results, OCD conversion notices and other items

Board meets Fri, 23 Oct 2026, 4:30 PM to note OCD conversion notices of ₹5,74,60,000; consider ending UMT Infra acquisition talks; CS resignation; FY 2025-26 audited results; new statutory & secretarial auditors; ESOP/sweat equity.

By ScoutQuest · Fri 23 Oct 2026, 9:39 PM IST · 3 min read

Board Meeting Date/Time: Fri, 23 Oct 2026, 4:30 PM
OCD Conversion Notices Amount: ₹5,74,60,000
Auditor Appointment Term: 5 (Five) consecutive Financial Years

What this update is

Milestone Furniture Ltd has given prior intimation that its Board of Directors meets on Friday, 23rd October 2026 at 04:30 P.M. (IST) at the registered office in Mumbai. The update lists the business items the Board will consider. This is a notice of an upcoming meeting, so the decisions themselves are not yet known.

Debenture conversion

The Board will take note of conversion notices received from holders of Unlisted Secured Optionally Convertible Debentures (OCDs) aggregating to ₹5,74,60,000.
It will also authorise a director to file an application with the stock exchanges for in-principle approval under Regulation 28(1) of the SEBI Listing Regulations.
Separately, the Board will consider the proposed equity share capital structure and authorise in-principle approval applications for conversion of debentures, loans and other obligations into equity shares, issuance of sweat equity shares, and implementation of an Employee Stock Option Scheme (ESOP).
Conversion of debentures or loans into equity, and issue of sweat equity or ESOP shares, results in new shares being issued and changes the share capital base.

Proposed acquisition

The Board will consider the termination of negotiations and a decision not to proceed with the proposed acquisition of equity shares of UMT Infra Projects Private Limited.

Key managerial and board changes

To take note of the resignation of Mr. Abhishek Pokharna as Company Secretary and Compliance Officer (Key Managerial Personnel).
To consider and recommend to shareholders the regularization and appointment of Mr. Akash Chugh (DIN: 11206510) as a Director (Non-Executive & Independent); he was appointed as an Additional Director on 18.08.2026.
To consider and recommend the regularization and appointment of Ms. Vaishali Balasaheb Jagtap (DIN: 10943315) as a Director (Executive, in Professional Capacity); she was appointed as an Additional Director on 18.08.2026.

Results and audit

To consider, approve and adopt the Audited Financial Statements for the Financial Year 2025-26, along with the Statutory Auditor's Report and the Board's Report and its annexures.
To consider and recommend the appointment of M/s Gupta Rajesh & Associates, Chartered Accountants (Firm Registration No. 098888N), as Statutory Auditors for a term of 5 (Five) consecutive Financial Years.
To consider and approve/recommend the appointment of M/s Arshiya Jain & Associates, Practising Company Secretaries (Peer Reviewed Firm), as Secretarial Auditor for a term of 5 (Five) consecutive Financial Years.

Annual General Meeting

To fix the date, time and mode of the 12th Annual General Meeting for FY 2025-26, fix the Book Closure / Cut-off Date, and approve the Notice convening the AGM.
To consider and approve the appointment of Ms. Navjeet Kaur, Advocate, as Scrutinizer for the 12th AGM.

Trading window

The trading window for dealing in the company's securities by designated persons and their immediate relatives remains closed and will reopen 48 hours after the outcome of the Board Meeting / declaration of the financial statements is made public.

For a retail reader

The meeting covers a results approval, changes in auditors and key personnel, a possible end to acquisition talks, and proposals that can bring in new equity shares. Each of these is a proposal before the Board; the actual decisions will be known only from the outcome disclosure after the meeting.

Also from Milestone Furniture