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Milestone Furniture Defers Rs 5.74 Crore OCD Conversion Approves Capital Hike


29 September 2026
Milestone Furniture Ltd.

Board deferred allotment on Rs 5.75 Cr OCD conversion notices pending exchange approval; approved authorised capital hike to Rs 60 Cr, auditor change, AGM extension, ESOP 2026. Allotment deferred over missing Reg 28(1) in-principle approval; condonation to be sought. Capital hike to enable conversion; MoA change and ESOP need shareholder nod. New auditor holds till AGM; AGM delayed 3 months. Exchange nod, conversion price/dilution quantum and shareholder approvals remain pending.


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