To approve and consider the various agenda items by the board of Directors of the Company

Mieatene Grous MILESTONE FURNITURE LIMITED Date: 23.10.2026 The Department of Corporate Services / Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400 001, Maharashtra, India Scrip Code: 541337 Subject: Outcome of Meeting of the Board of Directors of Milestone Furniture Limited held today, Le. Friday, 23rd October 2026, pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir / Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, we wish to inform you that the Board of Directors of Milestone Furniture Limited (“the Company”), at its Meeting held today, Le., Friday, 23rd October 2026 at the Registered Office of the Company at Level 4, Dynasty Business Park, A Wing, Andheri Kurla Road, J.B. Nagar, Mumbai, Maharashtra — 400059, India, has inter alia considered, approved, and taken on record the following maiters: 1. Taking Note of Conversion Notices from Holders of Unlisted Secured Optionally Convertible Debentures (OC Ds) & Authorization for Post-Facto In-Principle Appreval Application: The Board tock on record the formal Conversion Notices received from the holders of Unlisted Secured Optionally Convertible Debentures (OCDs)} seeking conversion of OCDs aggregating to %5,74,60,000/- (Rupees Five Crores Seventy-Four Lakhs and Sixty Thousand Only} into Equity Shares of the Company in accordance with the terms of issue previously approved by the Shareholders under Section 62(3) of the Companies Act, 2013. Upon noting the inadvertent omission in obtaining prior in-principle approval under Regulation 28(1) of the SEBI Listing Regulations at the time of original issuance of the said OCDs, the Board explicitly resolved to defer the formal allotment of the resultant Equity Shares until post-facto in- principle approval is received from the Stock Exchange(s), and authorized the Directors to file necessary condonation and in-principle approval applications and pay applicable Standard Operating Procedure (SOP) fines/penalties, if any, to cure the defect. 2. Termination of Negotiations and Decision Not to Proceed with the Proposed Acquisition of Kquity Shares of UMT Infra Projects Private Limited: With reference to the earlier intimation regarding the proposal to acquire equity shares of UMT Infra Projects Private Limited, following extensive due diligence and valuation assessments, the parties could not atrive at mutually viable commercial terms, valuation criteria, or closing conditions. Accordingly, the Board approved the formal discontinuation and termination of all ongoing discussions, negotiations, and non- binding understandings/term sheets with UMT Infra Projects Private Limited with immediate effect, without any continuing financial, operational, or legal liability to the Company. 3. Taking Note of Resignation of Mir. Abhishek Pokharna [rom the Position of Company Secretary & Compliance Officer (Key Managerial Personnel): The Board formally took note of and accepted the resignation of Mr. Abhishek Pokharna from the position of Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from the close of business hours on September 20, 2026, placed on record its appreciation for his services, CIN: 13694 ZMH20 74PLO254131 Reed. Office: LEVEL 4, DYNASTY BUSINESS PARK, A WING, ANDHERI-KURLA ROAR, LB. NAGAR, MUMBAL Milextane Grous MILESTONE FURNITURE LIMITED and authorized the filing of e-Form DIR-12 with the Registrar of Companies. Detailed disclosures required under Regulation 30 of the SEBI Listing Regulations read with SEB] Master Circular dated November 11, 2024 are enclosed separately as Annexure-I. 4, Appointment of Ms. Navjeet Kaur (Advocate) as Scrutinizer for the 12th Annual General Vieeting (PY 2025-26): Pursuant to Sections 108 and 109 of the Companies Act, 2013 read with Rules 20 and 21 of the Companies (Management and Administration} Rules, 2014 and Regulation 44 of the SEBI Listing Regulations, the Board appointed Ms. Navjcet Kaur, Advocate (Proprietor of M/s N.K. Consultant & Advisor, Zirakpur; Enrolment No. HIM/699/2025) as the Scrutinizer to scrutinize the remote e-voting process and the voting process at the ensuing 12th Annual General Meeting of the Company for the Financial Year 2025-26 in a fair and transparent manner. Detailed disclosures are enclosed separately as Annexure-II. 5. In-Principle Approval of Proposed Equity Share Capital Structure and Authorization for Filme In-Principle Applications with BSE Limited: Pursuant to Sections 42, 54, 62(1)(b)}, 62(1\(c), and 62(3) of the Companies Act, 2013, Regulation 28(1) of the SEBI Listing Regulations, the SEBI (CDR) Regulations, 2018, and the SEBI (Share Based Employee Benefits and Sweat Equity} Regulations, 2021, the Board considered and accorded its in-principle approval to the proposed equity share capital structure of Milestone Furniture Limited and authorized the preparation and filing of requisite in-principle approval applications with BSE Limited prior to proceeding with the respective issuance, conversion, or allotment (subject to confirmation of final share quantities, statutory valuations, and Shareholders’ approval}, as summarized below: Existing Equity Shareholding 32,5622% Proposed Sweat Equity Shares 5.2576% Proposed ESOP Allocation 24.5356% *Note: The share quantities and units are subject to confirmation. The proposed ESOP allocation represenis the contemplated option pool and shadl not constitute issued equity share capital until the options are exercised and shares are allotted. 6. Recommendation for Regularization and Appointment of Mr. Akash Chugh COIN: 11206510) as Director (Non-Executive & Independent): Based on the recommendation of the Nomination and Remuneration Committee, the Board approved and recommended to the Shareholders at the ensuing 12th Annual General Meeting the regularization and appointment of Mr. Akash Chugh (DIN: 11206510), who was appointed as an Additional Director (Non- Executive & Independent} on August 18, 2026, as a Non-Executive Independent Director of the Company, not liable to retire by rotation, for a first term of 5 (Five} consecutive years commencing from August 18, 2026 up to August 17, 2031. Detailed disclosures required under Regulation 30 of the SEBI Listing Regulations are enclosed separately as Annexure-III. CIM: L3691 ZMHZ0 44PLO254131 NG, ANDHERL-KURLA ROAB, LB. NAGAR, MIMBAL ituredn Mieatene Groups MILESTONE FURNITURE LIMITED 7. Recommendation for Regularization and Appointment of Ms. Vaishali Balasaheb Tautap (DEN: 19943315) as Director (Executive, in Professional Capacity): Based on the recommendation of the Nomination and Remuneration Committee, the Board approved and recommended to the Shareholders at the ensuing 12th Annual General Meeting the regularization and appointment of Ms. Vaishali Balasaheb Jagtap (DIN: 10943315), who was appointed as an Additional Director on August 18, 2026, as an Executive Director (in Professional Capacity in terms of Para (B) of Section I of Part II of Schedule V to the Companies Act, 2013) of the Company, liable to retire by rotation. Detailed disclosures required under Regulation 30 of the SEBI Listing Regulations are enclosed separately as Annexure-lV. #. Appreval of Audited Financial Statements, Statutory Auditor’s Report & Board’s Report (Directors’ Report) for FY 2025-26: Pursuant to Sections 129, 134, and 179(3)(g) of the Companies Act, 2013 and Regulations 33 and 34 of the SEBI Listing Regulations, the Board considered, approved, and recommended to the Members for adoption at the ensuing 12th Annual General Meeting the Audited Financial Statements of the Company for the Financial [Showing first 8,000 characters — download PDF for full document]