12th Annual Report of Milestone Furniture Limited for the Financial Year 2025-26

MILESTONE FURNITURE LIMITED 12th Annual Report 2025–2026 For the financial year ended 31 March 2026 12TH ANNUAL GENERAL MEETING Saturday, 21 November 2026 12:30 p.m. IST Through Video Conferencing / Other Audio Visual Means MILESTONE FURNITURE LIMITED Date: 30.10.2026 BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001. Sub: Notice of 12th Annual General Meeting along with Annual Report for F.Y. 2025-26 (BSE SCRIP CODE: 541337) Dear Sir / Madam, Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Annual Report for the F.Y. 2025-26 along with the Notice of the 12th Annual General Meeting (“AGM”) of the Company scheduled to be held on Saturday, 21st November, 2026 at 12:30 P.M. (IST) through Video Conferencing / Other Audio-Visual Means (VC/OAVM), to transact the business as set out in the Notice. The AGM is being convened within the extended time granted by the Registrar of Companies, Mumbai-I, under Section 96(1) of the Companies Act, 2013, vide order dated 19th September, 2026. The Company has fixed Saturday, 14th November, 2026 as the cut-off date for determining the eligibility of Members to vote. The remote e-voting period commences on Wednesday, 18th November, 2026 at 9:00 A.M. and ends on Friday, 20th November, 2026 at 5:00 P.M. The Notice and the Annual Report are also available on the website of the Company at www.milestonefurniture.in This is for your kind information and record purpose. Thanking You, For Milestone Furniture Limited Akshay Sharma Director DIN: 10701657 Place: Chandigarh Encl.: As above CIN: L36912MH2014PLC254131 Regd. Office: LEVEL 4, DYNASTY BUSINESS PARK, A WING, ANDHERI-KURLA ROAD, J.B. NAGAR, MUMBAI, MAHARASHTRA, INDIA, 400059 Email ID. Director1@milestonefurniture.in, Ph. No. 9041009921 Website: www.milestonefurniture.in MILESTONE FURNITURE LIMITED CORPORATE INFORMATION BOARD OF DIRECTORS 1. Mr. Akshay Sharma DIN: 10701657 (Non-Executive Director) 2. Ms. Vaishali Balasaheb Jagtap DIN: 10943315 (Additional Director – Non-Executive, Non-Independent) w.e.f. 18.08.2026 3. Mr. Akash Chugh DIN: 11206510 (Additional Director – Independent) w.e.f. 18.08.2026 SECRETARIAL AUDITORS M/s. Arshiya Jain & Associates STATUTORY AUDITORS M/s. Gupta Rajesh & Associates REGISTERED OFFICE Level 4, DYNASTY Business Park, A Wing, Andheri-Kurla Road, J.B. Nagar, Mumbai, Maharashtra, India – 400 059 REGISTRAR & SHARE Skyline Financial Services Private Limited TRANSFER AGENT (RTA) STOCK EXCHANGE (SCRIP BSE SME (541337) CODE) ISIN INE424Z01011 CIN L36912MH2014PLC254131 E-MAIL / WEBSITE director1@milestonefurniture.in / www.milestonefurniture.in CIN: L36912MH2014PLC254131 Regd. Office: LEVEL 4, DYNASTY BUSINESS PARK, A WING, ANDHERI-KURLA ROAD, J.B. NAGAR, MUMBAI, MAHARASHTRA, INDIA, 400059 Email ID. Director1@milestonefurniture.in, Ph. No. 9041009921 Website: www.milestonefurniture.in MILESTONE FURNITURE LIMITED NOTICE OF 12TH ANNUAL GENERAL MEETING NOTICE is hereby given that the Twelfth (12th) Annual General Meeting of the Members of Milestone Furniture Limited (“the Company”) will be held on Saturday, the 21st day of November, 2026 at 12:30 P.M. (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”), without the physical presence of the Members at a common venue, to transact the following businesses: The Meeting is being convened within the extended time granted by the Registrar of Companies, Mumbai-I, under the second proviso to Section 96(1) of the Companies Act, 2013, vide order dated 19th September, 2026, whereby the time for holding the Annual General Meeting for the financial year ended 31st March, 2026 has been extended by one month and fifteen days. The proceedings of the Meeting shall be deemed to be conducted at the Registered Office of the Company, which shall be the deemed venue of the Meeting. ORDINARY BUSINESSES: ITEM NO. 1 – ADOPTION OF THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026 To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon, and in this regard to consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, comprising the Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date, together with the notes forming part thereof, and the Reports of the Board of Directors and the Statutory Auditors thereon, as laid before this Meeting, be and are hereby received, considered and adopted.” ITEM NO. 2 – APPOINTMENT OF STATUTORY AUDITORS To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Sections 139, 141, 142 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and on the recommendation of the Audit Committee and the Board of Directors, M/s Gupta Rajesh & Associates, Chartered Accountants (Firm Registration No. 009888N), be and are hereby appointed as the Statutory Auditors of the Company for a term of five (5) consecutive years, to hold office from the conclusion of this Twelfth 12th Annual General Meeting until the conclusion of the [Seventeenth] 17th Annual General Meeting of the Company to be held in the year 2031, at a remuneration plus applicable taxes and reimbursement of out-of-pocket expenses incurred in connection with the audit, and such remuneration for the subsequent years of their term as may be determined by the Board of Directors on the recommendation of the Audit Committee. RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof) be and is hereby authorised to do all such acts, deeds, matters and things, and to file Form ADT-1 and such other forms, as may be necessary, proper or expedient to give effect to this resolution.” CIN: L36912MH2014PLC254131 Regd. Office: LEVEL 4, DYNASTY BUSINESS PARK, A WING, ANDHERI-KURLA ROAD, J.B. NAGAR, MUMBAI, MAHARASHTRA, INDIA, 400059 Email ID. Director1@milestonefurniture.in, Ph. No. 9041009921 Website: www.milestonefurniture.in MILESTONE FURNITURE LIMITED SPECIAL BUSINESSES: ITEM NO. 3 – INCREASE IN AUTHORISED SHARE CAPITAL AND CONSEQUENTIAL ALTERATIONS To consider and, if thought fit, to pass the following resolution as a Special Resolution: "RESOLVED THAT pursuant to Sections 13, 61(1)(a), 64 and other applicable provisions of the Companies Act 2013 and the rules made thereunder, and subject to the enabling power in the Articles of Association, the consent of the Members be and is hereby accorded to increase the authorised share capital of the Company from ₹10,00,00,000 (Rupees Ten Crore only) divided into 1,00,00,000 (One Crore) equity shares of ₹10 each to ₹50,00,00,000 (Rupees Fifty Crore only) divided into 5,00,00,000 (Five Crore) equity shares of ₹10 each, the new shares to rank pari passu with the existing equity shares. RESOLVED FURTHER THAT Clause V of the Memorandum of Association of the Company be and is hereby substituted with the following: RESOLVED FURTHER THAT the Board of Directors of the Company (which term shall include any duly constituted Committee thereof) and the Company Secretary be and are hereby severally authorised to file Form SH-7 (and Form MGT- 14 for the alteration of the Articles, if applicable), pay the applicable fees and stamp duty, update the statutory records and do all such acts, deeds and things as may be necessary or expedient to give effect to this resolution." ITEM NO. 4 – REG [Showing first 8,000 characters — download PDF for full document]