Milestone Global Limited has scheduled its 36th Annual General Meeting (AGM) for Saturday, September 19, 2026, at 11:00 a.m. via Video Conferencing. The meeting will address the adoption of audited financial statements for FY26, which showed a consolidated profit after tax (PAT) tripling year-on-year to ₹75.29 lakh, while standalone PAT dipped marginally to ₹27.64 lakh. Shareholders will vote on the re-appointment of key directors and the approval of their remuneration structures for upcoming tenures.

The Register of Members and Share Transfer books will remain closed from September 12, 2026, to September 19, 2026, inclusive. Remote e-voting will be available from September 16, 2026, at 9:00 a.m. IST to September 18, 2026, at 5:00 p.m. IST. Only shareholders holding shares as of the cut-off date, September 11, 2026, are eligible to vote. The facility for appointing proxies is not available for this virtual meeting.

Board Re-appointments and Remuneration

The primary special business items involve the re-appointment of executive and independent directors. The Board seeks shareholder approval for the following resolutions:

Syed Fiyaz Ahmed, who has been with the company since its inception, is seeking approval for his remaining tenure as Whole-time Director. His current monthly remuneration is ₹62,700. The proposed resolution allows for an increase up to ₹1,00,000 per month, with a cap on total annual remuneration at ₹84,00,000. This approval is required under Schedule V of the Companies Act, 2013, due to the company’s inadequate profits.

Alka Agarwal, currently serving as CEO and Whole-time Director, is eligible for re-appointment for a further five-year term commencing January 6, 2027. Her proposed remuneration starts at ₹4,00,000 per month, potentially rising to ₹7,00,000 per month within three years of her re-appointment. She is related to Chairman Alok Krishna Agarwal, who is her brother.

Independent Director Continuity

The Board also recommends the re-appointment of two independent directors for their second consecutive five-year terms. Somendra Kumar Agarwal, a consultant with Vaishno Securities, and Mast Ram Tek Chand Bhardwaj, a retired Colonel of the Indian Army, both completed their first terms on March 12, 2026. Their re-appointments are subject to shareholder approval via Special Resolution. Both directors have submitted declarations confirming their independence under Section 149(6) of the Companies Act, 2013.

Financial Context and Governance

The AGM coincides with the submission of the 36th Annual Report, which highlights stable standalone operations despite challenges in raw material availability and global trade uncertainties. Consolidated results improved significantly due to contributions from subsidiaries Milestone Global (UK) Limited and Milestone Imports Inc. (USA). No dividend was recommended for FY26. The Secretarial Audit and Statutory Auditors’ Reports contained no qualifications or adverse remarks. Mr. M. Jagadeesh, Lawyer, has been appointed as the Scrutinizer for the e-voting process.

Milestone Global Limited will conduct its 36th Annual General Meeting (AGM) via video conferencing on September 19, 2026, at 11:00 a.m. IST. The meeting is being held in compliance with General Circular number 3/2025 issued by the Ministry of Corporate Affairs and relevant circulars from the Securities and Exchange Board of India.

Electronic copies of the AGM notice and the Annual Report for the financial year 2025-2026 will be sent to shareholders whose email addresses are registered with the company's Registrar and Transfer Agent (RTA) or depository participants. Shareholders holding shares in dematerialized mode are requested to register their email addresses and mobile numbers with their depositories. Those holding physical shares must furnish these details with the company's RTA, Integrated Registry Management Services Private Limited.

A letter containing the web link to access the Integrated Annual Report for FY26 will be sent to shareholders who have not registered their email addresses. The notice of the 36th AGM will also be available on the company's website, stock exchanges, and CDSL.

Shareholders will have the opportunity to cast their votes remotely on the business items through an electronic voting system. The specific procedure for remote voting for dematerialized and physical shareholdings will be detailed in the Notice of AGM. The formal notice will be dispatched to shareholders on their registered email addresses in due course.