Milestone Furniture Limited's Board of Directors held a comprehensive meeting on 28th January, 2026, at the company's registered office in Mumbai, approving multiple strategic initiatives focused on capital expansion and business growth. The board session, which ran from 4:30 P.M. to 6:00 P.M., addressed key proposals for fund raising, acquisition opportunities, and capital structure optimization.

Fund Raising Initiative

The board granted in-principle approval for raising funds through the issuance of securities via multiple permissible modes. The proposed fund raising mechanisms include preferential issue of equity shares and/or warrants, private placement, or other regulatory-compliant methods.

The board emphasized that specific details including the number of securities, issue price, aggregate amount to be raised, and the exact mode of issuance will be finalized in a subsequent meeting, subject to shareholder approval and requisite regulatory clearances.

Valuer Appointment and Pricing Strategy

To ensure appropriate pricing and advisory support for the securities issuance, the board approved the appointment of a registered valuer. This professional will be responsible for determining the issue price and providing guidance on the optimal mode of issuance, ensuring compliance with applicable laws and regulations.

Acquisition Proposal Evaluation

The board considered a strategic acquisition opportunity involving equity shares of U M T Infra Projects Private Limited from its existing shareholders. Rather than rushing into the transaction, the board adopted a prudent approach by deciding to undertake comprehensive evaluation processes.

The evaluation process will include obtaining valuation reports, conducting thorough due diligence, and reviewing other relevant documentation before finalizing the acquisition price and payment structure. Mr. Mayank Rasiklal Kotadia, Whole-Time Director, has been authorized to oversee all necessary actions and appoint required valuers, professionals, consultants, or advisors for this proposed acquisition.

Capital Structure Enhancement

To support the proposed securities issuance, the board discussed increasing the company's authorised share capital, subject to obtaining applicable approvals. This measure would provide the necessary flexibility to accommodate the fund raising initiative without constraints.

Trading Window Closure

In compliance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in Milestone Furniture Limited's equity shares will remain closed and will reopen after 48 hours from the disclosure of this meeting's outcome. This measure ensures regulatory compliance and prevents any potential insider trading activities during the sensitive period following these strategic announcements.

Milestone Furniture Limited has issued a revised outcome of its Board Meeting held on December 1, 2025, to correct a typographical error in the designation of a newly appointed director. The correction was communicated to the Bombay Stock Exchange on December 26, 2025.

Director Appointment Correction

The company clarified that there was a typographical error in its earlier filing regarding the designation of Mrs. Payal Vatsal Thakkar (DIN: 10799911). The Board has appointed Mrs. Thakkar as an Additional Director, designated as a Non-Executive, Non-Independent Director of the company, contrary to the earlier announcement which incorrectly stated her designation as Executive Director (Woman Director).

Regularization Process

The Nomination and Remuneration Committee (NRC) has recommended Mrs. Thakkar's regularization in her corrected capacity as Non-Executive, Non-Independent Director. This recommendation is subject to approval by the members at the company's ensuing Annual General Meeting (AGM). The original recommendation was for a term of 5 years, and this aspect remains unchanged in the revised filing.

Filing Details

The revised outcome was submitted to correct the typographical error while maintaining all other details from the original filing dated December 1, 2025. The company emphasized that except for the correction of designation, all other information in the original board meeting outcome remains valid and unchanged.

The communication was signed by Mayank Rasiklal Kotadia, Whole-time Director (DIN: 07484438), on behalf of Milestone Furniture Limited. The company's scrip code on BSE is 541337, and it operates under CIN: L36912MH2014PLC254131.