Milestone Global Ltd

AGM Details

• Date and mode: 19 September 2026, via VC/OAVM.
• Time: 11:00 a.m.
• Voting method: Remote e-voting and on- AGM e-voting.

Key Resolutions and Voting

• Item 1: Adopt Audited Financial Statements; Ordinary; Passed.
• Item 2: Re-appoint Syed Fiyaz Ahmed by rotation; Ordinary; Passed.
• Item 3: Remuneration for WTD approved; Special; Passed; notable dissent: 505 in favour, 10,506 against.
• Item 4: Re-appoint Alka Agarwal as WTD; Ordinary; Passed; notable dissent: 505 in favour, 10,506 against.
• Item 5: Re-appoint Somendra Kumar Agarwal; Special; Passed; notable dissent: 505 in favour, 10,506 against.
• Item 6: Re-appoint Mast Ram Tek Chand Bhardwaj; Special; Passed; notable dissent: 505 in favour, 10,506 against.

Director Changes

• Syed Fiyaz Ahmed reappointed by rotation.
• Alka Agarwal re-appointed as Whole Time Director; remuneration approved.
• Somendra Kumar Agarwal re-appointed as Independent Director.
• Mast Ram Tek Chand Bhardwaj re-appointed as Independent Director.

AGM details

• Held on 19 September 2026 at 11:00 IST via Video Conference.

Key resolutions

• Resolution 1 (Ordinary): Adoption of financial statements for year ended 31 March 2026, and reports.
• Resolution 2 (Ordinary): Appointment of Syed Fiyad Ahmed as director liable to retire by rotation.
• Resolution 3 (Special): Fixing remuneration of Syed Fiyaz Ahmed, Whole Time Director, for remaining tenure.
• Resolution 4 (Ordinary): Re-appointment of Alka Agarwal as Whole Time Director and remuneration.
• Resolution 5 (Special): Re-appointment of Somendra Kumar Agarwal as Independent Director.
• Resolution 6 (Special): Re-appointment of Mast Ram Tek Chand Bhardwaj as Independent Director.

Voting results

• Resolution 1: Deemed passed subject to requisite majority.
• Resolution 2: Deemed passed subject to requisite majority.
• Resolution 3: Deemed passed subject to requisite majority.
• Resolution 4: Deemed passed subject to requisite majority.
• Resolution 5: Deemed passed subject to requisite majority.
• Resolution 6: Deemed passed subject to requisite majority.

Director changes

• Syed Fiyad Ahmed appointed as director liable to retire by rotation.
• Alka Agarwal re-appointed as Whole Time Director; remuneration approved.
• Somendra Kumar Agarwal re-appointed as Independent Director.
• Mast Ram Tek Chand Bhardwaj re-appointed as Independent Director.

Auditors

• Statutory auditors attended; reported unqualified opinions.

CFO resignation

• Resignation of Chief Financial Officer Sunil Kumar Sharma effective 9 October 2026 close of business hours.
• Reason: personal reasons; no material reasons beyond those stated.
• Resignation letter dated 11 August 2026.
• Will extend full cooperation during notice period for a smooth handover.

Financial results

• Board approves unaudited standalone and consolidated quarterly results for quarter ended 30 June 2026.
• Consolidated results include two subsidiaries (UK & USA) whose interim results were not reviewed.
• Subsidiaries’ interim results show revenue Rs 380.93 lakh and net loss after tax Rs 3.13 lakh.

Auditors' review

• Auditors report no material misstatement; interim results reviewed under Regulation 33.
• Consolidated results include unreviewed subsidiary results.

Management changes

• CFO Sunil Kumar Sharma resigns; effective from close of business hours on Sth October 2026.

Meeting Details

• Board meeting on Tuesday, 11 August 2026 at 54-B, Hoskote Industrial Area, Bangalore.

Key Agenda Items

• Approve unaudited quarterly results for quarter ended 30 June 2026.

Other Notes

• Trading window closure for designated persons from July 1 to August 13, 2026.

Financial highlights

• Standalone income from operations Rs 1204.16 lakh.
• Standalone total income Rs 1250.34 lakh.
• Standalone PBT Rs 37.41 lakh.
• Standalone PAT Rs 27.64 lakh.
• Consolidated revenue from operations Rs 1396.87 lakh.
• Consolidated total income Rs 1443.18 lakh.
• Consolidated PBT Rs 92.49 lakh.
• Consolidated PAT Rs 75.29 lakh.
• Dividend not declared.

Geography & customers

• USA revenue Rs 381.26 lakh.
• Europe revenue Rs 964.91 lakh.
• Canada revenue Rs 50.70 lakh.
• Top customer: Milestone Global UK Rs 772.20 lakh.

Capital structure & reserves

• Equity share capital Rs 501.75 lakh; reserves Rs 504.25 lakh.
• No debt; borrowings nil.
• Reserves increased to Rs 504.25 lakh.

Subsidiaries & governance

• Subsidiaries: Milestone Global UK Limited (UK) and Milestone Imports Inc (USA).
• Consolidated statements include these subsidiaries.
• Board: 6 directors; 3 independent; chairman non-exec related to promoter.
• Audit committee: 3 members; 4 meetings in FY2025-26.
• Secretarial audit: MR-3; no qualifications.

Related party transactions

• Related party sales to Milestone Global UK Ltd Rs 883.35 lakh.
• Related party sales to Milestone Imports Inc Rs 120.85 lakh.
• All RPTs in ordinary course; arm's length.

Audits & controls

• Statutory auditors: M/s P.L. Tandon & Co; no qualifications.
• Secretarial auditors: Akhilesh Singh & Associates; MR-3; no qualifications.
• Internal controls: adequate; no material weaknesses reported.

Outlook & risks

• Granite industry faces raw material, energy and logistics pressures.
• Management pursuing diversification and efficiency improvements.
• Outlook: turnover and profitability expected to improve gradually.

Dematerialisation processing and listing status

• Dematerialisation requests received during the quarter were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where prior issues are listed.
• Physical certificates received for dematerialisation were mutilated, cancelled, and ownership updated within 15 days.

Milestone Global Ltd — Trading window closure from 1 July 2026; ends 48 hours after the results for quarter ended 30 June 2026 become generally available