Milestone Furniture shares rise 11.5% after-hours as company approves financial results and appoints new secretary.

Milestone Furniture surged 11.5% in after-hours trading following the announcement of key corporate governance actions. The company approved audited financial results for the year ended March 31, 2025, despite auditors issuing a disclaimer of opinion due to management disputes. However, the stock price reaction appears driven by the appointment of Abhishek Pokharna as the new Company Secretary and Compliance Officer, a move aimed at strengthening corporate governance. The market may have interpreted this leadership change as a step toward resolving internal conflicts and improving transparency, outweighing concerns about the auditor’s disclaimer. The news directly relates to Milestone Furniture’s corporate developments, aligning with the stock’s upward movement in the after-hours session.