Milestone shares rise 10.5% intraday after approving audited results and appointing new compliance officer.

Milestone surged 10.5% intraday following the approval of its audited standalone financial results for the year ended March 31, 2025, alongside the appointment of Abhishek Pokharna as new Company Secretary and Compliance Officer. Despite auditors issuing a disclaimer of opinion due to management disputes, the corporate governance move—aligning with Section 203 of the Companies Act—signaled progress in addressing internal conflicts. Investors likely interpreted the leadership change and formalization of financial disclosures as steps toward resolving governance issues, outweighing concerns over the auditor’s disclaimer. The board meeting also addressed related party transactions, further reinforcing transparency efforts. While the disclaimer raises red flags, the market’s positive reaction suggests optimism that the new leadership will stabilize operations and improve financial reporting clarity.