News for Milestone Furniture Limited (MILEFUR.BO)

Companies delaying results because of auditor queries and qualifications is not new. But a little-known Indian furniture company has cited a bizarre reason for deferring its earnings: the auditor has simply disappeared. The BSE-listed firm Milestone Furniture Ltd. has announced that their result filings will be delayed as the existing chartered accountant, Bhupendra Gandhi, "disappeared and is not answering the calls".

The ‘disappearance’ of the Chartered Accountant raises questions over the company’s corporate governance.

The office furniture manufacturing company added that it is trying its best to resolve the issue so that BSE as well as ROC compliance in this regard can be done at earliest

In a bizarre case of poor corporate governance, Milestone Furniture, a BSE-SME listed company has delayed announcing its quarterly results because its chartered accountant has “disappeared”.

As a result, the benchmark BSE Sensex plunged 2.10 per cent in January and as much as 63 per cent of BSE stocks wiped off investors’ wealth during the same period. Foreign institutional investors sold shares worth Rs 28852 crore in January.

In the Nifty50 index, 17 stocks closed in the green, while 33 stocks ended in the red.

In the Nifty50 index, 31 stocks closed in the green, while 19 stocks ended in the red.

In the Nifty50 index, 40 stocks closed in the green, while 10 stocks ended in the red.

In the Nifty pack, 45 stocks were trading in the green, while 5 stocks were trading in the red.

In the Nifty pack, 44 stocks closed in the green, while 6 stocks ended in the red.

BSE Sensex and Nifty 50 were trading in red on Wednesday, a day of weekly F&O expiry day.

In the Nifty50 index, 10 stocks closed in the green, while 40 stocks ended in the red.

In the Nifty pack, 10 stocks closed in the green, while 40 stocks ended in the red.

In the Nifty 50 index, 10 stocks ended in the green, while 40 stocks closed in the red in today's trade.

Domestic equity markets cracked on Tuesday as Covid-19 scare in China, and rising bond yields and Brent crude prices globally, dented investors' sentiment. The S&P BSE Sensex was down over 600 points or 1 per cent at 58,354, while the NSE Nifty 50 was testing the 17,450-mark.

In the Nifty pack, 5 stocks were trading in the green, while 45 stocks were trading in the red.

In the Nifty pack, 19 stocks closed in the green, while 30 stocks ended in the red.

In the Nifty pack, 19 stocks were trading in the green, while 31 stocks were trading in the red.

In the Nifty 50 index, 21 stocks were trading in the green, while 29 stocks were trading in the red.