Milestone Furniture, a BSE listed company, has announced that its chartered accountant, CA Bhupendra Gandhi, has suddenly disappeared. This disappearance is causing delays in the finalisation of the company’s financial results. The announcement was made in the board meeting held on May 25th, where the chairman informed the board about the issue.
Due to the unexpected absence of the chartered accountant, the financial statements are pending as the necessary financial data is unavailable without the person-in-charge. However, the company is trying its best to resolve the issue so that compliance with BSE and ROC can be done at the earliest.
Moreover, the board also discussed the matter of a suitable candidate for the roles of Managing Director and Company Secretary. The company is looking for competent individuals to fill these positions and properly work towards organic growth.
Ganesh Kumar Sadanand Patlikadan also resigned from the post of CEO of the company, which was noted by the board during the meeting.
This unusual development is causing concern among the company’s stakeholders. It remains to be seen how Milestone Furniture will address the issue and find a suitable replacement for the missing chartered accountant.
