MPF Systems has appointed Parshottambhai Premjibhai Rupareliya as Managing Director and Narendrakumar Laxmanbhai Raval as an Additional Director in the category of Non-Executive Independent Director, effective June 20, 2026. The Board of Directors approved these appointments during a meeting held on June 20, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company also accepted the resignation of Sharang Amar Sharma from the post of Managing Director due to personal and professional reasons, effective the same date.

Parshottambhai Rupareliya brings five years of experience in the travel industry, specializing in travel planning and customer service. He is the brother of the company's Executive Director, Kurjibhai Rupareliya. Narendrakumar Laxmanbhai Raval holds a Master of Commerce degree and is a CAIIB-qualified professional with over 39 years of experience in banking, specifically in Treasury Management and Foreign Exchange.

The Board approved the alteration of the Object Clause of the Memorandum of Association to include the business of travel and tourist agents. The new objectives include facilitating travel, providing tourist conveniences, and acting as package tour operators. This alteration is subject to the approval of members by way of Special Resolution and other statutory approvals.

In other decisions, the Board consented to shift the registered office from Unit No. B 203, Rustomjee Central Park, Andheri East, to 11-C 2nd Floor, Techniplex II S V Road, Goregaon West, Mumbai. Both locations are within the local limits of Mumbai and under the jurisdiction of the Registrar of Companies, Mumbai. The Board also adopted the Directors’ Report for the year ended March 31, 2026.

The 33rd Annual General Meeting (AGM) of the company will be held at the registered office on July 14, 2026, at 12:00 P.M. The Register of Members and share transfer books will remain closed from July 8, 2026, to July 14, 2026, for the AGM. Remote e-voting commences on July 11, 2026, at 09:00 A.M. and ends on July 13, 2026, at 05:00 P.M., with the record date set as July 7, 2026.

Key Board Appointments

AGM Schedule

MPF Systems has postponed its board meeting originally scheduled for June 18, 2026, to June 20, 2026, due to unavoidable circumstances. The meeting will be held to consider and approve the annual report for the financial year ended March 31, 2026. The rescheduling was communicated to BSE Limited on June 18, 2026, by Sharang Amar Sharma, Managing Director of the company.

The Board of Directors will deliberate on finalizing the annual report and setting the schedule for the upcoming shareholder proceedings. The primary agenda includes fixing the day, date, time, and venue to convene the 33rd Annual General Meeting (AGM) of the company. Additionally, the board will decide the book closure period and the e-voting period connected to the AGM to determine shareholder eligibility.

Another key item on the agenda is the appointment of a scrutinizer for the company. The scrutinizer is responsible for overseeing the voting process during the AGM to ensure fairness and compliance with regulatory standards. The board will also discuss any other business deemed fit with the permission of the Chairman.

Key Agenda Items