MPF Systems appoints Sarang Chavan firm as statutory auditor

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • S K Bhavsar & Co. resigned as statutory auditors citing capacity constraints
  • Sarang Shivajirao Chavan and Associates appointed to fill the casual vacancy
  • Outgoing auditors confirmed no adverse remarks or non-compliance issues
  • New appointment effective September 5, 2026, pending shareholder approval
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MPF Systems accepted the resignation of S K Bhavsar & Co. as statutory auditors and appointed Sarang Shivajirao Chavan and Associates to fill the casual vacancy effective September 5, 2026.

The Board of Directors approved the changes during a meeting held on September 5, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outgoing auditors cited capacity constraints and reallocation of professional commitments as reasons for stepping down.

Auditor Transition Details

S K Bhavsar & Co., which was appointed for the financial year 2025-26 on September 19, 2025, submitted its resignation letter dated September 5, 2026. The firm stated that mutual decisions regarding bandwidth made it difficult to devote requisite time to the audit duties.

The resignation letter explicitly clarified that there are no adverse remarks regarding fraud, non-compliance, or irregularity requiring reporting under Section 143(12) of the Companies Act, 2013. The firm had previously submitted the Limited Review Report for the quarter ended June 2026 on July 29, 2026.

New Appointment

The Board appointed M/s. Sarang Shivajirao Chavan and Associates, Chartered Accountants, based in Ahmedabad, Gujarat. The peer-reviewed proprietorship firm will hold office until the date of the next Annual General Meeting of the company.

The appointment is subject to approval by members in the ensuing General Meeting within three months from the date of the board recommendation. The new auditors have experience across accounting, audit, taxation, and advisory services.

Historical Stock Returns for MPF Systems

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How might the change in statutory auditors impact MPF Systems' upcoming financial reporting timelines for FY2026-27?

What specific audit methodologies or risk assessment frameworks does Sarang Shivajirao Chavan and Associates employ that differ from the previous firm?

Could the outgoing auditors' citation of 'capacity constraints' signal broader resource shortages within S K Bhavsar & Co. that might affect other clients?

MPF Systems Q1 Results: Standalone financials published for quarter ended June 30

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Reviewed by
Suketu GScanX News Team
Key Highlights

MPF Systems Ltd announced its standalone unaudited financial results for Q1FY27, approved by the Board on July 29, 2026. The results were published in English and Marathi newspapers on July 31, 2026, complying with SEBI Regulation 47.

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MPF Systems Limited company name has published its standalone unaudited financial results for the quarter ended June 30, 2026. The disclosure was made to comply with regulatory requirements following the approval of the financials by the company's Board of Directors. The results were communicated to the Department of Corporate Services at BSE Limited and published in newspapers on July 31, 2026.

The Board Meeting convened on July 29, 2026, to review and approve the standalone unaudited financial results for the period. Parshottambhai Rupareliya, Managing Director of MPF Systems Limited, signed the communication to the stock exchange. The company cited Regulation 47 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as the basis for this disclosure.

Regulatory Compliance and Publication

In accordance with listing norms, MPF Systems Limited ensured public dissemination of its quarterly performance. The newspaper advertisement containing the financial results was published on July 31, 2026. The company selected two regional publications for this purpose to ensure broad accessibility among stakeholders and investors.

Publication Name Language
Active Times English
Mumbai Lakshdeep Marathi

The registered office of MPF Systems Limited is located at 11-C, 2nd Floor, Techniplex II, S V Road, Goregaon West, Mumbai. The company's Corporate Identification Number (CIN) is L35105MH1993PLC287894. Investors seeking further information can contact the compliance team via email or mobile as listed on the company website.

What the Numbers Show

While the specific financial metrics such as revenue, net profit, or EBITDA are not detailed in the provided filing notice, the publication confirms the completion of the quarterly reporting cycle for Q1FY27. The absence of explicit numerical data in the submission letter indicates that the detailed figures are contained within the enclosed newspaper advertisement referenced in the filing. Market participants should refer to the full advertisement in Active Times and Mumbai Lakshdeep dated July 31, 2026, for granular financial performance indicators.

Historical Stock Returns for MPF Systems

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How will the detailed Q1 FY27 financial metrics, once analyzed from the newspaper advertisements, influence MPF Systems' stock valuation and investor sentiment?

Given the completion of the quarterly reporting cycle, what strategic initiatives or capital expenditure plans is MPF Systems likely to prioritize for the remainder of FY27?

How does MPF Systems' regulatory compliance approach, including dual-language publication, compare to industry peers in terms of transparency and stakeholder engagement?

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