MPF Systems appoints Sarang Chavan firm as statutory auditor
- 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

*this image is generated using AI for illustrative purposes only.
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
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.86% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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?


































