Mrs. Sweta R Panchal resigned as Independent Director of mpf systems effective May 25, 2026, due to personal reasons. The director confirmed there are no other material reasons for her departure beyond those stated in her resignation letter. This change impacts the board composition of the fire protection systems company.

The resignation was intimated to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the necessary disclosures, including the detailed reason for the cessation and a confirmation regarding the absence of other material factors.

Mrs. Panchal served as a Non-Executive and Independent Director. In her resignation letter addressed to the Board, she stated that she is no longer in a position to devote time to the affairs of the company. She expressed gratitude to the Directors and Shareholders for the opportunity to serve on the board.

The filing also disclosed other directorships held by Mrs. Panchal in listed entities. She holds directorships in Kenrik Industries Limited and Raghuvir Exim Limited. The resignation was effective immediately upon submission.

The following table summarizes the key details of the regulatory disclosure:

mather & platt fire systems has announced its audited standalone financial results for the quarter and year ended March 31, 2026. The company reported a significant turnaround, posting a net profit of ₹404.79 lakh for the quarter ended March 31, 2026, compared to a net loss of ₹30.44 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹445.49 lakh.

Financial Performance Overview

The board meeting to consider these results was originally scheduled for May 16, 2026, but was postponed to May 19, 2026, due to unavoidable circumstances. The total income for the quarter ended March 31, 2026, was ₹445.73 lakh, a sharp increase from ₹0.05 lakh in the same period last year. For the full year, the company reported a net profit of ₹382.90 lakh, reversing a net loss of ₹169.89 lakh in the previous fiscal year.

Auditor's Report and Compliance

The statutory auditors, S K Bhavsar & Co., issued an unmodified opinion on the audited standalone financial results. However, the auditors drew attention to significant trade payables where the bifurcation between Micro, Small, and Medium Enterprise (MSME) creditors was not provided, noting that non-disclosure affects regulatory compliance. Additionally, advances paid to suppliers remain unconfirmed, raising concerns regarding the reliability of liabilities.

The company's earnings per share (EPS) for continuing operations improved to ₹14.89 for the quarter, compared to a loss of ₹1.12 per share in the prior year. The paid-up equity share capital remained unchanged at ₹271.93 lakh with a face value of ₹10 each.