MPF Systems Limited Board Meeting Outcome - Appoints Independent Director & Auditor
MPF Systems Limited announced key board appointments during its meeting on April 16, 2026, appointing Ms. Nidhi Joshi as Additional Independent Director for five consecutive years and M/s. Kishan Patel & Associates as Internal Auditor for FY 2026-27. The appointments, made pursuant to SEBI regulations and based on Nomination Committee recommendations, strengthen the company's governance structure and regulatory compliance framework.
*this image is generated using AI for illustrative purposes only.
MPF Systems Limited announced significant board appointments following its meeting held on April 16, 2026. The company made two key appointments to strengthen its governance structure and compliance framework, as disclosed in its regulatory filing to BSE Limited under scrip code 532470.
Board Meeting Outcome
The board meeting, which commenced at 04:25 p.m. and concluded at 05:00 p.m., resulted in important organizational changes pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Based on recommendations from the Nomination and Remuneration Committee, the company appointed Ms. Nidhi Joshi as Additional Independent Director and M/s. Kishan Patel & Associates as Internal Auditor.
| Appointment Details: | Ms. Nidhi Joshi | M/s. Kishan Patel & Associates |
|---|---|---|
| Position: | Additional Independent Director | Internal Auditor |
| Effective Date: | April 16, 2026 | April 16, 2026 |
| Term: | Five consecutive years | FY 2026-27 |
| DIN/FRN: | 11612459 | 151318 |
| Membership No.: | - | 192130 |
Independent Director Profile
Ms. Nidhi Joshi brings valuable qualifications to the board with her commerce background and technical expertise. She holds a Bachelor of Commerce degree from Saurashtra University and a Post Graduate Diploma in Computer Applications. Her professional attributes include attention to detail, analytical approach, and commitment to maintaining high standards of accuracy in her work with a disciplined and process-oriented mindset.
| Director Details: | Information |
|---|---|
| Independence: | No relationships with existing directors |
| Regulatory Compliance: | Not debarred by SEBI or other authorities |
| External Directorships: | None in listed entities |
| Approval Requirements: | Subject to regulatory and shareholder approval |
Internal Auditor Appointment
M/s. Kishan Patel & Associates, a Chartered Accountants firm, was appointed to ensure compliance with Section 138 of the Companies Act, 2013. The firm, established in 2019 and based in Mahesana, brings specialized expertise in various financial and regulatory areas.
| Firm Details: | Information |
|---|---|
| Firm Name: | M/s. Kishan Patel & Associates |
| Registration: | FRN: 151318, Membership No. 192130 |
| Established: | 2019 |
| Office Location: | GF/23, Ashapuri Trade Centre, Nr. Shefali Circle, Detroj Road, Kadi-382715, Gujarat |
| Email: | kpnassociates@outlook.com |
Service Expertise
The newly appointed internal auditor firm provides comprehensive consultancy services across multiple domains including Statutory Audits and Internal Audits, Accounting and Taxation services, Corporate Laws compliance, Goods and Service Tax consultation, Financial Planning and Project Funding, and Management Consultancy services.
Regulatory Compliance
Both appointments demonstrate MPF Systems Limited's commitment to strengthening corporate governance and regulatory compliance. The appointments were made pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities. The disclosure was communicated to the Department of Corporate Services at BSE Limited, maintaining compliance with all statutory requirements for listed entities.
What strategic initiatives might MPF Systems pursue with enhanced governance oversight from the new independent director?
How could the internal audit improvements impact MPF Systems' operational efficiency and cost structure in FY 2026-27?
Will these governance enhancements position MPF Systems for potential expansion into new markets or business segments?
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
