NewsStocksMPF Systems Limited Appoints Sharang Amar Sharma as Managing Director, Piyush Savalia ResignsMPF Systems Limited Appoints Sharang Amar Sharma as Managing Director, Piyush Savalia Resigns
MPF Systems Limited announced leadership changes on January 13, 2026, appointing Sharang Amar Sharma as Managing Director effective immediately, while Piyush Mansukhbhai Savalia resigned from the same position effective January 15, 2026, due to pre-occupation. The new Managing Director brings marketing expertise and business development experience, with his appointment subject to shareholder approval.
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MPF Systems Limited has announced key leadership changes following its board meeting on January 13, 2026, with the appointment of a new Managing Director and the resignation of the incumbent. The decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
New Managing Director Appointment
The board approved the appointment of Sharang Amar Sharma as Managing Director effective January 13, 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment details are outlined below:
| Parameter | Details |
|---|---|
| Name | Sharang Amar Sharma |
| DIN | 11428567 |
| Designation | Managing Director |
| Effective Date | January 13, 2026 |
| Approval Status | Subject to shareholder approval in ensuing General Meeting |
Sharanga Sharma holds a post-graduate degree in Marketing from a recognized university and brings expertise in Business Development and sales. The newly appointed director has no relationship with existing directors of the company and does not hold directorship in any other listed entities.
Managing Director Resignation
Piyush Mansukhbhai Savalia has resigned from his position as Managing Director, with his resignation taking effect from January 15, 2026. The resignation details are summarized below:
| Parameter | Details |
|---|---|
| Name | Mr. Piyush Mansukhbhai Savalia |
| DIN | 06464445 |
| Resignation Date | January 15, 2026 |
| Reason | Pre-occupation |
| Other Listed Directorships | Nil |
In his resignation letter, Savalia confirmed that there are no other material reasons for his resignation beyond pre-occupation. He expressed appreciation for the cooperation and support received during his tenure and wished the company continued success.
Board Meeting Details
The board meeting was conducted on Tuesday, January 13, 2026, commencing at 5:30 p.m. and concluding at 6:00 p.m. The company has fulfilled all disclosure requirements under SEBI regulations, including the submission of detailed annexures containing director profiles and resignation particulars.
Company Information
MPF Systems Limited, formerly known as Mather & Platt Fire Systems Limited, is registered in Mumbai, Maharashtra. The company operates in the fire systems sector and maintains its registered office at Unit No. B 203, Rustomjee Central Park, Andheri East, Mumbai. The leadership transition represents a significant development in the company's management structure as it continues its business operations.
Historical Stock Returns for JK Tyre & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.38% | -0.80% | +10.81% | +38.94% | +42.37% | +511.15% |
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