Annual General Meeting to be held on Friday, 19th September, 2025
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MPF Systems Limited (formerly Mather & Platt Fire Systems) has called its 32nd AGM for Friday, 19th September 2025 at 2:30 PM, to be held at its registered office in Andheri East, Mumbai. The meeting comes shortly after NCLT Mumbai approved a Resolution Plan on 15th October 2024, ending the company's Corporate Insolvency Resolution Process (CIRP) that began in November 2023. Ordinary business includes adopting audited FY25 (ended 31 March 2025) financial statements, re-appointing statutory auditors M/s S K Bhavsar & Co. for 4 years, and re-appointing a retiring director. Special business includes confirming Mr. Piyush Savalia as Managing Director for 5 years, approving two new Independent Directors (Mr. Vivek Patoriya and Ms. Arzoo Rabari) for 5-year terms, regularising a Non-Executive Director, and appointing Ms. Krina Gokulkumar Shah as Secretarial Auditor for 5 years (FY26 to FY30). E-voting via NSDL runs from 16-18 September 2025, with the cut-off date set as 12 September 2025.
Shareholders are being asked to formalise a completely new board and management team under the NCLT-approved Resolution Plan, marking the company's operational restart after exiting insolvency. Execution of the resolution plan and performance of the new leadership will be the key things to watch, while existing shareholders may also want to note potential dilution depending on the plan's terms.