Appointment of Internal Auditor of the Company for FY 2026-27
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The Board of Directors of MPF Systems Ltd appointed M/s. Kishan Patel & Associates, a Chartered Accountants firm based in Kadi, Gujarat (FRN: 151318), as Internal Auditor for the Financial Year 2026-27, effective 16th April 2026. This appointment is made to comply with Section 138 of the Companies Act, 2013. The firm was established in 2019 and provides services in audits, taxation, corporate laws, GST, and financial planning. The board also appointed Ms. Nidhi Joshi as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder and regulatory approval. The board meeting lasted 35 minutes.
This is a routine compliance appointment ensuring the company meets its statutory internal audit requirements under the Companies Act 2013. No immediate impact on stock price expected. The appointment of an independent director may slightly improve governance perception.