Appointment of the Additional Independent Director of the Company
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MPF Systems Ltd's Board of Directors, in a meeting held on April 16, 2026, appointed Ms. Nidhi Joshi (DIN: 11612459) as an Additional Director in the category of Non-Executive Independent Director, effective immediately. The appointment is for a five-year term but is subject to approval by regulatory/statutory authorities and shareholders at a General Meeting. Ms. Joshi holds a BCom degree and a Post Graduate Diploma in Computer Applications. She has no prior directorships in listed entities and has confirmed she is not debarred from holding the office of Director. Separately, the Board appointed M/s. Kishan Patel & Associates as Internal Auditor for FY 2026-27 to comply with Section 138 of the Companies Act, 2013. The board meeting lasted 35 minutes.
Appointment of an independent director strengthens board governance and fulfils regulatory compliance requirements. The appointment is positive for corporate governance standards, though shareholder approval is still pending.