MD exits, family member appointed as new MD; 33rd AGM on July 14
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MPF Systems board on June 20, 2026 accepted the resignation of Managing Director Sharang Sharma (personal and professional reasons) and appointed Parshottambhai Rupareliya as new Managing Director. The new MD is the brother of existing Executive Director Kurjibhai Rupareliya and comes from a travel industry background. Narendrakumar Raval was added as Independent Director. The board added travel and tourism business to its main objects and shifted the registered office within Mumbai. 33rd AGM is fixed for July 14, 2026 with e-voting from July 11 to 13.
Top leadership change with a family member taking over as MD and an apparent strategic shift toward the travel and tourism business.