New MD appointed at MPF Systems, company adds travel business
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MPF Systems appointed Parshottambhai Rupareliya as Managing Director from June 20, 2026, replacing Sharang Sharma who resigned for personal and professional reasons. The new MD is the brother of existing Executive Director Kurjibhai Rupareliya and has a travel industry background. The board also added travel and tourism services to the company's objects clause, hinting at a business pivot away from fire systems. Narendrakumar Raval, a banker with 39 years of experience, joined as Independent Director. The 33rd AGM is set for July 14, 2026.
Family-linked MD with no fire systems experience plus new travel business object signal a major strategic pivot that investors should track closely at the AGM.