New MD appointed, old MD quits, travel business added to objects
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MPF Systems board on June 20, 2026 approved: appointment of Parshottambhai Rupareliya as new MD replacing Sharang Sharma who resigned; Narendrakumar Raval as new Independent Director; shift of registered office within Mumbai; and amendment to MOA adding travel and tourism business to company objects. 33rd AGM fixed for July 14, 2026. New MD has 5 years travel industry experience and is brother of existing Executive Director Kurjibhai Rupareliya.
Major leadership change and a pivot into travel and tourism raises questions about the company's core fire systems direction for shareholders.