Outcome of the Board Meeting
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MPF Systems Ltd's Board of Directors met on May 19, 2026, and approved the audited financial results for Q4 and FY ended March 31, 2026. The company reported a strong turnaround with net profit of Rs. 382.90 lakhs for FY26 compared to a net loss of Rs. 169.69 lakhs in FY25. Revenue from operations increased to Rs. 43.49 lakhs in Q4 FY26 from Rs. 5.49 lakhs in Q4 FY25. Total assets grew to Rs. 655.21 lakhs from Rs. 237.61 lakhs. The Board also appointed M/s Pooja M Patel & Associates as Secretarial Auditor for 5 years (April 2026 to March 2031), subject to shareholder approval. The Statutory Auditors issued an unmodified opinion but raised concerns about non-disclosure of MSME trade payables classification and unconfirmed supplier advances affecting financial transparency.
Positive turnaround from losses to profits with strong revenue growth. However, auditors flagged MSME compliance gaps and unconfirmed supplier advances that could affect reliability of reported liabilities. Cash position declined significantly from Rs. 32.15 lakhs to Rs. 2.22 lakhs.