Outcome of the Board Meeting held on Thursday, 16th April, 2026
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MPF Systems Limited's Board of Directors met on April 16, 2026, and made two key appointments. First, Ms. Nidhi Joshi was appointed as an Additional Director in the Non-Executive Independent Director category for a five-year term, effective immediately, though her appointment is subject to approval by shareholders and regulatory authorities. Ms. Joshi holds a BCom degree and PGDCA, with no existing relationship with current directors or listed entity directorships. Second, the Board appointed M/s. Kishan Patel & Associates, a Chartered Accountants firm based in Gujarat established in 2019, as the company's Internal Auditor for the financial year 2026-27 to comply with Section 138 of the Companies Act, 2013. The board meeting lasted 35 minutes, commencing at 4:25 PM and concluding at 5:00 PM.
The appointment of an additional independent director enhances the company's board governance and independence, which is generally positive for shareholders. The appointment of a new internal auditor ensures regulatory compliance with statutory requirements.