MPF Systems Ltd Appoints Ms. Nidhi Joshi as Additional Director and Retains Internal Auditor
MPF Systems Ltd announced key outcomes from its Board of Directors meeting held on Thursday, April 16, 2026. The Board approved the appointment of Ms. Nidhi Joshi as an Additional Director and appointed M/s Kishan Patel & Associates, Chartered Accountants, as the company’s Internal Auditor for the financial year 2026-27.According to the company, the Board took action based on recommendations from the Nomination and Remuneration Committee. Ms. Nidhi Joshi (DIN: 11612459) has been appointed as a Non-Executive Independent Director, effective April 16, 2026. This directorship is set for a period of five consecutive years, subject to the approval of regulatory and statutory authorities and the company’s shareholders at the General Meeting.
Details regarding Ms. Joshi's appointment include her educational background and relationship status:
| Category | Details |
|---|---|
| Role | Additional Director (Non-Executive Independent Director) |
| Date of Appointment | April 16, 2026 |
| Profile | Ms. Nidhi Joshi is a commerce graduate, holding a Bachelor of Commerce (BCom) from Saurashtra University and a Post Graduate Diploma in Computer Applications (PGDCA). She is noted for her attention to detail, analytical approach, and commitment to high standards of accuracy. |
| Director Relationships | The newly appointed Director has no relationship with the existing Directors of the Company. |
| Listed Entities | None |
Internal Auditor Appointment
The Board also appointed M/s Kishan Patel & Associates, Chartered Accountants, (FRN: 151318) as the Internal Auditor for the financial year 2026-27. This appointment was made in compliance with Section 138 of the Companies Act, 2013.Details about the appointed auditor and the appointment process are as follows:
| Particulars | Details |
|---|---|
| Name of Auditor | M/s Kishan Patel and Associates, Chartered Accountants (FRN No. 151318) |
| Reason for Appointment | To comply with the provisions of Section 138 of the Companies Act, 2013. |
| Date of Appointment | April 16, 2026 |
| Term of Appointment | FY 2026-27 |
| Auditor Expertise | Kishan Patel and Associates is based in Mahesana, established in 2019. The firm provides consultancy expertise in Audits, Accounting, Taxation, Corporate Laws, Goods and Service Tax, Financial Planning, Project Funding, and Management Consultancy, specializing in Statutory Audits, Tax Planning, Internal Audits, and Project Funding. |
| Relationship Status | The auditor is not related to any Director of the Company. |
Stock Price Movement
MPF Systems Ltd settled at ₹96.09 on Monday, registering a zero change for the day. The shares remained completely flat, locked into a single price point of ₹96.09 throughout the entire trading session.Source:
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