StockWatch
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Investment Company
Management Change28 May 2026, 07:47 pm

MKVentures appoints Ajay Shah as MD & CEO; Kela re-designated

AI Summary

MKVentures Capital Limited's Board of Directors approved several key decisions. Mr. Ajay Shah was appointed as an Additional Director and subsequently as the Managing Director and Chief Executive Officer, subject to member approval. Concurrently, Mr. Madhusudan Kela was re-designated from Managing Director to Non-Executive, Non-Independent Director. The Board also approved the audited financial results for the quarter and financial year ended March 31, 2026, and declared an interim dividend of ₹0.25 per equity share for FY 2025-26, with June 05, 2026, as the record date. Additionally, M/s. Mahesh Chandra & Associates were appointed as Internal Auditors, and a Postal Ballot Notice was approved.

Key Highlights

  • Ajay Shah appointed as Additional Director, then MD & CEO (subject to member approval).
  • Madhusudan Kela re-designated from MD to Non-Executive, Non-Independent Director.
  • Board approved Q4 and FY26 audited financial results.
  • Interim dividend of ₹0.25 per share declared for FY26.
  • M/s. Mahesh Chandra & Associates appointed as Internal Auditors.