StockWatch
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Investment Company
Management Change28 May 2026, 06:46 pm

MKVentures Capital Appoints Ajay Shah as MD & CEO

AI Summary

MKVentures Capital Limited's Board of Directors approved the appointment of Mr. Ajay Shah as an Additional Director, and subsequently as the Managing Director and Chief Executive Officer (CEO), subject to member approval. Concurrently, Mr. Madhusudan Kela has been 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 FY2025-26, with June 05, 2026, as the record date. M/s. Mahesh Chandra & Associates were appointed as Internal Auditors for FY2026-27. A postal ballot notice for seeking member approvals was also approved.

Key Highlights

  • Ajay Shah appointed as Additional Director, then MD & CEO, pending member approval.
  • Madhusudan Kela re-designated to Non-Executive, Non-Independent Director.
  • Board approved Audited Financial Results for Q4 and FY2026.
  • Interim dividend of ₹0.25 per equity share declared for FY2026.
  • M/s. Mahesh Chandra & Associates appointed as Internal Auditors for FY2027.