
Management Change28 May 2026, 06:52 pm
MKVentures Capital Appoints Ajay Shah as MD & CEO, Re-designates Kela
AI Summary
MKVentures Capital Limited's Board of Directors, at its meeting on May 28, 2026, approved significant management changes. Mr. Ajay Shah was appointed as an Additional Director, and subsequently as Managing Director and Chief Executive Officer (CEO), subject to member approval. Concurrently, Mr. Madhusudan Kela was re-designated from his position as Managing Director to Non-Executive, Non-Independent Director. The Board also approved the audited financial results for Q4 and FY ended March 31, 2026, appointed M/s. Mahesh Chandra & Associates as Internal Auditors for FY 2026-27, and declared an interim dividend of ₹0.25 per equity share for FY 2025-26. A Postal Ballot Notice was also approved.
Key Highlights
- Mr. Ajay Shah appointed as Additional Director, then MD & CEO (subject to approval).
- Mr. Madhusudan Kela re-designated to Non-Executive, Non-Independent Director.
- Board approved audited financial results for Q4 and FY ended March 31, 2026.
- M/s. Mahesh Chandra & Associates appointed as Internal Auditors for FY27.
- Interim dividend of ₹0.25 per share declared for FY26; record date June 5, 2026.
Price Impact
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