StockWatch
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Investment Company
Management Change28 Sept 2026, 06:20 pm

Mkventures Capital Director Resigns Due to Shareholding Conflict

AI Summary

Mrs. Shruti Mimani has resigned as an Independent Director of Mkventures Capital Limited, effective immediately. Her resignation stems from her relatives acquiring 1,63,544 equity shares, approximately 4% of the company's voting share capital, on September 23, 2026. This acquisition created circumstances affecting her eligibility to continue as an Independent Director under the Companies Act, 2013, and SEBI Regulations. She confirmed no other material reason for her resignation. The company will complete necessary statutory and regulatory filings.

Key Highlights

  • Independent Director Mrs. Shruti Mimani resigns from Mkventures Capital.
  • Resignation due to relatives' acquisition of 4% shareholding.
  • Shareholding exceeds permissible limits for independent directors.
  • Compliance with Companies Act and SEBI Regulations cited as reason.