StockWatch
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Investment Company
Management Change28 May 2026, 07:40 pm

MKVentures: Kela Re-designated, Shah Appointed MD & CEO

AI Summary

MKVentures Capital Limited's Board of Directors, at its meeting on May 28, 2026, approved several key changes and financial outcomes. Mr. Madhusudan Kela was re-designated from Managing Director to Non-Executive, Non-Independent Director, effective May 28, 2025. Simultaneously, Mr. Ajay Shah was appointed as an Additional Director and, subject to member approval, as the new Managing Director and Chief Executive Officer. The Board also approved the Audited Financial Results for the quarter and financial year ended March 31, 2026. An interim dividend of ₹0.25 per equity share for FY 2025–26 was declared, with June 05, 2026, set as the Record Date. Additionally, M/s. Mahesh Chandra & Associates were appointed as Internal Auditors for FY 2026–27.

Key Highlights

  • Madhusudan Kela re-designated to Non-Executive, Non-Independent Director.
  • Ajay Shah appointed Additional Director and proposed MD & CEO.
  • 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.