Announcement under Regulation 30 (LODR) - Appointment of Mr. Sanket Rathi as the Chief Compliance Officer in accordance with the applicable RBI Guidelines.
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Mkventures Capital Ltd, an RBI-regulated NBFC, announced sweeping top-level changes at its board meeting on December 19, 2025. Mr. Ajay Shah, a CA and LLB with around 30 years of experience (including nearly two decades at EY as a senior Investment Banking partner and 10 years at KPMG), has been appointed as Additional Director with a proposal to appoint him as Managing Director & CEO, subject to RBI and shareholder approvals. Mr. Madhusudan Kela, the current Managing Director, will be re-designated as Non-Executive, Non-Independent Chairman once the new CEO is in place. Separately, Mr. Sanket Rathi's role was elevated to Company Secretary & Chief Compliance Officer (CCO) for a five-year term, in line with RBI guidelines. The board has authorised filings to seek RBI regulatory approvals for these changes.
For shareholders, this signals a shift toward professional, institutional leadership as an experienced investment banker takes over day-to-day operations, while the existing MD moves to a non-executive oversight role. The change could be viewed as a governance upgrade, though final appointments remain subject to RBI and shareholder approval, creating some near-term uncertainty.