Announcement under Regulation 30 (LODR) - On the Recommendation of the Nomination & Remuneration Committee, approved the proposal for appointment of Mr. Ajay Shah (DIN: 11403884) as an ....
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MKventures Capital's board, at a meeting on December 19, 2025, approved the appointment of Mr. Ajay Shah (DIN: 11403884) as Additional Director and Managing Director & CEO, subject to RBI and shareholder approvals. Mr. Shah is a CA and LLB with around 30 years of experience, most recently as a senior Investment Banking partner at EY for nearly two decades, where he advised on deals like the PVR-Inox and Mastek-Evosys combinations. The board also re-designated Mr. Madhusudan Kela from Managing Director to Non-Executive, Non-Independent Chairman. Additionally, Mr. Sanket Rathi's designation was revised to Company Secretary & Chief Compliance Officer for a five-year term. The company will seek RBI approvals for these changes.
This is a significant leadership transition bringing in a high-profile external professional (ex-EY partner) as CEO, which could be viewed positively for governance and execution capability. However, the appointment is contingent on RBI and shareholder approvals, so timelines remain uncertain for shareholders.