Appointment of Internal Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MKVentures Capital Limited held its Board meeting on May 28, 2026, approving multiple key decisions. The company reported standalone FY26 revenue of Rs. 1,987.15 Lakhs with net profit of Rs. 1,118.08 Lakhs, compared to Rs. 2,752.07 Lakhs revenue and Rs. 937.70 Lakhs profit in FY25. Consolidated net profit for FY26 stood at Rs. 1,105.69 Lakhs. The auditors issued an unmodified opinion. In leadership changes, Mr. Ajay Shah (CA, LLB with ~30 years experience, previously Senior Investment Banking Partner at EY for nearly two decades) was appointed as Additional Director and Managing Director & CEO, subject to shareholder approval. Mr. Madhusudan Kela was re-designated from Managing Director to Non-Executive, Non-Independent Director. The board also appointed M/s. Mahesh Chandra & Associates as Internal Auditors for FY 2026-27 and declared an interim dividend of Rs. 0.25 per share (record date June 5, 2026).
The appointment of an experienced external CEO from EY with investment banking expertise signals potential strategic direction change and value creation focus. The interim dividend provides immediate shareholder returns while the financial results show improved profitability despite lower revenue compared to the previous year.