Appointment of Mr. Ajay Shah as Additional Director
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MKVentures Capital Limited held a Board Meeting on May 28, 2026, approving multiple items. The key leadership change is the appointment of Mr. Ajay Shah (DIN: 11403884) as Additional Director, effective immediately, and as Managing Director and CEO subject to shareholder approval. Mr. Ajay Shah brings around 30 years of experience, is a CA and LLB, and joins from EY where he was a senior Investment Banking partner. He worked on landmark deals including PVR-Inox combination and Mastek-Evosys combination. Mr. Madhusudan Kela has been re-designated from Managing Director to Non-Executive, Non-Independent Director. The company also approved audited Q4 and full year FY2025-26 results showing standalone profit of Rs. 1,118.06 Lakhs (up from Rs. 937.70 Lakhs), declared an interim dividend of Rs. 0.25 per share, and appointed M/s. Mahesh Chandra & Associates as Internal Auditor for FY2026-27.
This is a significant leadership transition. The appointment of an experienced external CEO from EY with investment banking expertise could bring fresh strategic direction. The re-designation of the previous Managing Director to non-executive role appears amicable. The company continues to be profitable with strong capital adequacy (CRAR 88.05%) and is returning value to shareholders via dividend.