Appointment of Mr. Ajay Shah as CEO of the Company
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MKVentures Capital Limited's board meeting on May 28, 2026 approved multiple items including the appointment of Mr. Ajay Shah as Managing Director and Chief Executive Officer, subject to shareholder approval. Mr. Ajay Shah is a CA and LLB qualified professional with ~30 years of experience, previously a senior investment banking partner at EY. The prior Managing Director, Mr. Madhusudan Kela, has been re-designated to a Non-Executive, Non-Independent Director role. The board also approved audited Q4 and FY2026 standalone financial results showing profit after tax of Rs 1,118.06 lakhs (vs Rs 937.70 lakhs YoY), declared an interim dividend of Rs 0.25 per equity share, and appointed M/s Mahesh Chandra & Associates as internal auditors for FY2026-27.
Appointment of a senior investment banking professional from EY as CEO signals a strategic shift in leadership. The re-designation of the prior MD and the shareholding unchanged (384.35 lakhs shares) suggests a controlled transition. The company posted improved full-year earnings with a ~19% rise in PAT YoY.