Appointment of Mr. Ajay Shah as Managing Director and CEO subject to Approval of CEO
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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 and approved several key items. The company reported audited standalone profit of Rs. 1118.06 lakhs for FY 2025-26, a significant turnaround from Rs. 534.85 lakh loss in Q4 FY 2024-25. Total income stood at Rs. 1987.15 lakhs. The board appointed Mr. Ajay Shah (DIN: 11403884), a former senior investment banking partner at EY with ~30 years experience, as Additional Director and proposed him as Managing Director & CEO subject to shareholder approval via postal ballot. Mr. Madhusudan Kela was re-designated from Managing Director to Non-Executive, Non-Independent Director. The board also declared an interim dividend of Rs. 0.25 per equity share and appointed M/s. Mahesh Chandra & Associates as internal auditor for FY 2026-27. The trading window will reopen from June 1, 2026.
The leadership transition from Mr. Madhusudan Kela to Mr. Ajay Shah (an experienced investment banker from EY) could signal a strategic pivot, potentially benefiting the NBFC's advisory and investment business. The company's strong financial turnaround and high capital adequacy (CRAR 88.05%) provide a solid foundation for the new leadership.