Please find enclosed herewith the Outcome of Thirty-Fourth (34th) Annual General Meeting held on September 25, 2025.
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MKVentures Capital Limited held its 34th AGM on September 25, 2025 via video conferencing, chaired by Mr. Madhusudan Kela (Chairman & Managing Director). Six directors attended, and 6 business items were transacted, including adoption of FY25 financial statements, declaration of dividend, re-appointment of Mr. Sumit Bhalotia as director, appointment of S K Patodia & Associates LLP as Statutory Auditors, approval of material related party transactions, and appointment of M/s. Shruti Somani as Secretarial Auditors. The Chairman shared key financials: net worth grew 10% to INR 102.8 crore, while the loan book shrank from INR 69.5 crore to INR 53.9 crore (net loan book at INR 44.16 crore). Consolidated PAT stood at INR 9.5 crore for FY25, despite one specific exposure being classified as an NPA, for which 80% was conservatively provided. No qualifications were reported by the Statutory or Secretarial Auditors. E-voting results are pending and will be announced separately.
The AGM covered routine business but the chairman's speech signals caution: shrinking loan book and an NPA classification with 80% provisioning likely weigh on near-term profitability, even as net worth grew. Shareholders should watch for the e-voting results and any dividend quantum, as these will directly affect stock sentiment.