Please find enclosed Postal Ballot Notice.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MKVentures Capital Limited has issued a Postal Ballot Notice seeking shareholder approval (via e-voting) for two ordinary resolutions. The first is the appointment of Mr. Ajay Popatlal Shah (DIN: 11403884) as Director of the company. The second is his appointment as Managing Director & CEO for a 5-year term from May 28, 2026 to May 27, 2031. Mr. Shah is a Chartered Accountant and Law graduate with about 30 years of experience, including nearly two decades at EY as a senior Investment Banking Partner and around 10 years at KPMG. His proposed gross annual salary is about ₹1.2 crore (Base ₹50L + HRA ₹25L + Other allowances ₹20.2L + Fuel ₹4.8L + Performance bonus ₹20L). The Reserve Bank of India approved his appointment via letter dated April 24, 2026. E-voting will run from June 5, 2026 to July 4, 2026, with results to be announced by July 6, 2026.
This is a leadership transition – a new MD & CEO with strong investment banking background is being formally inducted for a 5-year term, which could influence strategic direction. For shareholders, the only action required is to cast an e-vote on the resolutions before July 4, 2026; no immediate material impact on stock price is expected from the notice itself.