Re-designation of Mr. Madhusudan Kela
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MKVentures Capital Limited held a Board meeting on May 28, 2026, approving several key decisions. The Board re-designated Mr. Madhusudan Kela from Managing Director to Non-Executive, Non-Independent Director. Concurrently, Mr. Ajay Shah was appointed as Additional Director and Managing Director & CEO (subject to shareholder approval). Mr. Shah brings around 30 years of experience, having worked at EY and KPMG as a senior Investment Banking partner. The company also approved audited financial results for FY 2025-26, reporting standalone profit after tax 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 Auditors for FY 2026-27.
The leadership transition from Mr. Kela to Mr. Shah represents a significant change in executive control. Mr. Shah's strong investment banking background from EY and KPMG may bring fresh strategic direction. The company reported improved profitability and declared a dividend, which are positive signals for shareholders.