Re-designation of Mr. Madhusudan Kela as Non-Executive Non-Independent Director
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MKVentures Capital Limited held a Board meeting on May 28, 2026, approving multiple items including audited financial results for FY 2026. The company reported standalone net profit of Rs. 1,118.06 Lakhs for the year ended March 31, 2026, compared to Rs. 937.70 Lakhs in the previous year. Key leadership changes include appointment of Mr. Ajay Shah (formerly from EY with 30 years of experience) as Managing Director and CEO, subject to shareholder approval. Mr. Madhusudan Kela has been re-designated from Managing Director to Non-Executive Non-Independent Director effective May 28, 2026. The company also declared an interim dividend of Rs. 0.25 per equity share and appointed M/s Mahesh Chandra & Associates as Internal Auditors for FY 2026-27.
The appointment of an external CEO from a Big 4 firm signals new strategic direction, while the re-designation of the former Managing Director to a non-executive role indicates a governance transition. The company remains profitable with a strong CRAR of 88.05%.