MKVentures Capital seeks nod for Ajay Shah as MD
MKVentures Capital has announced a postal ballot to appoint Mr. Ajay Popatlal Shah as Managing Director & CEO for a five-year term from May 28, 2026, to May 27, 2031, following his appointment as an Additional Director. The company reported a standalone net profit of ₹1,118.06 lakh for FY26, with a CRAR of 88.05%.
*this image is generated using AI for illustrative purposes only.
MKVentures Capital has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Ajay Popatlal Shah as Managing Director and Chief Executive Officer for a period of five years. The appointment, subject to regulatory approvals, is proposed to be effective from May 28, 2026, to May 27, 2031. The company has fixed Friday, May 29, 2026, as the cut-off date for determining shareholder eligibility for the remote e-voting process.
The Board of Directors, at its meeting held on May 28, 2026, approved the appointment of Mr. Shah, who brings approximately 30 years of professional experience, including nearly two decades at EY and a decade at KPMG. Consequently, Mr. Madhusudan Kela was re-designated from Managing Director to Non-Executive, Non-Independent Director effective May 28, 2026. The Reserve Bank of India had granted its approval for the appointment via a letter dated April 24, 2026.
The remote e-voting period commences at 09:00 A.M. (IST) on Friday, June 5, 2026, and concludes at 05:00 P.M. (IST) on Saturday, July 4, 2026. Ms. Shruti Somani, a Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the postal ballot process. The results of the voting will be announced on or before Monday, July 6, 2026.
Remuneration Structure
The remuneration payable to Mr. Ajay Popatlal Shah as MD & CEO includes a base salary of ₹50,00,000 per annum, a House Rent Allowance of ₹25,00,000 per annum, and a performance-linked bonus of ₹20,00,000 per annum. The total gross annual salary amounts to ₹1,19,97,500. In the event of inadequate profits, the company will pay the remuneration as minimum remuneration in accordance with Schedule V of the Companies Act, 2013.
Financial Performance
For the financial year ended March 31, 2026, the company reported a standalone net profit of ₹1,118.06 lakh, an increase from ₹937.70 lakh in the previous year. Total income for the year stood at ₹1,987.15 lakh, while total expenses were ₹622.33 lakh. The Capital to risk-weighted assets ratio (CRAR) was reported at 88.05% as of March 31, 2026.
| Metric | Year Ended Mar 31, 2026 (₹ Lakh) | Year Ended Mar 31, 2025 (₹ Lakh) |
|---|---|---|
| Total Income | 1,987.15 | 2,752.07 |
| Total Expenses | 622.33 | 1,454.64 |
| Profit Before Tax | 1,364.82 | 1,297.44 |
| Net Profit | 1,118.06 | 937.70 |
| Earnings Per Share (Basic) | 29.09 | 24.40 |
Historical Stock Returns for MK Ventures Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.82% | -6.28% | -9.86% | -22.76% | -38.99% | +4,117.90% |
How will Mr. Shah's extensive background in Big Four consulting influence the company's strategic direction and risk management practices?
What specific growth targets or strategic shifts does the board expect to achieve under Mr. Shah's five-year tenure given the decline in total income?
How will the re-designation of Mr. Kela to a non-executive role impact the company's day-to-day operations and continuity of leadership?
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