MK Ventures Capital Limited has formally announced comprehensive leadership changes following its board meeting held on December 19, 2025. The board unanimously approved several key appointments that will reshape the company's executive structure, with all decisions requiring regulatory approvals and statutory compliances.

Board Meeting Outcomes

The board meeting, which commenced at 3:31 PM and concluded at 3:42 PM, addressed multiple strategic appointments based on recommendations from the Nomination Remuneration Committee. The company has filed the outcome under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with BSE scrip code 514238.

Key Leadership Appointments

The board approved multiple strategic appointments to strengthen the company's leadership structure:

Executive Profile and Experience

Ajay Shah brings approximately 30 years of professional experience to MK Ventures Capital. His qualifications include Chartered Accountancy (CA) and Bachelor of Laws (LLB) credentials. Shah joins from EY, where he served for nearly two decades as a senior Investment Banking partner.

His professional background encompasses strong commercial acumen in advising Indian promoters and corporates on their value creation journey. He has worked on multiple landmark deals across various industries, with recent transactions including PVR-Inox combination, Mastek-Evosys combination, and Avanse acquisition by Warburg Pincus. Prior to EY, Shah worked with KPMG for approximately 10 years.

Organizational Changes and Compliance

Sanket Rathi's appointment as Chief Compliance Officer represents an expansion of his current role as Company Secretary. His designation will be revised to Company Secretary & Chief Compliance Officer, effective immediately for a five-year period in accordance with applicable RBI Guidelines.

Madhusudhan Kela will transition from his current role as Managing Director to become Non-Executive, Non-Independent Chairman of the company. This change will take effect subject to the appointment of Ajay Shah as Managing Director & CEO.

Regulatory Framework

All appointments require comprehensive regulatory compliance. The board has authorized Sanket Rathi and any Director to make necessary applications, submissions, and representations to the Reserve Bank of India for obtaining required regulatory approvals.

The appointment date for Ajay Shah will be fixed upon receipt of RBI approval and subject to member approval. The company has confirmed that Ajay Shah is not debarred from holding the office of Director pursuant to any SEBI order or any other authority.

MK Ventures Capital Limited has announced key dates for its proposed final dividend payment, signaling a move to reward its shareholders for the financial year ended March 31, 2025.

Dividend Details

The company has fixed September 19, 2025, as the record date for determining shareholder eligibility for a final dividend of ₹0.25 per equity share. This dividend applies to shares with a face value of ₹10 each.

Approval Process

The dividend recommendation is subject to approval at the upcoming Annual General Meeting (AGM) scheduled for September 25, 2025. This proposal follows the Board of Directors' recommendation made during their meeting held on August 7, 2025.

Payment Timeline

If approved by shareholders at the AGM, MK Ventures Capital Limited plans to disburse the dividend on or before October 25, 2025. The company notes that the payment will be subject to tax deduction at source, as per applicable regulations.

Corporate Governance

In compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MK Ventures Capital Limited has duly informed the BSE Limited about the record date and other relevant details of the proposed dividend payment.

Company Information

MK Ventures Capital Limited, with its registered office in Mumbai, operates under the CIN: L17100MH1991PLC059848. The company's shares are listed on the BSE.

This dividend announcement comes as part of the company's financial results for the year ended March 31, 2025, reflecting its commitment to delivering value to its shareholders.