Morarka Finance Limited appointed Mr. Pranay G. Morarka as Managing Director for a five-year term effective from April 24, 2026, to April 23, 2031, at its 41st Annual General Meeting held on July 15, 2026. The appointment, subject to necessary approvals including the Reserve Bank of India (RBI), elevates Mr. Morarka from his previous role as Managing Director (Additional) and CEO. Shareholders approved the resolution with 100% of the votes polled, securing 2,535,459 votes in favour. The meeting also ratified the declaration of a dividend for the financial year ended March 31, 2026, and the adoption of the audited financial statements for FY26.

Key Resolutions Passed

The meeting, conducted via video conferencing, saw the adoption of audited financial statements for FY26 and the ratification of a related party transaction with Dwarikesh Sugar Industries Limited. Shareholders also re-appointed Ms. Priyanka G. Morarka as Director and approved the remuneration for the new Managing Director. All resolutions were passed with the requisite majority.

Director Profile and Relationships

Mr. Pranay G. Morarka holds a Bachelor of Mass Media degree from the University of Mumbai. He is the son of Shri Gautam R. Morarka, the Chairman of the meeting, and the brother of Ms. Priyanka G. Morarka. The company affirmed that he is not debarred from holding the office of Director by SEBI or any other authority.

Procedural Compliance

The proceedings were compliant with the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Shri Vijay Kumar Mishra of M/s. VKM & Associates served as the Scrutinizer for the e-voting process, which was available from July 12 to July 14, 2026. A total of 87 members participated in the voting process.

Morarka Finance Limited has fixed Wednesday, July 8, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1.5 per equity share. This dividend, recommended by the Board of Directors on April 23, 2026, is subject to shareholder approval at the upcoming Annual General Meeting and pertains to the financial year ended March 31, 2026. The company has communicated the availability of the Annual Report for FY2025-26 and the AGM notice to shareholders who have not registered their email addresses, in compliance with Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The 41st Annual General Meeting is scheduled for Wednesday, July 15, 2026, at 12.00 noon IST via Video Conferencing. The Register of Members and Share Transfer Books will remain closed from July 9, 2026, to July 15, 2026, for the AGM and dividend purposes. Shareholders holding physical shares are reminded to update KYC details, including PAN and nomination, to ensure eligibility for dividend payments, as mandated by SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 07, 2024.

Remote e-voting facilities will be available from July 12, 2026, at 9.00 a.m. until July 14, 2026, at 5.00 p.m. Shareholders who have not voted remotely may participate via e-voting during the AGM. The Notice of the AGM and Annual Report are accessible on the company's website, specifically at the investor relations path, and will be dispatched electronically unless a physical copy is requested.