Morarka Finance Limited has announced a leadership transition involving Mr. Pranay G. Morarka, who resigned from his position as Chief Executive Officer effective April 24, 2026, while simultaneously being appointed as Managing Director of the company.

Leadership Transition Details

The company filed regulatory disclosures with BSE Limited on April 30, 2026, providing complete documentation of the executive changes. The transition involves both a cessation and an appointment for the same individual.

Regulatory Compliance

Company Secretary Divya Agarwal submitted the required disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission referenced the SEBI Master Circular dated January 30, 2026, ensuring full regulatory compliance.

The company noted that Mr. Morarka's resignation letter from the CEO position was inadvertently omitted from the initial April 23, 2026 submission and was subsequently provided to complete the regulatory filing requirements.

Transition Statement

In his resignation letter dated April 23, 2026, Mr. Pranay G. Morarka expressed gratitude to the Board for their trust and support during his tenure as CEO. He emphasized his commitment to ensuring a smooth transition and continued dedication to the organization's growth and success in his new role.

The Managing Director appointment remains subject to shareholder approval at the company's forthcoming 41st Annual General Meeting, representing standard corporate governance procedures for such executive appointments.

Corporate Information

Morarka Finance Limited operates from its registered office at 511, Maker Chambers V, 221, Nariman Point, Mumbai. The company trades on BSE Limited under scrip code 511549 and maintains its corporate website at www.morarkafinance.in .

Morarka Finance Limited reported its audited financial results for the quarter and year ended March 31, 2026, during a Board meeting held on April 23, 2026. The company published these results in Business Standard (English) and Mumbai Lakshdeep (Marathi) newspapers on April 24, 2026, in compliance with SEBI regulations.

Financial Performance Overview

For the financial year ended March 31, 2026, the company reported a net profit of ₹143.04 lakhs, representing a decline from ₹279.84 lakhs in the previous year. Total income stood at ₹222.19 lakhs compared to ₹372.98 lakhs in FY25. The company's total assets increased to ₹11,699.54 lakhs as of March 31, 2026, from ₹9,619.33 lakhs in the previous year.

Key Board Decisions and Corporate Actions

The Board recommended a dividend of ₹1.50 per equity share (15%) on shares of ₹10 face value each, subject to shareholder approval at the 41st Annual General Meeting. The record date for dividend eligibility is July 8, 2026, with the AGM scheduled for July 15, 2026, at 12:00 noon IST through video conferencing.

In a significant leadership transition, Mr. Pranay G. Morarka was appointed as Managing Director (Additional Director) for a five-year term from April 24, 2026, to April 23, 2031, subject to shareholder approval. He previously served as Chief Executive Officer since 2014 and ceased to be CEO effective April 24, 2026.

Leadership Changes and Governance

The Board noted the resignation of Ms. Kalluri Savitha Rao as Non-Executive Director from April 13, 2026, due to personal and professional priorities. Following her resignation, the Nomination & Remuneration Committee was reconstituted with Ms. Nina Chatrath as Chairperson and three other members including Ms. Divya Rao, Shri Arun Tulsian, and Ms. Priyanka G. Morarka.

Regulatory Compliance and Publication

The company fulfilled its regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing the audited financial results extract in newspapers on April 24, 2026. The auditors issued an unmodified opinion on the financial results, and the complete results are available on BSE website and the company's investor relations portal. The company confirmed it has no subsidiary, associate, or joint venture companies as of March 31, 2026.