Morarka Finance FY26 Results: Profit ₹143.04L, 15% Dividend, MD Appointment

Morarka Finance Limited's Board of Directors adopted the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on April 23, 2026. The meeting, conducted through video conferencing from 12:15 p.m. to 2:20 p.m., addressed several key corporate decisions including dividend recommendation, leadership changes, and committee reconstitution. The auditors issued an unmodified opinion on the financial results.

For the financial year ended March 31, 2026, the company reported a profit of ₹143.04 lakh, a decline from ₹279.84 lakh in the previous year. Total income stood at ₹222.19 lakh compared to ₹372.98 lakh in FY25. The company's total assets increased to ₹11,699.54 lakh as of March 31, 2026, from ₹9,619.33 lakh in the previous year. Investments constituted the largest asset category at ₹11,571.10 lakh.

Financial Performance Summary

Particulars:	Year Ended March 31, 2026 (₹ in Lakhs)	Year Ended March 31, 2025 (₹ in Lakhs)
Total Income:	222.19	372.98
Total Expenses:	55.77	55.98
Profit for the Period:	143.04	279.84
Total Assets:	11,699.54	9,619.33
Equity Share Capital:	450.21	450.21
Basic Earnings Per Share (₹):	3.18	6.22

Key Board Decisions

The Board recommended a dividend of ₹1.5 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. The AGM is scheduled for July 15, 2026, at 12:00 noon IST through video conferencing. The Register of Members will remain closed from July 9 to July 15, 2026.

In a significant leadership transition, Mr. Pranay G. Morarka, who served as Chief Executive Officer since 2014, was appointed as Managing Director (Additional Director) for a five-year term from April 24, 2026, to April 23, 2031, subject to shareholder approval. Consequently, he ceased to be CEO effective April 24, 2026. Mr. Morarka holds a Bachelor of Mass Media degree from the University of Mumbai and is recognized for his pivotal role in driving the company's strategic growth and operational efficiency.

Leadership and Governance Changes

Position:	Details
Managing Director Appointment:	Mr. Pranay G. Morarka (DIN: 03272263)
Term Duration:	5 years (April 24, 2026 - April 23, 2031)
Previous Role:	Chief Executive Officer since 2014
Family Relations:	Son of Shri Gautam R. Morarka, brother of Ms. Priyanka G. Morarka
Internal Auditor:	Mr. Satyaprakash Maheshwari for FY 2026-27

The Board noted the resignation of Ms. Kalluri Savitha Rao as Non-Executive Director from April 13, 2026, due to personal and professional priorities. Mr. Satyaprakash Maheshwari was appointed as Internal Auditor for the financial year 2026-27, bringing over 20 years of experience in audit, accounts, taxation, and financial compliance.

Committee Reconstitution

Following Ms. Rao's resignation, the Nomination & Remuneration Committee was reconstituted with the following composition:

Role:	Member
Chairperson:	Ms. Nina Chatrath (Non-Executive Independent Director)
Members:	Ms. Divya Rao (Non-Executive Independent Director)
	Shri Arun Tulsian (Non-Executive Independent Director)
	Ms. Priyanka G. Morarka (Non-Executive Promoter Director)

The company confirmed it has no subsidiary, associate, or joint venture companies as of March 31, 2026. The meeting was formally concluded at 2:20 p.m., with all decisions documented for regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.37%	+5.23%	+21.87%	-44.95%	-50.27%	+78.18%

Morarka Finance Limited has officially communicated important dates for its upcoming Annual General Meeting and dividend distribution to BSE Limited, establishing a clear timeline for shareholder eligibility and corporate governance activities.

Record Date and Book Closure Framework

The company has established a comprehensive schedule for its Annual General Meeting and dividend distribution process. According to the official communication filed with BSE Limited, the record date has been fixed as July 8, 2026, which will determine shareholder eligibility for the proposed dividend distribution.

Parameter	Date/Details	Purpose
Record Date	July 8, 2026	Dividend eligibility determination
Book Closure Period	July 9-15, 2026 (both days inclusive)	Annual General Meeting and Dividend
Annual General Meeting	July 15, 2026	Dividend approval and corporate matters
Scrip Code	511549	BSE trading identifier

Regulatory Compliance and Filing Details

The formal intimation was submitted to BSE Limited on April 23, 2026, through reference number MFL/2026-27/016. Company Secretary and Compliance Officer Divya Agarwal digitally signed the communication, ensuring compliance with Regulation 42(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The book closure period will span seven consecutive days, from Thursday, July 9, 2026, to Wednesday, July 15, 2026, both days inclusive. During this period, share transfers will be suspended to finalize the eligible shareholder list for both the Annual General Meeting participation and dividend distribution.

Corporate Structure and Communication

Morarka Finance Limited, incorporated with CIN L67120MH1985PLC035632, maintains its registered office at 511, Maker Chambers V, 221, Nariman Point, Mumbai. The company's systematic approach to regulatory communication demonstrates adherence to corporate governance standards and transparency requirements.

The structured timeline provides shareholders adequate notice for participation in the corporate governance process, with the dividend distribution subject to approval at the scheduled Annual General Meeting on July 15, 2026.