Morarka Finance Appoints Pranay G. Morarka MD, Recommends ₹1.5 Dividend After FY26 Results

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AuthorKavya Nair|Published at:
Morarka Finance Appoints Pranay G. Morarka MD, Recommends ₹1.5 Dividend After FY26 Results
Overview

Morarka Finance's board approved audited FY26 financial results, recommending a ₹1.5 per share dividend. Pranay G. Morarka was appointed Managing Director for five years. The board also accepted the resignation of a Non-Executive Director.

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Morarka Finance Approves FY26 Results, Recommends ₹1.5 Dividend, Appoints Pranay G. Morarka as MD

Morarka Finance Ltd. has approved its audited financial results for the fiscal year and quarter ending March 31, 2026. The company's board has recommended a dividend payout of ₹1.5 per equity share.

A significant leadership transition is underway, with Mr. Pranay G. Morarka appointed as the new Managing Director for a five-year term, effective April 24, 2026. The board also noted the resignation of Ms. Kalluri Savitha Rao from her position as Non-Executive Director.

This appointment marks a new leadership phase for the non-banking financial company (NBFC). Mr. Morarka previously served as the company's Chief Executive Officer. The recommended dividend of ₹1.5 per share is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and follows a precedent from FY23, when ₹1 per share was declared.

The reconstitution of the Nomination & Remuneration Committee is also underway, which may influence future policies on executive compensation and board composition.

Shareholder approval at the AGM is a necessary step for both the dividend payout and the Managing Director appointment to become fully effective. According to available records, Morarka Finance has not faced significant public regulatory actions or auditor issues in recent years.

Mr. Morarka's tenure as Managing Director is set for five years, running from April 24, 2026, to April 23, 2031.

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