Morarka Finance Board approves FY26 results, ₹1.5 dividend, CEO becomes MD

Morarka Finance Ltd's Board of Directors met on April 23, 2026, and adopted the Audited Financial Results (Standalone) for the quarter and year ended March 31, 2026. The Board recommended a dividend of ₹1.5 per equity share (15%) for FY26, payable to shareholders on record by July 8, 2026, subject to approval at the 41st Annual General Meeting on July 15, 2026. Additionally, Ms. Kalluri Savitha Rao resigned as Non-Executive Director, and Mr. Satyaprakash Maheshwari was appointed as Internal Auditor. Significantly, Mr. Pranay G. Morarka transitioned from Chief Executive Officer to Managing Director (Additional Director) for a five-year term, effective April 24, 2026, pending shareholder approval. The Nomination & Remuneration Committee was also reconstituted.