Morarka Finance Board Approves Unaudited Results, RBI De-registration

Morarka Finance Ltd held a Board of Directors meeting on July 21, 2026, via video conference. The board adopted the unaudited financial results for the quarter ended June 30, 2026, along with the statutory auditors' limited review report. Additionally, the company received approval to de-register from the Reserve Bank of India (RBI) and adopt the status of an 'Unregistered Type I NBFC'. This decision follows recent RBI amendments allowing eligible Type I NBFCs to operate as unregistered entities. Morarka Finance intends to apply for de-registration, subject to regulatory approval, and will operate under the new framework if granted.