Morarka Finance Board Recommends ₹1.5 Dividend, Appoints New MD

Morarka Finance's Board of Directors met on April 23, 2026, adopting audited financial results for the quarter and year ended March 31, 2026. The board recommended a dividend of ₹1.5 per equity share (15%) for FY26, subject to shareholder approval at the 41st Annual General Meeting scheduled for July 15, 2026. Significant management changes include the appointment of Mr. Pranay G. Morarka as Managing Director for a five-year term, transitioning from his previous role as Chief Executive Officer. The board also noted the resignation of Ms. Kalluri Savitha Rao as Non-Executive Director and approved the appointment of Mr. Satyaprakash Maheshwari as the Internal Auditor for FY27. The Nomination & Remuneration Committee was also reconstituted.