Management Change30 Apr 2026, 01:02 pm
Morarka Finance: Pranay Morarka Resigns as CEO, Becomes MD
AI Summary
Morarka Finance Ltd. announced the cessation of Mr. Pranay G. Morarka as Chief Executive Officer (CEO) and his appointment as Managing Director (Additional Director), subject to shareholder approval at the 41st Annual General Meeting. The company inadvertently omitted Mr. Morarka's resignation letter from the initial submission on April 23, 2026, and has now included it. Mr. Morarka's resignation is effective from April 24, 2026, as he transitions to his new role.
Key Highlights
- Pranay G. Morarka resigns as CEO of Morarka Finance, effective April 24, 2026.
- Morarka appointed as Managing Director, subject to shareholder approval.
- Resignation letter inadvertently omitted from earlier submission and now enclosed.
Price Impact
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