Management Change27 Aug 2026, 04:50 pm
Morarka Finance: RBI Approves Pranay G. Morarka's MD Appointment
AI Summary
Morarka Finance Ltd has received approval from the Reserve Bank of India (RBI) for the appointment of Mr. Pranay G. Morarka (DIN: 03272263) as the Managing Director of the company. This approval follows the necessary shareholders' consent obtained during the 41st Annual General Meeting held on July 15, 2026. The company had filed the application through the PRAVAAH portal of the RBI. With this regulatory clearance, all statutory approvals for Mr. Morarka's appointment are now complete.
Key Highlights
- RBI approved Pranay G. Morarka's appointment as MD.
- Shareholder approval was secured at the AGM on July 15, 2026.
- Application filed via RBI's PRAVAAH portal.
- All necessary statutory approvals are now obtained.
Price Impact
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