Morarka Finance Limited has disclosed a change in designation for Mr. Pranay G. Morarka (DIN: 03272263) pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.
The change was approved by shareholders at the 41st Annual General Meeting held on Wednesday, July 15, 2026, at 12:00 noon IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility.
Key Details of the Change
- Reason for Change: Change in Designation
- Effective Date of Change: July 15, 2026
- Date of Appointment: April 24, 2026
- Current Designation: Managing Director (Additional)
- New Designation: Managing Director
- Term: Five consecutive years from April 24, 2026 to April 23, 2031 (both days inclusive)
- Retirement Provision: Liable to retire by rotation
Approval Status
The appointment and remuneration are subject to necessary approvals including from the Reserve Bank of India (RBI).
Director Profile
Mr. Pranay G. Morarka holds a Bachelor of Mass Media (BMM) degree from the University of Mumbai and is an Investor by profession. He has been serving as the Chief Executive Officer (CEO) of the Company since 2014 and has played a pivotal role in steering the Company's strategic growth, operational efficiency, and overall performance.
Director Relationships
Mr. Pranay G. Morarka is the son of Shri Gautam R. Morarka and brother of Ms. Priyanka G. Morarka.
Regulatory Compliance Affirmation
The disclosure confirms that Mr. Pranay G. Morarka is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other such authority.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026 (as amended from time to time).