MORARKA FINANCE LIMITED
Key Resolution Details
The Board of Directors of Morarka Finance Limited passed a Circular Resolution dated June 03, 2026 (Reference: MFL/CR/2026-27/01) concerning the appointment of Mr. Pranay G. Morarka (DIN: 03272263) as Managing Director (Additional Director).
Background and Context
The Board had previously approved Mr. Pranay G. Morarka's appointment for a five-year term commencing from April 24, 2026, at its meeting held on April 23, 2026. The current circular resolution serves as a clarificatory measure to expressly state that this appointment is subject to obtaining all necessary approvals from the Reserve Bank of India (RBI).
Regulatory Requirements
The appointment requires compliance with RBI directions, guidelines, circulars, and instructions, specifically including the Reserve Bank of India (Non-Banking Financial Companies – Governance) Directions, 2025, as amended from time to time.
Nature of Resolution
The resolution is purely clarificatory and does not modify the substance of the original approval granted on April 23, 2026. It does not constitute a fresh appointment or re-appointment, but ensures the original approval is interpreted in conjunction with all applicable RBI regulatory requirements.
Current Status
The company has filed necessary application through the PRAVAAH portal and submitted required documents to the Reserve Bank of India in connection with this appointment.
Disclosure Basis
This disclosure is made based on the nature of event being a Clarificatory Resolution regarding the appointment of a Key Managerial Personnel (Managing Director) and regulatory approvals.