As per Attachment
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Morarka Finance Ltd has passed a circular resolution on June 3, 2026, clarifying the earlier appointment of Mr. Pranay G. Morarka (DIN: 03272263) as Managing Director (Additional Director). The original appointment was approved by the Board on April 23, 2026, for a five-year term starting April 24, 2026. The new resolution clarifies that this appointment is subject to obtaining necessary approvals from the Reserve Bank of India, including under the RBI (NBFC – Governance) Directions, 2025. The company has filed the required application through the PRAVAAH portal to the RBI. The Board states this is purely clarificatory and does not change the substance of the original approval.
For shareholders, this confirms the Managing Director appointment is contingent on RBI clearance, which introduces some regulatory uncertainty but the company describes the move as procedural rather than substantive. The Morarka surname suggests a promoter-family appointment, which typically signals continuity of control at this small NBFC.