Board approves FY26 results, 15% dividend, leadership changes
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Morarka Finance's board adopted audited FY26 (year ended March 31, 2026) standalone results with an unmodified (clean) audit opinion. A dividend of Rs. 1.5 per share (15% on face value of Rs. 10) was recommended; record date July 8, 2026. The 41st AGM is set for July 15, 2026 via VC. Mr. Pranay G. Morarka ceased as CEO and was appointed Managing Director (Additional Director) for 5 years from April 24, 2026, subject to shareholder approval. A new internal auditor was appointed for FY27.
Clean audit and 15% dividend are shareholder-positive. Key leadership transition: long-time CEO Pranay Morarka elevated to MD for 5 years.