Announced Thu, 30 Apr · 13:01 IST

In continuation to earlier submission dated April 23, 2026 vide letter no. MFL/2026-27/013 regarding Change in Management.

Ceo ResignedKmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Mr. Pranay G. Morarka has formally resigned as Chief Executive Officer (CEO) of Morarka Finance Limited, effective April 24, 2026. This resignation was part of an internal transition where he moved from the CEO role to being appointed as Managing Director (Additional Director). The appointment as Managing Director is subject to shareholder approval at the company's 41st Annual General Meeting. The company has clarified that the resignation letter was inadvertently omitted from their earlier submission dated April 23, 2026, and this filing serves to correct that omission.

Likely market impact

This represents an internal role transition rather than a departure from the company, as the same individual remains in a leadership capacity. Shareholders should note that formal shareholder approval is still pending for the Managing Director appointment.