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 Explain this filing

Price

Loading chart…

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

Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹53.01

prior close

₹54.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+4.6% vs market

Non Banking Financial Company (NBFC) peers, median of 211sector-0.3%+4.5% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.5 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2-0.4+4.6-0.3+4.5

Next day

+3.3+1.1+2.2-0.4+3.6

+4.5+1.0+3.5-0.3+4.8

+6.4+2.6+3.8+0.0+6.4

+5.6+4.2+1.4+0.5+5.2

+7.1+4.2+2.9+1.0+6.0

+3.8-0.5+4.2-1.7+5.5

15d

+3.4+0.9+2.4-2.6+6.0

+5.6+1.5+4.1-3.3+8.9

+18.9+9.1+9.8-3.9+22.8

+13.5+8.1+5.4-4.4+17.9

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 211Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.