Morarka Finance Board Approves Dividend, Announces Leadership Transition
Morarka Finance Ltd. announced several key corporate developments following a Board of Directors meeting held on April 23, 2026. The Board adopted the audited financial results for the quarter and year ended March 31, 2026, and recommended a dividend payout.The Board of Directors also noted the resignation of Ms. Kalluri Savitha Rao, Non-Executive Director, effective April 13, 2026.
Leadership and Governance Updates
A significant change in leadership was approved at the meeting. Mr. Pranay G. Morarka (DIN: 03272263) was appointed as the Managing Director and Additional Director of the Company. This appointment, subject to shareholder approval at the 41st Annual General Meeting (AGM), will be for a term of five consecutive years, beginning April 24, 2026, and ending April 23, 2031.Consequent to this appointment, the Board also noted the cessation of Mr. Pranay G. Morarka from his role as Chief Executive Officer (CEO), effective April 24, 2026.
In governance updates, the Board approved the appointment of Mr. Satyaprakash Maheshwari as the Internal Auditor for the financial year 2026-27. Furthermore, the Nomination & Remuneration Committee was reconstituted with members including Ms. Nina Chatrath, Ms. Divya Rao, Shri Arun Tulsian, and Ms. Priyanka G. Morarka.
Financial Results and Dividend Recommendation
The Board confirmed the adoption of the Standalone Audited Financial Results for the quarter and year ended March 31, 2026, along with the Auditor's Report, which was noted to be with an Unmodified Opinion.The Board of Directors recommended a dividend of Rs. 1.5 per Equity share, representing 15% of the face value of Rs. 10 each. This dividend is subject to the approval of members at the 41st Annual General Meeting. The dividend would be payable to shareholders whose names appear in the register of members as on the record date of Wednesday, July 8, 2026.
The 41st Annual General Meeting (AGM) is scheduled for Wednesday, July 15, 2026. The company's Register of Members and Share Transfer Books will be closed from Thursday, July 9, 2026, through Wednesday, July 15, 2026.
Financial Performance Overview
The audited financial results for the quarter and year to date ended March 31, 2026, were presented, confirming an Unmodified Opinion from the Statutory Auditors, M/s. Jayesh Dadia & Associates LLP.The detailed financial positions and performance metrics for the respective periods are as follows:
Statement of Assets and Liabilities (in Lakhs)
| Particulars | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| Total Assets | 11,699.54 | 9,619.33 |
| Financial Assets | 11,583.09 | 9,524.08 |
| Non-Financial Assets | 20.32 | 20.86 |
| Total Liabilities and Equity | 11,699.54 | 9,619.33 |
Statement of Audited Financial Results (in Lakhs)
| Particulars | Quarter ended March 31, 2026 (Audited) | Year to date March 31, 2026 (Audited) |
|---|---|---|
| Total Income | 5.79 | 222.19 |
| Total Expenses | 12.92 | 55.71 |
| Profit before exceptional items and tax | (7.13) | 166.42 |
| Profit / Loss for the period | 9.61 | 143.04 |
| Total Comprehensive Income | 450.21 | 450.21 |
Cash Flow From Operating Activities (in Lakhs)
| Item | 2025-2026 | 2024-2025 |
|---|---|---|
| NET CASH FLOW FROM OPERATING ACTIVITIES | 166.42 | 317.00 |
| NET CASH FLOW FROM INVESTING ACTIVITIES | (375.00) | (385.00) |
| NET CASH FLOW FROM FINANCING ACTIVITIES | (45.02) | (270.13) |
| CASH AND CASH EQUIVALENTS (CLOSING BALANCE) | 1.20 | 3.80 |
Stock Price Movement
As of 14:28, Morarka Finance shares are ticking down to ₹55.95, shedding 1.37% in intraday trading. The stock navigated an intraday range, finding its lower boundary at ₹55.00 after reaching a high of ₹57.99 earlier today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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