Morarka Finance Ltd

AGM details

• Date and time: 15 July 2026, 12:00 IST; mode: VC/OAVM.

Resolutions and outcomes

• Resolution 1: Adopt audited financial statements; Ordinary; Passed.
• Resolution 2: Declare dividend on equity shares; Ordinary; Passed.
• Resolution 3: Reappoint Priyanka G. Morarka by rotation; Ordinary; Passed.
• Resolution 4: Appoint Pranay G. Morarka as Managing Director; Ordinary; Passed.
• Resolution 5: Fix remuneration of MD; Special; Passed.
• Resolution 6: Approve related party transaction with Dwarikesh Sugar Industries Limited; Ordinary; Passed.

Appointments & MD changes

• Priyanka Morarka retires by rotation and is reappointed.
• Pranay Morarka appointed as Managing Director.

Remuneration

• Remuneration for MD approved (Special Resolution).

Related party transactions

• Approval of Related Party Transaction with Dwarikesh Sugar Industries Limited.

Voting & scrutiny

• Scrutinizer report filed; remote and insta voting used; all resolutions passed.

MD designation change

• Change in designation: Pranay G. Morarka appointed Managing Director.
• Appointment effective 24 Apr 2026; five-year term ending 23 Apr 2031.
• AGM approved appointment and remuneration on 15 Jul 2026.
• Subject to RBI approvals.
• Current designation: Managing Director (Additional); new designation: Managing Director.
• Brief profile: BMM; CEO since 2014; investor by profession.
• Family relationship: Son of Gautam R. Morarka; brother of Priyanka G. Morarka.

AGM Details

• AGM held on 15 July 2026 at 12:00 IST via VC/OAVM.
• Record date was 8 July 2026; total shareholders 4,273.
• Attendance via VC/OAVM: 66 attendees (4 promoters, 62 public).
• Meeting concluded at 12:55 p.m.

Key Resolutions

• Adopt audited financial statements, directors’ report, and auditors’ report (Ordinary).
• Declare dividend on equity shares for the year ended 31 March 2026 (Ordinary).
• Re-appoint Ms. Priyanka G. Morarka as director, retiring by rotation (Ordinary).
• Appoint Mr. Pranay G. Morarka as Managing Director (Special Ordinary Resolution).
• Fix remuneration of Mr. Pranay G. Morarka, Managing Director (Special Resolution).
• Approve related party transaction with Dwarikesh Sugar Industries Limited (Special Ordinary Resolution).

Voting and Proceedings

• Remote e-voting conducted 12–14 July; insta-voting available after meeting.
• Results to be announced/uploaded by 17 July 2026.

Meeting details and agenda

• Board meeting scheduled for July 21, 2026, via video conferencing.
• Consider unaudited Q1 FY2026 results with Limited Review Report for quarter ended June 30, 2026.
• Obtain RBI deregistration and adopt status as Unregistered Type I NBFC.
• Trading window closed from July 1, 2026 for 48 hours post results.

Dematerialisation status

• Dematerialisation requests were confirmed (accepted/rejected) to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository's name substituted as registered owner within timelines.

AGM details

• 41st AGM on July 15, 2026 at 12:00 noon IST.
• To be held through VC/OAVM; registered office deemed venue.
• Book closure: July 9, 2026 to July 15, 2026.
• Record date for dividend: July 8, 2026.

Ordinary business

• Adoption of audited financial statements, directors’ report, and auditors’ report.
• Declaration of final dividend on equity shares.
• Re-appointment of Ms. Priyanka G. Morarka, retiring by rotation.

Special business

• Appointment of Mr. Pranay G. Morarka as Managing Director for five years.
• Approval of Mr. Pranay G. Morarka’s remuneration as Managing Director.
• Approval of management consultancy services to Dwarikesh Sugar Industries Limited.

Dividend

• Board recommended final dividend of ₹1.50 per equity share.
• Dividend, if approved, payable within 30 days of declaration.

Director changes

• Mr. Pranay G. Morarka promoted from CEO to Managing Director effective April 24, 2026.
• His Managing Director term runs from April 24, 2026 to April 23, 2031.
• Ms. K. Savitha Rao resigned as non-executive director effective April 13, 2026.

Auditors

• Statutory auditor remains Jayesh Dadia & Associates LLP, appointed until conclusion of 42nd AGM.
• Secretarial auditor remains VKM & Associates for five years through the 45th AGM.

Related party transaction

• Shareholder approval sought for consultancy services to Dwarikesh Sugar Industries Limited.
• Fee proposed at ₹3,25,000 monthly plus taxes until March 31, 2027.
• Prior-year consultancy fees received from DSIL were ₹46.02 lakh.

Financial highlights

• Revenue from operations was ₹222.04 lakh.
• Profit after tax was ₹143.04 lakh.
• Total comprehensive income was ₹2,098.25 lakh, boosted by fair-value gains.