Morarka Finance Ltd — Important, 03-06-2026: Company Update

Morarka Finance Limited's Board has passed a clarificatory resolution confirming that the appointment of Mr. Pranay G. Morarka as Managing Director is subject to all necessary Reserve Bank of India approvals. His five-year term, starting April 24, 2026, remains unchanged. This resolution is purely procedural, ensuring regulatory compliance and does not modify the substance of the initial approval. The company has initiated the process by filing the necessary application with the RBI. This clarifies the regulatory pathway for a significant leadership position.