Can Fin Homes has appointed Shri Shailesh Kumar Singh as Whole Time Director designated as Deputy Managing Director effective July 3, 2026, following approval from the Reserve Bank of India (RBI). The appointment strengthens the company's leadership structure as Singh brings over 27 years of experience in banking operations.

The RBI approved the appointment for a term not exceeding three years under the RBI (Non-Banking Financial Companies - Governance) Directions dated November 28, 2025, and the RBI (Housing Finance Companies) Directions, 2025. The company will seek shareholder approval for this appointment at the Annual General Meeting scheduled on July 29, 2026.

Singh joined Canara Bank on March 15, 1999, and was elevated to the rank of Deputy General Manager. His extensive experience spans rural, semi-urban, urban, and metro operational areas, including branches, regional offices, circle offices, head office, and treasury. He played a key role in establishing Cash Management Services, handling tasks from RFP finalization to policy drafting and service integration with Core Banking Solutions (CBS).

The disclosure confirms that Singh is not related to any directors of Can Fin Homes, except for Shri Hardeep Singh Ahluwalia, who is the Executive Director of Canara Bank. The appointment was intimated to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Can Fin Homes Limited received a monetary penalty of ₹2.70 lakh from the Reserve Bank of India (RBI) for non-compliance with specific provisions of the Fair Practices Code. The penalty was imposed under Section 52A of the National Housing Bank Act, 1987, following a statutory inspection by the National Housing Bank (NHB). The company confirmed there is no material impact on its financial or operational activities due to this penalty.

The regulatory action stemmed from a violation observed during the inspection with reference to the company's financial position as on March 31, 2025. The RBI identified non-compliance with Paragraph 80.4 of the Master Direction - Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021. This regulation mandates that instalments collected from borrowers must clearly indicate the bifurcation between interest and principal.

In response to the RBI's speaking order received via email on June 19, 2026, the company has taken corrective action. Can Fin Homes implemented measures effective April 1, 2026, to incorporate the bifurcation of principal and interest in the Statement of Account. The company now separately details the principal, interest, and charges out of the instalment received from the borrower, ensuring compliance with the RBI directions.

The disclosure was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nilesh Jain, Company Secretary, affirmed that the information provided is true, correct, and complete to the best of his knowledge and belief.