Can Fin Homes Limited has announced significant corporate developments including an interim dividend declaration and key management reappointment following its Board of Directors meeting held on December 15, 2025. The board meeting, which commenced at 4:45 PM and concluded at 6:33 PM, approved these important decisions that will impact shareholders and the company's leadership structure.

Interim Dividend Declaration

The Board of Directors has declared an interim dividend for Financial Year 2025-26, demonstrating the company's strong financial position and commitment to shareholder returns.

The record date of Friday, December 19, 2025, has been established to determine the list of eligible shareholders for the interim dividend payment. This timeline ensures shareholders will receive their dividend payments promptly within the regulatory framework.

Management Reappointment

The Board has approved the re-appointment of Shri Suresh Srinivasan Iyer as Managing Director & CEO for an additional two-year term, based on recommendations from the Nomination Remuneration and HR Committee (NRC).

The reappointment is subject to prior approval from the Reserve Bank of India (RBI) under Para 45.3 of NBFC-HFC (Reserve Bank) Directions, 2021. The company has submitted the application through the Pravaah Portal pursuant to Para 46 of the said directions, and approval is pending. Following RBI approval, shareholder approval will be sought within the prescribed period.

Leadership Profile

Shri Suresh Srinivasan Iyer brings extensive experience in the financial services sector to his role. His professional background includes:

• Educational Qualifications: B.Sc. (Statistics) and MBA (Finance)
• Industry Experience: Over 25 years in housing finance
• Previous Role: Head of Housing Finance at Bandhan Bank
• Career Journey: Worked in Gruh Finance since 1997, became part of Core Management team, and joined Bandhan Bank post-merger in October 2019
• Functional Expertise: Sales, Operations, IT Strategy, Policy Pricing, Risk, Recovery, and Legal
• Board Exposure: Experience with Board and Audit Committee operations since 2001

The company has confirmed that Shri Suresh Srinivasan Iyer is not related to any Directors or Key Managerial Personnel of the company, ensuring independence in governance structure. Additionally, the company has verified that he is not debarred from holding the office of Director or Managing Director by SEBI or any other regulatory authority.

Regulatory Compliance

Both announcements comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 read with Schedule III. The decisions have been properly communicated to stock exchanges, with all documentation uploaded on the company website for transparency and regulatory compliance.

India Ratings and Research (Ind-Ra) has upgraded Can Fin Homes Limited (CFHL) Long-Term Issuer Rating to IND AAA from IND AA+, marking a significant milestone for the housing finance company. This upgrade, which includes the company's Non-Convertible Debentures (NCDs) and subordinated debt programmes, reflects a positive outlook on CFHL's financial stability and growth prospects.

Key Highlights of the Upgrade

• Rating Upgrade: Long-Term Issuer Rating elevated to IND AAA from IND AA+
• Outlook: Stable
• Scope: Includes NCDs and subordinated debt programmes

Factors Driving the Upgrade

1. Strong Parental Support: The upgrade is primarily driven by the expectation of timely liquidity and equity support from Canara Bank, which holds a 29.99% stake in CFHL.

2. Regulatory Changes: The Reserve Bank of India's (RBI) decision to lift proposed restrictions on overlapping business lines between banks and their subsidiaries has reduced divestment risk and strengthened support expectations.

3. Financial Performance: CFHL's robust financial metrics have contributed to this rating upgrade.

Financial Performance Overview

To understand the company's financial strength better, let's look at some key financial metrics:

Impact and Implications

1. Lower Borrowing Costs: The AAA rating is likely to help CFHL access funds at more competitive rates, potentially improving its profit margins.

2. Investor Confidence: This upgrade may boost investor confidence, possibly leading to increased interest from both institutional and retail investors.

3. Market Position: The rating upgrade strengthens CFHL's position in the competitive housing finance sector.

4. Growth Prospects: With improved creditworthiness, CFHL may be better positioned to expand its loan book and market share.

Conclusion

The upgrade of Can Fin Homes to IND AAA by India Ratings is a testament to the company's strong financial performance and the implicit support from its parent, Canara Bank. As the housing finance sector continues to play a crucial role in India's economic growth, this rating upgrade positions CFHL favorably to capitalize on market opportunities and contribute to the broader goal of housing for all.

Investors and stakeholders will likely keep a close watch on how CFHL leverages this upgraded rating to drive growth and maintain its financial stability in the coming quarters.