Can Fin Homes , a prominent player in the housing finance sector, has announced a series of significant developments, including a dividend declaration, robust quarterly results, and changes to its board composition.

Dividend Declaration

At its 38th Annual General Meeting (AGM) held on August 20, Can Fin Homes shareholders approved a final dividend of Rs 6 per equity share for the financial year ended March. The company plans to disburse a total of Rs 80 crore as dividends within 30 days of the AGM through electronic transfer to registered bank accounts of shareholders.

Strong Q1 Performance

The company reported impressive financial results for the first quarter:

This robust performance underscores Can Fin Homes' resilience and growth trajectory in the competitive housing finance market.

Stock Performance and Analyst Outlook

Can Fin Homes' shares closed at Rs 780.10 on the NSE, marking a 1.56% increase. However, the stock has experienced a 7.97% decline over the past 12 months, while gaining 2.74% year-to-date. The company continues to garner strong support from analysts, with 17 out of 21 recommending a 'buy' and 4 suggesting a 'hold'. The average 12-month price target indicates a potential upside of 16.30%.

Board Changes and Appointments

The AGM also saw several key changes to the company's board:

1. Re-appointments:

   • Shri Vikram Saha (DIN–10597814) was re-appointed as an Executive Director.
   • Shri Arvind Narayan Yennemadi (DIN: 07402047) was re-appointed as an Independent Director for a second term of three years.

2. New Appointment:

   • Shri Swarupananda Mallick (DIN:11164699) was appointed as an Independent Director for a three-year term starting August 21.

3. Cessation:

   • Shri Anup Sankar Bhattacharya's tenure as an Independent Director concluded at the AGM.

Other Key Decisions

1. Secretarial Auditor Appointment: M/s. Kedarnath & Karthik, a firm of Practicing Company Secretaries, was appointed as the Secretarial Auditors for a term of five consecutive financial years.

2. Borrowing Limit Increase: The company approved an increase in the borrowing limit by the Board of Directors up to Rs 55,000 crore.

3. Non-Convertible Debentures (NCDs): Approval was granted for the offer or invitation for subscription of NCDs or bonds, secured or unsecured, up to an amount not exceeding Rs 10,000 crore on a private placement basis.

4. Further Issue of Shares: The company received approval for a further issue of shares not exceeding Rs 1,000 crore.

These developments reflect Can Fin Homes' strategic initiatives to strengthen its financial position, enhance governance, and pursue growth opportunities in the housing finance sector.

Can Fin Homes Limited , a prominent player in the housing finance sector, has announced the appointment of Shri Hardeep Singh Ahluwalia as an Additional Director in the category of Non-Executive, Non-Independent Director. This strategic move, representing the company's promoter Canara Bank, comes with the approval of the Reserve Bank of India (RBI) and promises to bring valuable banking expertise to the company's board.

Appointment Details

The appointment of Shri Ahluwalia became effective on August 6, 2025, following the RBI's approval for a term not exceeding five years. His tenure on the Can Fin Homes board is set to continue until he holds the position of Executive Director in Canara Bank or for the five-year term approved by the RBI, whichever comes first.

Extensive Banking Experience

Shri Hardeep Singh Ahluwalia brings a wealth of experience to his new role at Can Fin Homes. With over three decades in the banking sector, he has developed expertise across various functional areas and geographies. His career highlights include:

• Began his banking journey as an Agricultural Field Officer at Allahabad Bank (now Indian Bank) on March 30, 1992
• Holds a degree in Agriculture and is a Certified Associate of the Indian Institute of Bankers
• Possesses certifications in Credit Management from NIBM Pune and a Diploma in Computer Applications in Financial Management
• Served in diverse roles across rural, semi-urban, urban, and metro areas in India, as well as internationally in Hong Kong
• Held key positions such as Lead District Manager, Head of International Branch, Zonal Head in Chandigarh, and Field General Manager/Chief General Manager in Kolkata

Educational Background and Skill Set

Ahluwalia's educational background and continuous learning approach have shaped his professional journey:

• Graduate in Agriculture
• Completed a Leadership Development Programme at IIM Bangalore, curated by the Banks Board Bureau in consultation with the Indian Banks' Association
• Known for his ability to build productive teams and deliver exceptional results

Current Role and Previous Position

Prior to joining the board of Can Fin Homes, Shri Ahluwalia:

• Took charge as Executive Director of Canara Bank on February 7, 2023
• Previously served as General Manager of the Recovery Department at the Corporate office of Indian Bank

Corporate Governance and Shareholder Approval

In line with corporate governance practices, Can Fin Homes has stated that it will seek shareholder approval for Shri Ahluwalia's appointment. The company assures that necessary intimations regarding this process will be communicated in due course.

Relationship with Other Board Members

While Shri Ahluwalia is not directly related to any Directors or Key Managerial Personnel of Can Fin Homes, he shares a professional connection with Shri K Satyanarayana Raju (Managing Director & CEO of Canara Bank and Chairman of Can Fin Homes) and Shri Vikram Saha (Deputy General Manager of Canara Bank and Deputy Managing Director of Can Fin Homes) as representatives of the promoter, Canara Bank.

This appointment underscores Can Fin Homes' commitment to strengthening its board with experienced professionals from the banking sector, potentially enhancing its strategic decision-making capabilities in the competitive housing finance market.