Can Fin Homes Limited has issued a postal ballot notice to shareholders seeking approval for the re-appointment of its Managing Director & CEO, following regulatory clearance from the Reserve Bank of India. The company has initiated the shareholder approval process through electronic voting, marking the next crucial step in securing leadership continuity.

RBI Approval and Regulatory Framework

The RBI had earlier conveyed its permission for the re-appointment of Suresh Srinivasan Iyer (DIN: 10054487) as director through its letter dated January 28, 2026. The approval was granted under para 10 of Reserve Bank of India (Non-Banking Financial Companies - Governance) Directions, 2025.

Postal Ballot Process and E-voting Timeline

Can Fin Homes Limited has issued the postal ballot notice dated January 30, 2026, which was sent to shareholders on February 3, 2026. The company is seeking approval through an ordinary resolution for the re-appointment of Shri Suresh Srinivasan Iyer as Managing Director & Chief Executive Officer.

Remuneration and Terms of Appointment

The postal ballot notice details the comprehensive remuneration structure for the re-appointed CEO. Shri Suresh Srinivasan Iyer will receive a consolidated fixed pay of ₹15.40 lakh per month, along with performance-linked cash incentive of ₹36.96 lakh annually.

During the previous financial year 2024-25, Shri Suresh Srinivasan Iyer received managerial remuneration of ₹2.12 crore, including performance-linked incentive. He currently holds 100 equity shares in the company and has been granted 22,872 stock options under the CFHL ESOP Scheme 2024.

Scrutinizer Appointment and Compliance

The Board of Directors has appointed Shri S Viswanathan, Practicing Company Secretary (CP No. 5284), as the Scrutinizer for conducting the postal ballot through remote e-voting process. The company has engaged NSDL services for providing e-voting facility to its members.

Only members whose names appear in the Register of Members as on the cut-off date of January 30, 2026, and whose e-mail addresses are registered with the company's RTA or depositories, are entitled to vote. The postal ballot notice is available on the company's website and stock exchange platforms for member access.

Can Fin Homes has reported robust financial performance for Q3FY26, with profit after tax registering a strong 25% year-on-year growth to ₹2.60 billion, which was in line with analyst expectations. The housing finance company demonstrated solid operational momentum across key financial metrics during the quarter.

Financial Performance Highlights

The company's core earnings showed healthy expansion with net interest income growing 22% YoY to ₹4.20 billion, meeting market estimates. Fee and other income witnessed significant improvement, rising to ₹97.00 million compared to ₹58.00 million in the previous year, reflecting enhanced business activity and diversified revenue streams.

Cost Management and Operational Metrics

Operating expenses increased 35% year-on-year to ₹799.00 million, which was aligned with analyst projections. The cost-income ratio stood at 18.50% for the quarter, showing a marginal improvement from the previous quarter's 18.60% but higher than the previous year's 16.90%. The company made additional provisions of ₹4.70 million for gratuity following new labor law requirements.

Analyst Outlook and Valuation

Motilal Oswal has reiterated its neutral rating on Can Fin Homes with a target price of ₹1,015, based on 1.8x December 2027 estimated price-to-book value. The brokerage projects a compound annual growth rate of 14% for advances and 10% for profit after tax over the FY26-28 period.

The stock currently trades at 1.8x FY27 estimated price-to-book ratio. The analyst expects the company to maintain steady growth trajectory with return on assets of approximately 2.20% and return on equity of around 17% by FY28, indicating sustainable profitability and efficient capital utilization in the housing finance segment.