Can Fin Homes Limited has informed the Exchange regarding Change in Director(s) of the company.
CANFINHOME · price
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Awaiting price reaction for this filing.
Can Fin Homes' board has recommended a debt issuance of up to Rs 10,000 crore through on-shore or off-shore bonds, NCDs and Tier II NCDs, subject to shareholder approval. It has also recommended an equity raise of up to Rs 1,000 crore via QIP, preferential allotment or a Rights issue. A final dividend of Rs 6 per share (face value Rs 2) has been declared for FY25, with the record date set as July 11, 2025 and payment within 30 days of the AGM. The 38th AGM will be held on August 20, 2025 via video conference. Additionally, Shri Swarupananda Mallick, a 27-year banking veteran from Yes Bank, Axis Bank, IDBI Bank, IndusInd Bank and Federal Bank, has been appointed as a Non-Executive Independent Director for 3 years from August 21, 2025.
The combined Rs 11,000 crore capital raising plan signals significant business expansion or balance sheet strengthening, but a potential equity dilution via QIP or Rights issue may weigh on the stock in the short term. The steady Rs 6 dividend and addition of an experienced banking professional to the board are positive for shareholders.