Can Fin Homes Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2025
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Can Fin Homes held its 38th AGM on August 20, 2025 via video conferencing, with 67 members attending under the chairmanship of Shri K Satyanarayana Raju. Shareholders transacted all 10 resolutions listed in the AGM notice, including adoption of FY25 audited financial statements and confirmation of a total dividend of Rs. 12 per share (Rs. 6 interim + Rs. 6 final) on equity shares of face value Rs. 2 each. Key special business items approved include raising the borrowing limit to Rs. 55,000 Crores, issuing NCDs/bonds up to Rs. 10,000 Crores on private placement, and a further equity share issue not exceeding Rs. 1,000 Crores. Members also approved material related party transactions with promoter Canara Bank and the appointment of a new Secretarial Auditor (M/s. Kedarnath & Karthik) for five years. Director changes include the re-appointment of Vikram Saha (retiring by rotation) and Arvind Narayan Yennemadi, along with the appointment of Swarupananda Mallick as a new Independent Director.
If voting results confirm the requisite majority on special resolutions, Can Fin Homes will gain significantly expanded borrowing and fund-raising headroom (Rs. 55,000 Crores borrowings, Rs. 10,000 Crores NCDs, and up to Rs. 1,000 Crores equity), supporting future loan book growth. The Rs. 12 per share total dividend offers a strong yield on the Rs. 2 face value, while continued reliance on Canara Bank for related party transactions keeps promoter ecosystem dynamics relevant for minority shareholders to monitor.