Can Fin Homes Board Approves Debt Raising, New Director Appointment and Management Reappointments
Can Fin Homes Limited announced several key decisions following its Board of Directors meeting held on June 08, 2026. The board approved a significant proposal to raise funds through debt instruments, allotted equity shares under an employee stock option scheme, fixed the final dividend, and appointed new personnel across leadership roles.The Board approved the proposal to raise funds by issuing on-shore and/or off-shore debt instruments. These instruments include bonds, non-convertible debentures, Residential Mortgage Backed Securities (RMBS), and Pass Through Certificates (PTC), denominated in Indian or foreign currency. The maximum amount of funding set at Rs. 5,000 Crores, subject to approval by Shareholders at the ensuing Annual General Meeting (AGM).
In another decision, the Board approved the allotment of 466 Equity Shares at an exercise price of Rs 842.80 per share to 11 employees under the CFHL Employee Stock Option Scheme 2024 (CFHL ESOP Scheme 2024). This allotment results in an increase in the paid up equity share capital from Rs 26,63,08,250 divided into 13,31,54,125 shares to Rs 26,63,09,182 divided into 13,31,54,591 shares.
Key Corporate Decisions and Appointments
The company’s 39th Annual General Meeting (AGM) has been scheduled for July 29, 2026, which will be held via Video Conference or other Audio-Visual Means (OAVM).Regarding shareholder returns, the Board fixed July 03, 2026 as the Record Date. This date is designated to determine the entitlement of members to a Final Dividend of Rs 8.00 per equity share for the financial year ended March 31, 2026. The company confirmed that payment of this dividend will be made within 30 days from the conclusion of the AGM, subject to tax deduction at source.
Director and Management Appointments
The Board approved the appointment of Smt. Varsha Vasant Purandare (DIN: 05288076) as a Non-Executive, Independent Director. Her tenure is set for three years, commencing on July 30, 2026. Ms. Purandare holds a Bachelor's degree in Science (Chemistry) and a Diploma in Business Management, bringing 36 years of experience across various fields including credit, forex, and capital markets.
The board also addressed the appointment and re-appointment of Senior Management Personnel (SMPs):
| Role | Name | Type of Appointment | Effective Date / Tenure |
|---|---|---|---|
| Chief Compliance Officer (CCO) | Shri D R Prabhu | Re-appointment | July 24, 2026 to March 31, 2027 |
| Head of Risk Based Internal Audit (RBIA) Dept. | Shri P. Ratheesh Kumar | Re-appointment | One year from July 24, 2026 |
| Head of the Credit Department | Shri U. Jagadish Bhat | Appointment | From July 01, 2026 |
Shri D R Prabhu was re-appointed as CCO. Shri P. Ratheesh Kumar was re-appointed as Head of RBIA Dept., and Shri U. Jagadish Bhat was appointed as the new Head of the Credit Department.
CANFINHOME Stock Price Movement
Shares of Can Fin Homes Limited are edging higher to ₹825.25 as of 2:55 PM today, rallying after seeing a solid gain of 2.15%. The stock has seen significant activity in the live market, with over 275,203 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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