Can Fin Homes Limited held its 38th Annual General Meeting (AGM) on August 20, 2025, where the board approved existing and new material related party transactions with Canara Bank. The meeting also confirmed the payment of a final dividend of ₹6 per equity share.
The AGM, conducted via video conferencing, addressed key resolutions, including the adoption of audited financial statements for the year ended March 31, 2025, and the re-appointment of Shri Arvind Narayan Yennemadi as an Independent Director.
Key Highlights of the AGM:
- Adoption of Financial Statements: The audited standalone financial statements, including the balance sheet as of March 31, 2025, and the statement of profit and loss for the year, along with the reports of the Board of Directors and Auditors, were adopted.
- Dividend Confirmation: The payment of an interim dividend of ₹6 per equity share and a final dividend of ₹6 per equity share, as recommended by the Board of Directors, were confirmed for the financial year ended March 31, 2025.
- Director Re-appointment: Shri Vikram Saha, who retired by rotation, was re-appointed as a Director.
- Appointment of Secretarial Auditors: M/s. Kedarnath & Karthik, a firm of Company Secretaries, were appointed as the Secretarial Auditors for a period of five years.
- Related Party Transactions: The board approved existing and new material related party transactions with Canara Bank.
- Independent Director Re-appointment: Shri Arvind Narayan Yennemadi was re-appointed as an Independent Director.
- Independent Director Appointment: Shri Swarupananda Mallick was appointed as an Independent Director.
- Increase in Borrowing Limit: The borrowing limit by the Board of Directors was increased to ₹55,000 Crores.
- NCD Issuance: The board approved the offer or invitation for subscription of Non-Convertible Debentures (NCDs) or bonds up to ₹10,000 Crores on a private placement basis.
- Further Issue of Shares: The board approved the further issue of shares not exceeding ₹1000 Crores.
The meeting was chaired by Shri K Satyanarayana Raju, with key directors and company officials in attendance. The proceedings were conducted in compliance with regulatory requirements, ensuring transparency and shareholder engagement.
The Company Secretary, Shri Nilesh Jain, welcomed the attendees and provided necessary instructions for the conduct of the meeting and e-voting process. Members were given the opportunity to raise questions and provide feedback on the financial statements and other agenda items.
The results of the e-voting will be disseminated to the stock exchanges and placed on the company's website within the prescribed time period.
The meeting concluded at 12:40 p.m.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
