Final Dividend Of Rs 4: July 18 Fixed As Record Date; Check Details Of BSE 500 HFC Stock

Can Fin Homes Limited is a prominent participant in the housing finance sector in India. The organisation has six zones and its headquarters are in Bengaluru. It has 219 outlets scattered over 21 states and Union territories, 186 branches, 21 Affordable Housing Loan Centres (AHLCs), and 12 satellite offices throughout India.

The stock is in focus after the HFC company informed stock exchanges that "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Board of Directors in its meeting held today have fixed July 18, 2024 (Thursday) as the 'Record Date' for determining entitlement of the members to Final Dividend of Rs.4.00 per equity share of the face value of Rs.2.00 each for the financial year ended March 31, 2024. If the dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made within 30 days from the date of conclusion of Annual General Meeting (AGM) as under:

a) To all Beneficial Owners in respect of shares held in dematerialized form as per the data as may be made available by the National Securities Depository Limited and the Central Depository Services (India) Limited as of the close of business hours on July 18, 2024 (Thursday).

b) To all Members in respect of shares held in physical form after giving effect to valid transmission or transposition requests lodged with the Company as of the close of business hours on July 18, 2024 (Thursday)."

The Board of Directors of the Can Fin Homes was held today i.e. Thursday, June 06, 2024 to approve and place the recommendation to the members at ensuing Annual General Meeting for issuance of on-shore and/or off-shore debt instruments including but not limited to bonds, non-convertible debentures, non-convertible subordinated debt in the nature of Tier II NCDs/bonds, denominated in Indian currency and/or any foreign currency, up to an amount not exceeding Rs.4,000 Crores (Rupees Four Thousand Crores only).

"To place the recommendation to the members at the ensuing Annual General Meeting for further issue of shares through Qualified Institutional Placement (QIP) and/or preferential allotment and/or Rights issue for an amount not exceeding Rs.1000 Crore (Rupees One Thousand Crores only)," the Board of Directors further approved.
The company's 37th Annual General Meeting (AGM) will take place on Wednesday, August 7, 2024, at 11:00 a.m. via video conference and other audio-visual means (OAVM).

The company reported net sales of Rs 926.83 crore in the March 2024 quarter up 21.35% from Rs. 763.77 crore in the March 2023 quarter. In Q4FY24, the net profit of Rs. 209.03 crore was 26.08% more than that of Rs. 165.80 crore in Q4FY23. EBITDA increased by 23.91% to Rs. 858.04 crore in March 2024 from Rs. 692.47 crore in the same quarter in 2023.