Dividend Stocks: Housing sector’s Can Fin Homes Ltd on Monday, December 15 said that its board has approved an interim dividend of ₹7 per equity share for the financial year 2025-26. This dividend is equivalent to 350 percent of the ₹2 face value.
Record date and payment date
Can Fin Homes said that the record date for the interim dividend has been fixed as December 19, 2025. According to the regulatory filing, the dividend amount will be credited to the accounts of eligible shareholders within 30 days from the date of declaration, i.e. on or before January 13, 2026.
Approval for re-appointment of MD-CEO
Apart from the dividend, the board has also approved the reappointment of Suresh Srinivasan Iyer as managing director and CEO. This reappointment will be for the next two years from March 18, 2026 and this decision has been taken on the recommendation of the Nomination, Remuneration and HR Committee.
Awaiting RBI approval
According to information given to the exchange, Iyer’s re-appointment will be subject to the prior approval of RBI. Can Fin Homes said that the necessary application for this has already been submitted through RBI’s Pravaah portal and is now awaiting approval. After getting clearance from RBI, shareholders’ approval will also be taken.
Can Fin Homes has also clarified that there is no restriction on Suresh Srinivasan Iyer by SEBI or any other regulatory authority. He is fully eligible to hold the post of Director or Managing Director.
Status of shares of Can Fin Homes
Shares of Can Fin Homes Ltd closed marginally lower by 0.04 per cent at ₹915 on NSE. The stock is up 17.35% in the last 6 months. At the same time, so far this year i.e. in 2025, the stock has given a return of 25.28%. The market cap of Can Fin Homes is ₹12.18 thousand crore.
What is the business of Can Fin Homes?
Can Fin Homes Ltd is a leading housing finance company. It mainly provides home loans, home extensions, home improvement and non-residential property loans.
The company focuses on the salaried and middle income segment and has its presence through a branch network spread across several states across the country. Can Fin Homes is a subsidiary of Canara Bank and retail housing finance is considered as its core business.
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