In an exchange filing, the housing finance company said, “To 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 crore.”

“To place the recommendation to the members at the ensuing AGM for further issue of shares through qualified institutional placement (QIP) and/or preferential allotment and/or Rights issue for an amount not exceeding Rs 1,000 crore," the company added.

Meanwhile, the board of directors of the company has appointed Ajay Kumar Singh as an additional director and whole–time director designated as deputy managing director (key managerial personnel).

Further, the company said that the record date for the final dividend is fixed on Friday, 30 June 2023. The board had declared a final dividend of Rs 2 per equity share for FY23.

Can Fin Homes is engaged in a housing finance institution approved by National Housing Bank (NHB), the apex authority of housing in the country.

The company's net profit jumped 34.9% to Rs 165.80 crore on 36.2% rise in total income to Rs 764.29 crore in Q4 FY23 over Q4 FY22.