Can Fin Homes Ltd. — Annual Report 2021

Apr 30, 2021

CAN FIN HOMES LTD

Registered Office No. 29/1, 1st Floor, Sir M N Krishna Rao Road Basavanagudi, BENGALURU - 560 004 E-mail: investor.relationship@canfinhomes.com Tel: 080 26564259 Fax:080 26565746 Web: www.canfinhomes.com CIN: L85110KA1987PLC008699

CFHR0 SE CS L0DR 67/2021 30/04/2021

ONLINE SUBMISSION

National Stock Exchange of IndiaLtd.,	BSE Limited
Exchange Plaza, C-l,Block G,	RelationshipDepartmentCorporate
Bandra Kurla Complex,	25thFloor, P J Towers
Bandra (E)	Dalai Street,Fort,
Mumbai -400051	Mumbai -400001

NSE Symbol: CANFINHOME BSE Scrip Code: 511196

Dear Sirs,

Sub: Outcome of Board meeting and submission of Audited Financial Results for the quarter and year ended March 31, 2021

Ref: Our letter CFHRO SE CS LODR 062/2021 dated 19/04/2021

We wish to inform that at the meeting of the Board of Directors of the Company held today i.e., 30/04/2021, Friday, at Bengaluru, the Audited Financial Results of the Company for the quarter and financial year ended on 31/03/2021 have been approved.

In relation to the above, we submit the following documents:

• i. Statement of Standalone Audited Financial Results of our Company for the 4th quarter and the financial year ended 31/03/2021 including half-yearly statement on assets and liabilities of the Company and statement of cash flow for the half year, duly signed by the Managing Director of the Company (Annexure-I).
• ii. Auditor's Report on the Standalone Audited Financial Results issued by M/s. Varma & Varma, the Statutory Auditors of the Company (Annexure-II).
• iii. Declaration on Audit Report with unmodified opinion [Reg.33(3)(d)] and statement in terms of Reg.52(7) (Annexure -III).
• iv. Additional Information in compliance with Chapter V of LODR Regulations, 2015 [Reg.52(4)] (Annexure -IV).
• A 'Nil' statement of deviation or variation in the prescribed format as required under Regulation 32 of the SEBI (LODR) Regulations,2015 read with SEBI Circular No.CIR/CFD/CMDI/162/2019 dated 24/12/19 is also enclosed herewith (Annexure-V). v.
• vi. A 'Nil' statement of deviation or variation in the use of proceeds of funds raised through Non-Convertible Debentures for the purpose other than those mentioned in offer document (SEBI Circular No. CIR/CFB/CMD1/162/2019 dated 24/12/2019 and circular no. SEBI/HO/DDHS/08/2020 dated 17/01/2020) (Annexure - VI).
• vii. Certificate of CS and CFO relating to Large Corporate disclosure as per SEBI Circular No. SEBI/ HO/ DDHS/CIR/P/2018/144 dated 26/11/18 (Annexure - VII).

The Board of Directors, at the above meeting, has renewed the approvals and authorisations for issue of Non-Convertible Debentures, on private placement basis within the limits approved by the members at the 33rd Annual General Meeting of the Company held on 26/08/2020 for issue in tranches, (amount not exceeding Rs.3,725 crore), upto the conclusion of next Annual General Meeting. The Board has authorized a Committee to decide on the terms and conditions of the Issue like timing of the Issue(s), size, number of securities, tenure, coupon etc. (These approvals are revalidation of the earlier resolutions of the Board as required under Master Direction Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021).

Certificate u/r 52(5) of the SEBI(LODR) Regulations by M/s. SBICAP Trustee Company Ltd., the Debenture Trustee of the Company for the half year ended 31/03/2021 will be submitted separately within the prescribed time limit.

Further, we are pleased to inform that the Board of Directors of the Company have recommended a dividend of Rs.2/- per equity share of the face value of Rs.2/- each to the shareholders of the Company for the financial year 2020-21, subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.

The meeting of the Board of Directors commenced at 05:15 p.m. and concluded at 06:20 p.m.

This may please be treated as compliance made under Regulations 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of SEBI (Prohibition of Insider Trading) Regulations, 2015 and Company's Code of Conduct, the trading window will open on 03/05/2021 (Monday).

This intimation letter along with annexures are being made available on the Company's website www.canfinhomes.com simultaneously.

Kindly take the above intimation and documents on record.

Thanking you,

Yours faithfully, For Can Fin Homes Ltd.,

Veena G Kamath AGM & Company Secretary

Enel: As above.

Annexure -

—

PART 1						Rs. in lakhs
		Statement of Audited Results for the Quarter and Year ended March 31 2021	Quarter Ended			For the Year Ended
Sl.No.	Particulars	March 31 2021	December 31 2020	March 31 2020	March 31 2021	March 31 2020
		Audited	Unaudited &Reviewed	Audited	Audited	Audited
1	Income from Operations:
	- Interest Income-Fees and Commission Income	46,059.32667.59	49,962.37309.14	52,505.06376.69	2,00,636,711,177.27	2,01,890.591,150.72
	- Other IncomeTotal Income	8.4546,735.36	4.7750,276.28	3.7752,885.52	29.132,01,843.12	3.772,03,045.08
2	Expenditure:- Finance Costs	27,483.77	28,921.33	33,658.81	1,20,832.66	1,34,420.98
	-Fees and Commission Expense	557.47	337.39	320.31	1,199.05	1,231.46
	- Employee Benefit expense- Depreciation and Amortisation	2,193.55	1,992.19	1,549.05	6,998.42	5,656.50
	- Provisions for Expected Credit Loss and Write offs	243.46766.11	255.32162.62	278.494,083.53	957.276,853.17	947.136,031.57
	- Other Expenses	1,289.98	859.86	1,103.05	3,244.52	2,928.79
	Total Expenditure	32,534.34	32,528.70	40,993.24	1,40,085.10	1,51,216.43
3	Profit Before Tax	14,201.02	17,747.57	11,892.28	61,758.02	51,828.65
4	Tax Expenses
	- Current Tax- Deferred Tax	4,020.59	4,539.42	3,818.35	17,307.21	15,018.52
	Total Tax Expenses	(76.61)3,943.98	16.184,555.60	(1,017.34)2,801.01	(1,155.23)16,151.99	(802.22)14,216.31
5	Net Profit afterTax	10,257.04	13,191.97	9,091.27	45,606.03	37,612.35
	OtherComprehensive Income (net of tax)	86.38	(70,38)	(22.25)	(2-94)	(171.03)
6	Total Comprehensive Income	10,343.42	13,121.59	9,069.02	45,603.10	37,441.32
7	Paid-up equity share capital (Face value of ?2/- per share)	2,663.31	2,663.31	2,663.31	2,663.31	2,663.31
8	Reserves excluding Revaluation Reserves as per balancesheet of previous accounting year	2,58,317.46	2,12,343.54	2,12,343.54	2,58,317.46	2,12,343.54
9	Earnings Per Share (EPS) (of *2/-each)	(As at 31/03/2021)	(As at 31/03/2020)	(As at 31/03/2020)	(As at 31/03/2021)	(As at 31/03/2020)
	(a) Basic(b) Diluted	7.707.70	9.919.91	6.836.83	34.2534.25	28.2528.25
NOTES:1	As required by Ind AS 109, the company has developed a model to calculate expected credit losses ( ECL). Summary results from this model indicate that the companyis carrying provisions in excess of its requirements. The Company is required to provide provisions as per prudential norms prescribed by NHB. The provisions heldas per NUB norms are in excess ofthe provision required as per the ECL model.
2	The Company's main business is to provide loans for the purchase and construction of residential houses. The Company is also involved in the corporate insuranceagency business activity; however it is not a separate reportable segment as per the Ind AS 108 "Operating Segments", specified under Section 133 of the CompaniesAct. 2013. As such there is no reportable segment(s), as per the IND AS'Operating Segments" specified undersection 133 ofthe Companies Act,2013.
3	At their Board meeting held on April 30, 2021, the Board of Directors have recommended a dividend of Rs 2 per share subject to approval of the shareholders at the
4	Annual General Meeting.The Company has maintained 100% Asset Cover on its secured redeemable non-convertible debentures as on March 31,2021 (floating charge on hypothecation of book
	debts and receivables). That proceeds of the NCDs are used for the objects that were stated in the offer document(s).
5	Consequent to the outbreak of the COVID-19 pandemic, the Indian government announced a lockdown in March 2020. Subsequently, the national lockdown was liftedby the government, but regional lockdowns continue to be implemented in areas with significant number of COVID-19 cases. Subsequently India has entered thesecond wave of the pandemic where the number of COVID cases have increased significantly and has resulted in re-imposition of localised lockdowns in various partsof the Country. The impact on the Company's operations and financial position, including the credit quality and requirement for provisioning, is uncertain and willdepend on future steps taken by the Government/Reserve Bank of India till such time that the economic activities return to normalcy, which is highly unpredictable.The Company will continue to closely monitor any material changesto the future economic/regulatory conditions. However, operating substantially in asset mortgagebusiness, which is relatively stable asset class, no major impact is anticipated at this juncture.
	The RBI on March 27, 2020, April 17, 2020, May 6, 2020 and May 23, 2020 announced 'COVID-19 Regulatory Package1 on asset classification and provisioning. In termsof the guidelines given in the aforesaid RBI circulars, the company has offered a moratorium option to its borrowers whose accounts are standard as on February 29,2020, from payments of instalments falling due between March 01, 2020 to August 31, 2020. Assuch, in respect of all accounts classified asstandard as on February 29,2020, even if overdue, the moratorium period, wherever granted, has been excluded from the number of days past-due for the purpose of asset classification underRegulatory Income Recognition and Asset Classification norms(IRAC) as at March 31, 2021.
	As on March 31,2021, Company holds a provision of Rs. 6,984.05 lakhs, after adjusting against the actual provisioning requirements for slippages from the accountsreckoned for such provisions and utilised for meeting the provision requirements under Resolution Framework for COVID-19-related Stress as per RBI circular datedAugust 6, 2020.
	The disclosures as required by RBI circular dated April 17, 2020 are given below:					As at March 31,
		Particulars				2021
	Amountsin SMA/overdue categories, where the moratorium/deferment was extended (As of March 31, 2020)Amount where asset classification benefitsis extended					1,44,463.6866,060.30
	Provisions made during the Q4FY2020 and Q1FY2021 in terms of paragraph 5					7,289.45
	Provisions adjusted againstslippages in terms of paragraph 6 of the circular					305.40
	Residual provisions in terms paragraph 6 of the circular.					6,984.05

£ o R0. O BASA^AGUD^

Type of borrower	(A) Number ofaccounts whereresolution plan hasbeen implementedunder this window	(B) exposure toaccountsmentioned at (A)beforeimplementation ofthe plan	(C) Of (B),aggregate amountof debt that wasconverted intoothersecurities	(D) Additionalfundingsanctioned, if any,including betweeninvocation of theplan andimplementation	(E) Increase inprovisions onaccount of theimplementation ofthe resolution plan
Personal Loans	526	7,382.84			738.28
Corporate persons
Of which, MSMEs
					2752
					765.81
OthersTotalThe Statutory Auditors of the Company have carried out an audit of the financial results for the quarter and year ended March 31,2021 in complaince of Reg.33 of SEBI7(LODR) Regulations, 2015. The above financial results have been reviewed and recommended by the Audit Committee of the Board and subsequently approved by theBoard of Directors at its meeting held on April 30, 2021,	1527	275.247,658.08

8 Previous period / year figures have been re-grouped wherever necessary.

CAN FIN HOMES LIMITED

	Statement of Assets and Liabilities		(Rs. in lakhs)
	SI No Particulars	As at March 312021 (Audited)	As at March 31 2020(Audited)
	ASSETS
I	Financial Assets
a)	Cash and Cash equivalents	79.25	37,231.93
b)	Bank Balances other than (a)	2,075.30	2,012.06
c)	Derivative Financial Instruments
d)	Receivables
	(i)Trade Receivables	70.80	25.55
	(ii)Other Receivables
e)	Loans	21,89,148.23	20,52,569.25
0	Investments	4,960.39	2,430.50
K)	Other Financial Assets	369.66	302,63
II	Non-Financial Assets
a)	Current Tax Assets ( Net)	1,830.19	2,403.93
b)	Deferred Tax Assets(Net)	4345.46	3389.25
c)	Property, Plant and Equipment	3,782.44	3,789.74
d)	Other non-financial assets	512.75	203.76
	TOTAL	22,07374.47	21,04,358.61
	LIABILITIES AND EQUITY
	LIABILITIES
I	Financial Liabilities
	Payables
a)
	Trade Payables
	(i) total outstanding dues of micro enterprises and small
	enterprises
	(ii) total outstanding dues of creditors other than microenterprises and small enterprises	432.58	400.35
	Other Payables
	(i) total outstanding dues of micro enterprises and small
	enterprises
	(ii) total outstanding dues of creditors other than micro
	enterprises and small enterprises		23.60
b)	Debt Securities	4,89,130.24	3,80,955.13
c)	Borrowings (Other than debt securities)	13,85,621.47	1433,089.75
d)	Deposits	44,247.15	30308.05
e)	Subordinated Liabilities	10.291.47	10,291.47
0	Other Financial Liabilities	5,078.10	5371.82
II	Non-Financial Liabilities
a)	Current tax liabilities (Net)
b)	Provisions
c)	Deferred tax liabilities (Net)	10,225.35	6,623.03
d)	Other non-financial liabilities	1,367.34	1,588.57
III	EQUITY
a)	Equity Share capital
	b) [other Equity______	2,663.31	2.663.31
	TOTAL	2,58,317.4622,07,374.47	2,12,34354
			21,04,358.61

CAN FIN HOMES LIMITED Cash Flow Statement

			(Rupees in lakhs)
SI. No	Particualrs	Year ending March2021	Year ending March2020
A)	Cash Flow from Operating Activities
	Net Profit BeforeTax and Exceptional Items	61,758.02	51,828.65
	Add:
')	Adjustment For:
	Depreciation and Amortization	957.27	947.13
	Loss/(Profit) on Sale of Assets [net]	70.15	1.85
	Provision no longer required written back
	Interest on lease liability	296.48	314.40
	Loss/(gain) on leasesliability	(113.40)
	Interest expense accrued but not paid	8,419.34	11,451.48
	Interest income accrued but not received	(42.20)	(7.14)
	Impairment offinancial instruments	6,853.17	6,031.57
	Fair Value adjustments on Debentures	63.39	107.62
	Fair Value adjustments on Investments	3.32	2.57
	Operating Profit before Working Capital Changes	78,265-53	70,678.13
	ii) Adjustment For Working Capital:
	(IncreaseJ/Decrease in Trade Receivables	(45.25)	(11.64)
	Increase/(Decrease) in Trade Payables	8.63	77.38
	(IncreaseJ/Decrease in Other Financial Assets	(24.83)	(28.85)
	(IncreaseJ/Decrease in Loans	(1,43,432.15)	(2,35,183.25)
	Increase/(Decrease) in Provisions	3,598.39	3,730.82
	(Increase)/Decrease in Other non-financial assets	(308.98)	(55.93)
	Increase/(Decrease) in Other financial liabilities	(9,264.48)	(11,388.57)
	Increase/(Decrease) in Other non-financial liabilities	(221.23)	390.17
		(1,49,689.89)	(2,42,469.86)
	Cash Generated from Operations	(71,424.35)	(1,71,791.73)
	Less: Income Tax Paid	13,699.57	12,419.80
	Net Cash Flow from Operating Activities	(85,123.92)	(1,84,211.54)
B)	Cash Flow from Investing Activities
	Purchase of Property, Plant and Equipment	(234.24)	(374.31)
	Sale of Property, Plant and Equipment	4.32	3.74
	Investment in Government Securities	(2,533.21)	(803.48)
	(Increase)/Decrease in Other Bank balances	(63.23)	(140.12)
	Net Cash Flow from Investing Activities	(2,826.36)	(1,314.17)
C)	Cash Flow from Financing Activities
	Short term borrowings (net)	78,049.33	(19,610.19)
	Long Term Borrowings taken	3,87,000.00	5,03,000.00
	Long Term Borrowings repaid	(5,32/517.60)	(1,18,439.10)
	Proceeds from deposits accepted (net)	13,739.11	4398.57
	(net)Debt Securities	1,08,111.72	(1,82,621.04)
	Payment of lease liability	(921.88)	(913.51)
	Dividend and dividend distribution tax paid	(2,663.08)	(3,210.53)
	Net Cash Flow from Financing Activities	50,797.59	1,82,604.19
	Increase/(Decrease) in Cash& Cash Equivalents	(37,152.68)	(2,921.52)
	& Cash Equivalents at the Beginning of the YearCash
	& Cash Equivalents at the end of the YearCash	37,231.9379.25	40,153.4537,231.93
	Other Notes:
	Cash and Cash equivalents include:
	Cash on hand	72.75	41.32
	Cheques on hand	5.34
	Balance with Banks
	- Current Accounts	1.16	190.61
	- Fixed Deposits		37,000.00
	Total	79.25	37,231.93

In terms of our report attached. For Varma & Varma, Chartered Accountants FRN:- 004532S Digitally signed by

Georgy Mathew Georgy Mathew Georgy Mathew Date: 2021.04.30 18:05:00 +05'30'

Partner Membership No: 209645

Place: Bengaluru Date: 30.04.2021

For and on behalf of the Board of Directors of M/s Can Fin Homes Ltd.,

_)

Girish Kousgi Managing Director & CEO

Varma & Varma Chartered Accountants

Independent Auditor's Report on Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

TO THE BOARD OF DIRECTORS OF CAN FIN HOMES LIMITED,

Opinion

We have audited the accompanying statement of financial results of CAN FIN HOMES LIMITED (the company) for the quarter ended 31st March'2021 and year to date results for the period ended from 1 st April'2020 to 31st March, 2021, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:

• a) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
• b) give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 ("the Act") read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended 31st March'2021 and year to date results for the period ended from 1st April'2020 to 31st March, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

We draw your attention to Note 5 to the financial results which describes the probable impact of the COVID-19 pandemic on the Company's operations and financial position, including the credit quality and requirement for provisioning, is uncertain and will depend on future steps as they evolve and is highly unpredictable at this stage.

Our opinion is not modified in respect of this matter.

Management's Responsibilities for the Financial Results

This statement which, includes financial results for the three months and year ended 31st March, 2021 have been compiled from the annual audited financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• o Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• o Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
• o Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

Page 2 of 3

Varma & Varma

Chartered Accountants

• o Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• o Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

• 1. We did not audit the financial statements of 168 branches included in the financial statements of the Company whose financial statements reflect total assets of Rs. 15,87,295.33 lakhs as at 31st March 2021 and total revenues of Rs. 1,44,453.28 lakhs for the year ended on that date, as considered in the financial statements. The financial statements of these branches have been audited by the branch auditors whose reports have been furnished to us, and our opinion in so far as it relates to the amounts and disclosures included in respect of these branches, is based solely on the report of such branch auditors.
• 1. Statement includes the figures for the quarter ended 31st March 2021 and corresponding quarter ended 31st March 2020 which are the balancing figures between the annual audited figures in respect of the full financial year ended on such dates and the published unaudited year to date figures upto nine months of the relevant financial year, which were subject to limited review by us.

Our opinion is not modified in respect of the above matters.

For VARMA & VARMA Chartered Accountants FRN 004532S Georgy Mathew Georgy Mathew Digitally signed by Georgy Mathew Date: 2021.04.30 18:06:32 +05'30'

Place: Bengaluru Partner Date: 30/04/2021 M No. 209645 ICAI UDIN: 21209645AAAAEN5679

Page 3 of 3

Annexure- III

CAN FIN HOMES LTD Registered Office No. 29/1, 1st Floor, M N Krishna Rao Road Near Lalbagh West Gate, Basavanagudi Bengaluru - 560 004 E-mail :compsec@canfinhomes.com Tel:080 26564259 Fax:26565746 Web: www.canfinhomes.com CIN: L85110KA1987PLC008699

DECLARATION IN RESPECT OF AUDIT REPORT WITH UNMODIFIED OPINION FOR THE FINANCIAL YEAR ENDED MARCH 31. 2021

This is to confirm that M/s. Varma & Varma, Statutory Auditors of the Company have issued Audit Reports with unmodified opinion on the Standalone Financial Results for financial year ended March 31, 2021.

This declaration is provided pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For Can Fin Homes Ltd.,

Date: 30/04/2021 Place: Bengaluru

Prashanth Joishy AGM & Chief Financial O

	CAN FIN HOMES LTD (CIN: L85110KA1987PLC008699)
	Audited Standalone Financial Results for the half year ended March 31, 2021
	Additional Information in compliance with Chapter V (Obligations of Listed Entity which has listed its NonConvertible Debt Securities) of SEBI (LODR) Regulations,2015
(a)	Details of Credit Rating:(i) India Rating & Research Pvt Ltd-Fitch Group
	Secured Non-Convertible debentures Rs. 5660 Crore ( Rs.1247 Crissued and outstanding as on the date of rating letter)	"IND AA"(Outlook: Stable)
	Subordinated Debt Programme Rs.300 Crore	"IND AA"(Outlook: Stable)
	(ii) Credit Analysis and Research Ltd
	Secured Taxable Non-Convertible debentures Rs. 8000 Crore(Rs.2662 Cr issued and outstanding as on the date of rating letter)	"CARE AAA" (Negative)
	Subordinated Debt Programme Rs.300 Crore(iii) ICRA Limited	"CARE AAA" (Negative)
	Secured Non-Convertible debenture programme Rs.4620 Crore	[ICRA] AA+ (Stable)
	Subordinated Debt Programme Rs.300 Crore	[ICRA] AA+ (Stable)
(b)	Asset Cover available:
	The listed Secured Redeemable Non-Convertible Debentures of the Company aggregating Rs. 1247

Crore as on March 31, 2021 are secured by first and exclusive floating charge on specified assets by way of Hypothecation of book debts and receivables. The total asset coverage works out to Rs.1277.41 crore against the outstanding Rs. 1247 Crore, thereof exceeds the required cover to be maintained for the said debentures.

	Particulars	As on March 31, 2021
(c)	Debt Equity Ratio	7.39
(d)	Previous due dates for the payment of interest of Non-ConvertibleDebentures (01/10/2020 to 31/03/2021)	Details as per Annexure A
(e)	Next due date for the payment of interest of Non-ConvertibleDebentures (01/10/2020 to 31/03/2021)	Details as per Annexure B
(f)	Previous due dates for payment of Principal along with interest ofNon-Convertible Debentures from (01/10/2020 to 31/03/2021)	Details as per Annexure C
	Next due dates for payment of Principal along with interest of NonConvertible Debentures from (01/10/2020 to 31/03/2021)	Details as per Annexure D
(9)	Debt Service Coverage ratio	0.24
(h)	Interest Service Coverage ratio	1.51
(i)	Net Worth (Rs. in Cr) (as on 31/03/21)	2,609.81
	Net Profit after Tax (Rs. in Cr)	234.46
(k)	Earnings per share (EPS) -Basic (Amount in Rs.)	17.61

*As per Companies Act,2013 and Rule 18(7)(b) (ii) of Companies(Share Capital and Debenture) Rules, 2014, made there under. Housing Finance Companies registered with the National Housing Bank are exempted from creating a Debenture Redemption Reserve in respect of privately placed debentures, due to which DRR is not applicable to the Company.

ANNEXUREA

	01/10/2020 to 31/03/2021:	Details of previous due dates for payment of Interest of Non-Convertible Debentures from
SI.	ISIN	Due dates ofInterest during	Interest Amount	Status of
No.		last half year	(In Crore)	Payment

No.		last half year	(In Crore)	Payment
1	INE477A07266(200 Cr)	17-10-2020	14.88	Paid
2	INE477A07258(400 Cr)	26-10-2020	7.38	Paid
3	INE477A07217(122 Cr)	16-11-2020	9.48	Paid
4	INE477A07274(200 Cr)	30-11-2020	15.28	Paid
5	INE477A08025(100 Cr)	03-12-2020	8.94	Paid
6	INE477A07266(200 Cr)	16-01-2021	3.75	Paid
7	INE477A07274(200 Cr)	26-02-2021	3.81	Paid
8	INE477A07282(250 Cr)	01-03-2021	19.63	Paid

ANNEXURE B

Details of next due dates for payment of Interest of Non-Convertible Debentures from 01/04/2021 to 30/09/2021: ___ ________ _______

Sl.no	ISIN	Due dates of Interestduring next half year	Interest Amount(In Crore)	Status
1	INE477A07241(600 Cr)	18-05-2021	47.34	Not yetdue

ANNEXUREC

Details of previous due dates for Redemption of Non-Convertible Debentures from 01/10/2020 to 31/03/2021: Redemption Amount Status (In Crore) Due dates of Redemption during last half year Sl.no ISIN 1 INE477A07258(400 Cr) 26-10-2020 400 Paid

16-01-2021 26-02-2021

3 200 Paid

INE477A07266(200 Cr) 200 Paid

ANNEXURE D

2

INE477A07274(200 Cr)

Details of next due dates for Redemption of Non-Convertible Debentures from 01/04/2021 to 30/09/2021: Sl.no Due dates of Redemption during next half year Redemption Amount (In Crore) ISIN Status Nil

ofStatementDeviation/Variation	utilisationoffundsin	raised
oflistedentityName		CanFin	HomesLimited
ofRaisingModeFund		/PublicIssuesIssuesRights/
		Preferential	//IssuesQIP	Others
ofRaisingFundsDate	Notapplicable	forQ4FY21
AmountRaised		Notapplicable	forQ4FY21
forReportfiledQuarterended	31/03/2021
MonitoringAgency	applicableNot	forQ4FY21
ifMonitoringapplicableAgencyName,	Notapplicable	forQ4FY21
/thereDeviationVariationinIsa	Notapplicable	forQ4FY21
Ifwhethertheispursuantyes,same
tochangeinofcontractorobjects,whichtermswasapproveda
shareholders___________________________bythe
ofIfshareholderYes,Date	Approval
forExplanationtheDeviation/	Variation
oftheAuditCommentsCommittee	afterreview
oftheifauditors^Commentsany
forwhichfundsObjectshavetherejias^beendeviation,ina	beenraisedandwherethefollowingtable
OriginalObject	ModifiedObject,	ifany	OriginalAllocation	Modifiedallocationifany	FundsUtilised	ofAmountforDeviation/Variationaccordingthequartertoapplicableobject	Remarksifany

Veena G Kamath AGM & CS

Prashanth Joishy AGM & CFO

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount offunds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

ofStatementDeviationVariation/	offundsutilisationin	raised
ofentitylistedName		Can	HomesLimitedFin
ofRaisingModeFund		Issues/Publ-icPrivatePlacement
ofInstrumentType		Non-ConvertibleDebentures/NonPreferenceShares
ofRaisingFundsDate			24/12/2020
AmountRaised		Rs.275	Crore
forfiledhalfyearReportended			31/03/2021
VariationoffundsthereDeviation/inuseraisedIsa		Nil
approvaltoofWhetheranyisrequiredvarytheobjects
issueinprospectus/offerthestatedthedocument?
detailsoftheapprovalsorequired?yes,
ofapprovalDate
forExplanationtheDeviation/	Variation
ofAuditCommentstheCommittee	afterreview	None
ofifauditors,Commentstheany		None
forwhichfundsObjectshavebeendeviation,followinginthehasbeena	raisedwherethereandtable
OriginalObject	ifModifiedObject,	any	OriginalAllocation	Modifiedallocation,ifany	FundsUtilised	ofAmountforDeviation/Variationquarteraccordingthetoapplicableobject	Remarksifany

Veena G Kamath AGM & CS

Prashanth Joishy AGM & CFO

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or______________

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

Sr.No.	Particulars	Details
1	Name ofthe company	Can Fin Homes Limited
2	CIN	L85110KA1987PLC008699
3	ofOutstandingborrowingcompanyason31.03.2021*(Rs. in Crore)	13389.89
4	Highest Credit Rating During the previous FY alongwith name ofthe Credit Rating Agency	ICRA AA+
5	Name ofStock Exchange in which the fine shall bepaid, in case ofshortfall in the required borrowingunder the framework	NSE

Initial Disclosure of Can Fin Homes Limited as a Large Corporate

We confirm that Can Fin Homes Limited is a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Veena G Kamath Prashanth Joishy Company Secretary Email :compsec@canfinhomes.co Contact No.: 080-26564259

Chief Financial Officer BASAVANAGUDI / ^ Email: joishy@canfinhomes.com & Contact No.: 080-26567631

Date:

Outstanding borrowings of the company having original maturity of more than one year and excluding external commercial borrowings and inter-corporate borrowings between a parent and subsidiary(ies).

\y galu^

Annual Disclosure by Can Fin Homes Limited as a Large Corporate

• 1. Name of the Company: Can Fin Homes Limited
• 1. CIN: L85110KA1987PLC008699
• 1. Report filed for FY: 2020-21

4. Details of the borrowings (all figures in Rs crore):

Sr.	Particulars	Details
No.(i)	Incremental borrowing done in FY (2020-21)(a)	4145.63
(ii)	Mandatory borrowing tobe done through issuance ofdebt securities(b) = (25%of a)	1036.41
(iii)	Actual borrowings done through debt securities in FY(2020-21)	275.00
(iv)	Shortfallin themandatory borrowing through debtsecurities, ifany(d) = (b) - (c)	761.41
(v)	ifforshortfall,mandatoryany,Reasonsinborrowings through debtsecurities	Getting funds from othersources atcompetitiverates_________

We confirm that Can Fin Homes Limited is a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Veena G Kamath Prashanth Joishy Company Secretary Email :compsec@canfinhomes.cor^^BASAVANAGUDi^ Contact No.: 080-26564259

Chief Financial Officer Email :joishy@canfinhomes.com

Contact No.: 080-26567631 & £

Date: . OH-. ZOZ.)