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The Composite Application Form (CAF) was a physical form issued to eligible shareholders during a rights issue, allowing them to apply for their entitled shares, request additional shares, or renounce their rights entitlement.
The CAF number was a unique reference number printed on this form to identify each shareholder’s application and entitlement. It was used by the company and the registrar for tracking and processing physical applications.
However, with most rights issues now being processed through ASBA (Application Supported by Blocked Amount) or R-WAP (Registrar’s Web Application Platform), physical CAFs are rarely used. In such online applications, no CAF number is required — shareholders apply digitally using their demat account and PAN details instead.
