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Latest filing: 2026-09-08 21:35
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34 announcements match the current filters (relevance ≥ 5).
Fusion Finance transfers ₹54.16 Cr stressed loan portfolio to ARC for ₹35.20 Cr
Fusion Finance Limited has sold a stressed loan portfolio with an outstanding value of ₹54.16 crores (as of June 30, 2026) to an Asset Reconstruction Company (ARC). The bilateral transaction was executed on September 7, 2026, for a total consideration of ₹35.20 crores, representing a recovery/realization rate of ~65% on the outstanding book. The sale was carried out in accordance with RBI directions on the transfer of credit risk. This transaction helps the company clean up its stressed book following significant portfolio stress in FY25.
Confidence: HIGH
What changedFusion Finance transferred ₹54.16 Cr of stressed loans to an ARC for ₹35.20 Cr in cash/consideration.
Why it mattersCleans up NPAs/stressed assets and provides an immediate liquidity infusion of ₹35.20 Cr, aiding the company's turnaround after deep credit losses in FY25.
Outstanding value of portfolio: ₹54.16 croresConsideration amount: ₹35.20 croresRealization rate: ~65%Consideration vs TTM revenue: ~2.02%
📅 Short termMarginally positive sentiment as the company continues to de-risk its balance sheet and recover capital from legacy delinquent loans.
📈 Long termPositive step in normalizing asset quality metrics, though resolving broader credit costs and sustaining loan growth post-FY25 microfinance stress remains the critical driver.
⚠ Risk flags
- Haircut of ~35% on the gross outstanding value
- Cash vs Security Receipts breakdown for the ₹35.20 Cr consideration not specified
Key Highlights
Sold stressed loan portfolio with outstanding value of ₹54.16 crores as on June 30, 2026
Realized consideration of ₹35.20 crores via bilateral sale to an ARC
Transaction represents a ~65% realization on the gross outstanding value
Executed on September 7, 2026 pursuant to RBI Directions, 2025
👀 What to Watch
Track the upcoming Q2 FY27 results to see the exact provisioning write-backs or accounting impact from the ₹35.20 crore ARC consideration.
67% QoQ PBT Growth: Fusion Finance Reports Strong Q1 FY27 Results with Improving Asset Quality
Fusion Finance reported a significant recovery in Q1 FY27, with Profit Before Tax (PBT) rising 67% QoQ to Rs 62 crore. Asset quality showed marked improvement as Gross NPA fell to 2.51% from 3.21% in the previous quarter, while credit costs declined for the seventh consecutive quarter to Rs 40 crore. Net Interest Margins (NIM) expanded to 11.93%, supported by a 246 bps YoY reduction in the marginal cost of borrowing to 10.1%. The company maintained a robust capital position with a CRAR of 36.95% and liquidity of Rs 1,880 crore.
Confidence: HIGH
What changedThe company has transitioned from a period of stabilization and heavy provisioning (FY25 losses) to profitable growth with improving asset quality metrics in Q1 FY27.
Why it mattersThe sharp improvement in Gross NPA (2.51%) and NIM (11.93%) suggests that the company's risk-calibrated underwriting is working, which is critical for an NBFC-MFI to regain investor confidence after a volatile FY25.
Profit Before Tax (Q1 FY27): Rs 62 CrGross NPA: 2.51%Net Interest Margin: 11.93%Capital Adequacy Ratio (CRAR): 36.95%Disbursement Growth (YoY): 88%Liquidity Position: Rs 1,880 Cr
📅 Short termPositive sentiment is expected in the short term as the market reacts to the sharp QoQ PBT jump and the significant reduction in credit costs.
📈 Long termStructural recovery appears to be underway; the focus on AI-driven underwriting and MSME expansion could drive long-term ROE improvement if asset quality remains stable.
⚠ Risk flags
- Historical earnings volatility (FY25 loss of Rs 1225 Cr)
- Sensitivity of MFI segment to rural economic stress
- Execution risk in phased rollout of new Loan Management System
Key Highlights
Profit Before Tax (PBT) increased 67% QoQ to Rs 62 crore in Q1 FY27
Gross NPA improved significantly to 2.51% from 3.21% in Q4 FY26
Disbursements grew 88% YoY to Rs 1,783 crore, indicating aggressive growth
Net Interest Margin (NIM) expanded to 11.93% from 10.29% in Q1 FY26
Credit costs declined 78% YoY to Rs 40 crore, marking the 7th consecutive quarter of reduction
👀 What to Watch
Monitor the sustainability of asset quality improvements and the impact of the new Loan Management System rollout on operating costs. Watch if the company can maintain the 99.8% collection efficiency in the MFI segment amidst rural economic shifts.
Rs 62.41 Cr PAT: Fusion Finance Returns to Profit in Q1 FY27; Launches Individual Loans
Fusion Finance has reported a significant turnaround in Q1 FY27, posting a Net Profit of Rs 62.41 Cr compared to a loss of Rs 92.25 Cr in the same quarter last year. Total income stood at Rs 458.31 Cr, showing steady performance while maintaining a robust Capital Adequacy Ratio (CRAR) of 36.95%. The company is diversifying its portfolio by launching 'Individual Loans' as a new product category, moving beyond its traditional group-lending microfinance model. Asset quality remains manageable with a Gross Stage III ratio of 2.51% and a high Provision Coverage Ratio of 81.53%.
Confidence: HIGH
What changedThe company has returned to profitability after a volatile FY25 and has officially expanded its product suite to include individual lending alongside its core microfinance operations.
Why it mattersThe return to profit and high CRAR (36.95%) suggests the company has successfully navigated previous portfolio stress. Diversifying into individual loans reduces reliance on the Joint Liability Group (JLG) model, which is often susceptible to systemic regional risks.
Net Profit (Q1 FY27): Rs 62.41 CrGross Stage III %: 2.51%CRAR: 36.95%Net Profit Margin: 13.62%Rights Issue Utilization: 86.5%
📅 Short termThe stock is likely to react positively to the bottom-line turnaround and the stabilization of asset quality metrics.
📈 Long termThe introduction of individual loans could lead to a more balanced AUM mix and improved customer retention, though execution in a non-group lending format is a key monitorable.
⚠ Risk flags
- Execution risk in the new individual loan segment
- Historical earnings volatility
- Potential forfeiture of Rs 1.07 Cr in rights issue calls-in-arrears
Key Highlights
Reported a Net Profit of Rs 62.41 Cr for Q1 FY27, a sharp recovery from the Rs 92.25 Cr loss in Q1 FY26.
Gross Stage III assets maintained at 2.51% with a Net Stage III of 0.47%, indicating controlled credit risk.
Capital Adequacy Ratio (CRAR) remains strong at 36.95%, well above regulatory requirements.
Utilized Rs 691.72 Cr (approx. 86%) of the Rs 799.86 Cr raised through the May 2025 Rights Issue.
Transferred MFI loans worth Rs 238.90 Cr through assignment during the quarter to manage liquidity and risk.
👀 What to Watch
Investors should monitor the scale-up and delinquency rates of the newly launched 'Individual Loans' product, as it represents a shift in the risk profile. Watch for the sustainability of the 13.62% net profit margin in upcoming quarters to confirm the turnaround is structural.
₹14 Cr PAT: Fusion Finance Confirms FY26 Turnaround and Targets ₹10,000 Cr AUM at AGM
Fusion Finance concluded its 32nd AGM, confirming a successful turnaround in FY26 with a Profit After Tax of ₹14 cr, recovering from a massive ₹1,225 cr loss in FY25. The company significantly bolstered its balance sheet through an ₹800 cr Rights Issue, resulting in a robust Capital Adequacy Ratio of 36.46% and a Net Worth of ₹2,456 cr. Management has set a clear growth trajectory, targeting a 20-25% CAGR to reach an AUM of approximately ₹10,000 cr. Asset quality showed marked improvement with Gross NPA declining to 3.21% and Net NPA to 0.5%.
Confidence: HIGH
What changedThe company has officially transitioned from a period of heavy losses and capital stress to a profitable, well-capitalized entity with a renewed growth mandate.
Why it mattersThe successful turnaround and high capital adequacy (36.46%) reduce immediate solvency risks and provide the necessary 'dry powder' to scale the MSME and MFI portfolios toward the ₹10,000 cr target.
FY26 Profit After Tax: ₹14 crRights Issue Size: ₹800 crCapital Adequacy Ratio: 36.46%Gross NPA: 3.21%Target AUM Growth (CAGR): 20-25%Rights Issue vs Market Cap: ~22.3%
📅 Short termThe confirmation of profitability and strong capital ratios is likely to support investor confidence in the stock's recovery path over the coming weeks.
📈 Long termIf the company executes its 'quality before growth' strategy and hits the ₹10,000 cr AUM target while keeping credit costs <2.5%, it could lead to a structural re-rating of the business.
⚠ Risk flags
- Historical earnings volatility
- Sector-specific regulatory risks in microfinance
- Execution risk in scaling the MSME segment
Key Highlights
Achieved a turnaround PAT of ₹14 cr in FY26 compared to a loss of ₹1,225 cr in the previous fiscal year.
Strengthened capital position via an ₹800 cr Rights Issue, representing ~22% of current market cap.
Assets Under Management (AUM) stood at ₹7,407 cr with a future target of ~₹10,000 cr.
Capital Adequacy Ratio (CAR) reached a high of 36.46%, providing significant room for lending expansion.
Asset quality improved with Gross NPA at 3.21% and Q4 collection efficiency hitting 99.66%.
👀 What to Watch
Investors should monitor the company's ability to maintain credit costs below the 2.5% target while pursuing its 20-25% CAGR growth guidance. The key metric to watch will be the sustainability of the 99.66% collection efficiency in upcoming quarters.
Fusion Finance Issues Second Reminder for ₹65.50 Call Money on 3.92 Lakh Partly Paid Shares
Fusion Finance Limited has issued a second reminder-cum-forfeiture notice regarding the first and final call money for 3,92,088 outstanding partly paid-up equity shares. Shareholders are required to pay ₹65.50 per share (₹5 face value and ₹60.50 premium) plus 10% interest per annum for the delay period. The payment window is open from June 22, 2026, to July 06, 2026. Failure to comply will result in the forfeiture of the shares and all previously paid amounts.
Key Highlights
Call money amount is ₹65.50 per share, consisting of ₹5 face value and ₹60.50 premium.
Applies to 3,92,088 partly paid-up shares issued via the Rights Issue dated March 29, 2025.
Interest of 10% p.a. is charged for the 192-day delay from December 12, 2025, to June 21, 2026.
The final payment deadline is July 06, 2026, after which shares will be liable for forfeiture.
Payments must be made through Axis Bank collection centers or via registered post to the RTA.
👀 What to Watch
Holders of these partly paid shares must complete the payment including interest by July 06, 2026, to prevent the total loss of their investment. Other investors should note this as a procedural step to finalize the company's paid-up capital structure.
Fusion Finance Wins Tax Case; ITAT Dismisses ₹27.80 Crore Demand Appeal
Fusion Finance Limited has received a favorable ruling from the Income Tax Appellate Tribunal (ITAT), New Delhi, which dismissed appeals filed by the Income Tax Department. The dispute concerned the tax withholding rate on interest payments to foreign NCD holders for AY 2020-21 and AY 2021-22, where the department sought a 20% rate instead of the 5% applied by the company. This ruling effectively clears a total tax and interest demand of ₹27.80 crore. The company maintains that this will have no negative impact on its financial or operational activities.
Key Highlights
ITAT New Delhi dismissed the Income Tax Officer's appeal for Assessment Years 2020-21 and 2021-22.
Total dismissed demand amounts to ₹27.80 crore, including ₹16.62 crore for AY 20-21 and ₹11.18 crore for AY 21-22.
The dispute involved the application of Section 194LD (5% tax) versus Section 196D (20% tax) on interest paid to foreign NCD holders.
The ruling upholds a previous decision by the CIT(A) which had already deleted the demand in favor of the company.
The company was previously treated as a 'deemed assessee in default', a status now effectively cleared by this tribunal order.
👀 What to Watch
Investors should view this as a positive resolution of a significant tax uncertainty, confirming the company's compliance and removing a potential financial liability from the books.
Fusion Finance Q4 PAT at ₹114 Cr; AUM Grows 8% QoQ to ₹7,407 Cr as Asset Quality Improves
Fusion Finance returned to full-year profitability in FY26 with a PAT of ₹13.85 crore, supported by a strong Q4 PAT of ₹114.19 crore, which included a deferred tax credit of ₹76.78 crore. Assets Under Management (AUM) grew 8% sequentially to ₹7,407 crore, ending a six-quarter period of degrowth. Asset quality showed significant improvement with Gross NPA declining to 3.21% from 4.38% in the previous quarter. The company maintains a robust capital position with a CRAR of 36.46% and high collection efficiency of 99.66%.
Key Highlights
AUM grew 8% QoQ to ₹7,407 crore, reversing a six-quarter trend of degrowth.
Gross NPA improved significantly to 3.21% from 4.38% in Q3 FY26; Net NPA stands at 0.51%.
Net Interest Margin (NIM) expanded to 11.44% in Q4 FY26, driven by lower borrowing costs.
Average collection efficiency reached 99.66%, with the new MFI book at 99.77%.
Capital Adequacy Ratio (CRAR) remains very strong at 36.46% with liquidity of ₹1,913 crore.
👀 What to Watch
Investors should view the return to growth and sharp improvement in asset quality as a positive turnaround signal. Monitor the sustainability of core operating profits excluding one-time tax adjustments in future quarters.
Fusion Finance FY26 Total Income at ₹1,734.5 Cr; MD & CEO Re-appointed
Fusion Finance reported a total income of ₹430.14 crore for Q4 FY26, a marginal sequential increase from ₹424.10 crore in Q3. However, the full-year FY26 total income of ₹1,734.50 crore reflects a significant decline compared to ₹2,368.89 crore in FY25. On a positive note, impairment costs have drastically reduced to ₹55.64 crore in Q4 FY26 from ₹254.68 crore in the year-ago period. The board has also ensured leadership continuity by re-appointing Sanjay Garyali as MD & CEO.
Key Highlights
Total income for FY26 stood at ₹1,734.50 crore, down from ₹2,368.89 crore in FY25.
Q4 FY26 total income reached ₹430.14 crore, showing a slight recovery of 1.4% over Q3 FY26.
Impairment on financial instruments decreased significantly to ₹55.64 crore in Q4 FY26 from ₹254.68 crore in Q4 FY25.
Board approved the re-appointment of Mr. Sanjay Garyali as Managing Director & CEO, subject to shareholder approval.
Statutory auditors issued an unmodified opinion for FY26, though they highlighted a prior qualification regarding FY25 credit allowances.
👀 What to Watch
Investors should focus on the improving asset quality as evidenced by lower impairment costs, while remaining cautious about the year-on-year revenue contraction. Monitor the upcoming AGM for the final approval of the MD's re-appointment and further guidance on growth recovery.
Fusion Finance Reports FY26 Revenue of ₹1,733 Cr; Posts Annual Loss of ₹33.5 Cr
Fusion Finance Limited reported a significant 26.8% year-on-year decline in total revenue from operations, falling to ₹1,733.50 crore for FY26. The company recorded an annual loss before tax of ₹33.52 crore, continuing a trend of losses from the previous fiscal year. However, the fourth quarter showed signs of stabilization with a profit before tax of ₹36.51 crore. The board has also re-appointed Sanjay Garyali as MD & CEO and approved the issuance of shares for the company's ESOP trust.
Key Highlights
Total revenue from operations for FY26 dropped to ₹1,733.50 crore from ₹2,368.89 crore in FY25.
Reported an annual Loss Before Tax of ₹33.52 crore for FY26.
Q4 FY26 Profit Before Tax stood at ₹36.51 crore, a recovery compared to the full-year performance.
Impairment on financial instruments for FY26 was ₹425.17 crore, significantly lower than the ₹1,030.65 crore in FY25.
Board approved the re-appointment of Mr. Sanjay Garyali as Managing Director & CEO.
👀 What to Watch
Investors should remain cautious due to the substantial year-on-year revenue contraction and continued annual losses. While Q4 shows a return to marginal profitability, the long-term recovery of the loan book and impairment management needs close monitoring.
Fusion Finance Appoints Remika Agarwal as Director Following Kenneth Vander Weele's Retirement
Fusion Finance Limited has announced a transition in its board composition effective March 31, 2026. Mr. Kenneth Dan Vander Weele has resigned from his position as Non-Executive Director due to retirement after serving since 2016. In his place, the board has approved the appointment of Ms. Remika Agarwal as a Non-Executive Non-Independent Director for a five-year term ending March 2031. Ms. Agarwal currently serves as the India Country Head for Creation Investments and brings extensive experience in the NBFC and credit markets.
Key Highlights
Mr. Kenneth Dan Vander Weele resigned as Non-Executive Director effective March 31, 2026, citing retirement.
Ms. Remika Agarwal appointed as Non-Executive Non-Independent Director for a 5-year term from March 31, 2026, to March 30, 2031.
Ms. Agarwal is the Director and Country Head – India at Creation Investments with previous leadership roles at Northern Arc Capital and ICRA Ratings.
Both the outgoing and incoming directors represent Creation Investments Fusion, LLC and Creation Investments Fusion II, LLC.
The appointment is subject to the approval of the company's shareholders.
👀 What to Watch
This is a routine board succession representing a major stakeholder; investors should view this as a neutral transition that maintains institutional continuity. No immediate action is required as the change does not signal a shift in company strategy.
Fusion Finance: CARE A Rating Reaffirmed; Removed from Negative Watch with Stable Outlook
CARE Ratings has reaffirmed the 'CARE A' rating for Fusion Finance's ₹1,500 crore bank facilities and ₹150 crore Non-Convertible Debentures (NCDs). Significantly, the agency has removed the company from 'Rating Watch with Negative Implications' and assigned a 'Stable' outlook. This decision follows a review of the company's audited FY25 and unaudited 9MFY26 financial performance. The shift to a stable outlook suggests improved confidence in the company's credit profile and operational trajectory.
Key Highlights
Reaffirmed 'CARE A' rating for ₹1,500 crore Long Term Bank Facilities.
Reaffirmed 'CARE A' rating for ₹150 crore Non-Convertible Debentures.
Successfully removed from 'Rating Watch with Negative Implications' status by CARE Ratings.
Assigned a 'Stable' outlook based on FY25 audited and 9MFY26 unaudited performance review.
The rating action reflects stabilization in the company's credit profile and operational outlook.
👀 What to Watch
The removal of the negative watch is a positive development that may stabilize borrowing costs and improve liquidity access. Investors should monitor upcoming quarterly results to ensure asset quality remains consistent with this stable outlook.
Fusion Finance Approves Promoter Reclassification and Appoints New CSO
Fusion Finance's board has approved the reclassification of founder Mr. Devesh Sachdev and his family from 'Promoter' to 'Public' category, as they no longer exercise control or hold board seats. This move follows the termination of special rights previously approved by shareholders in January 2026. Simultaneously, the company has appointed Ms. Priyanka Seth Wadhera as Chief Strategy Officer (CSO) to strengthen its leadership. Ms. Wadhera brings over 23 years of experience in financial leadership from institutions like Barclays and Religare Finvest.
Key Highlights
Board approved reclassification of Mr. Devesh Sachdev and family trust from 'Promoter' to 'Public' category
Outgoing promoters confirmed they hold no direct or indirect control over management or policy decisions
Ms. Priyanka Seth Wadhera appointed as Chief Strategy Officer (CSO) effective February 27, 2026
New CSO has 23+ years of experience in NBFCs, Treasury Management, and Capital Raising
Special rights previously granted to the founder were terminated effective January 7, 2026
👀 What to Watch
Investors should monitor the company's transition toward a professionally managed structure and observe if the new CSO can drive strategic growth and improved credit ratings. The promoter reclassification may lead to shifts in institutional shareholding patterns.
Fusion Finance Approves Promoter Reclassification and Appoints New CSO
Fusion Finance has approved the reclassification of Mr. Devesh Sachdev and his family trust from the 'Promoter' to 'Public' category, as they no longer exercise control or hold board seats. This follows the termination of special rights previously held by the group in January 2026. Additionally, the company has appointed Ms. Priyanka Seth Wadhera, a Chartered Accountant with over 23 years of experience, as the Chief Strategy Officer (CSO). These changes reflect a transition toward a more professionally managed corporate structure.
Key Highlights
Board approved reclassification of Mr. Devesh Sachdev and family trust from 'Promoter' to 'Public' category shareholder.
Outgoing promoters confirmed they do not exercise direct or indirect control or influence management decisions.
Special rights previously granted to Mr. Sachdev were terminated via shareholder approval on January 7, 2026.
Ms. Priyanka Seth Wadhera appointed as Chief Strategy Officer (CSO) effective February 27, 2026.
New CSO brings 23+ years of experience, having previously served as Group CFO at Arya.ag and Indifi Technologies.
👀 What to Watch
Investors should view the promoter reclassification as a formalization of the company's shift to a professionally managed entity. Monitor how the new CSO's extensive experience in fund raising and treasury management impacts the company's strategic growth.
Fusion Finance Focuses on UP Market with INR 1,837 Cr Portfolio; Returns to Profitability
Fusion Finance has highlighted Uttar Pradesh (UP) as a core strategic market, accounting for INR 1,837 crore of its total portfolio as of December 31, 2025. The company reported a return to profitability in Q3 FY26, driven by disciplined credit execution and improved asset quality. UP represents a significant portion of the business, comprising 25% of the total MFI book and 40% of the MSME book. With 299 branches in the state, Fusion is leveraging digital onboarding and AI-driven analytics to sustain growth in this high-potential region.
Key Highlights
Uttar Pradesh portfolio stands at INR 1,837 crore, with INR 1,543 crore in MFI and INR 294 crore in MSME lending.
The UP MFI book represents 25% of the company's total MFI book, while the UP MSME book accounts for 40% of its total MSME book.
Total Asset Under Management (AUM) reached INR 6,876 crore across India with 23.4 lakh customers as of Q3 FY26.
Company returned to profitability in Q3 FY26 following a focus on risk-based underwriting and branch-level monitoring.
Infrastructure in UP includes 271 MFI branches and 28 MSME branches serving over 5.6 lakh active loan accounts.
👀 What to Watch
Investors should note the company's successful return to profitability and its strong foothold in the high-growth UP market. However, the high concentration of the MSME book (40%) in a single state warrants close monitoring of regional economic stability and asset quality.
Fusion Finance: Founder Devesh Sachdev Seeks Reclassification to Public Shareholder Category
Mr. Devesh Sachdev, the former Managing Director who resigned in September 2025, has formally requested to be reclassified from the Promoter to the Public category. This move follows a structured governance transition where his special rights were removed via shareholder approval in January 2026. Institutional promoters, including Honey Rose Investments and Creation Investments, will continue to hold majority shareholding and maintain their promoter status. The reclassification is a formal step to align the company's shareholding structure with its current professionally managed status.
Key Highlights
Mr. Devesh Sachdev resigned as Managing Director effective September 30, 2025, and left the Board on November 4, 2025.
Shareholders approved amendments to the Articles of Association in January 2026 to remove special rights held by Mr. Sachdev.
Institutional entities Honey Rose Investments and Creation Investments will remain as the primary promoters with majority control.
The reclassification process requires subsequent approvals from the Board of Directors, Stock Exchanges, and shareholders.
The company confirms that Mr. Sachdev is no longer involved in day-to-day management or affairs of the firm.
👀 What to Watch
Investors should view this as a formalization of a leadership transition that has been underway since late 2025. Monitor the shareholding pattern for any potential stake sales by the Sachdev family once they are reclassified as public shareholders.
Fusion Finance Receives Request to Reclassify 2.80% Promoter Stake to Public Category
Fusion Finance Limited has received formal requests from Mr. Devesh Sachdev, Ms. Mini Sachdev, and the Devesh Sachdev Family Trust to be reclassified from the 'Promoter and Promoter Group' to the 'Public' category. Collectively, these entities hold 45,34,863 equity shares, which accounts for approximately 2.80% of the company's total share capital. The applicants have confirmed they do not exercise control, hold no special rights, and have no representation on the Board. This reclassification is subject to approvals from the Board of Directors, shareholders, and the stock exchanges (NSE and BSE).
Key Highlights
Mr. Devesh Sachdev (Promoter) holds 44,24,363 shares representing 2.73% of total equity.
Total stake seeking reclassification across all three entities is approximately 2.80%.
Applicants confirm they hold less than 10% voting rights and have no influence on management or policy decisions.
All special rights previously acquired via shareholder agreements or Articles of Association have been terminated.
The Board of Directors will consider the reclassification request in its next scheduled meeting.
👀 What to Watch
Investors should view this as a technical regulatory change in shareholding structure; however, monitor for any potential future stake sales by these individuals once they are in the public category.
Fusion Finance Issues Final Call Notice for 7.06 Lakh Partly Paid Shares at ₹65.50 Each
Fusion Finance Limited has issued a first and final reminder-cum-forfeiture notice for 7,06,503 outstanding partly paid-up equity shares from its 2025 rights issue. Shareholders are required to pay a call amount of ₹65.50 per share, which includes a ₹5 face value and ₹60.50 premium. Additionally, an interest of 10% per annum is applicable for the delayed period from December 12, 2025, to February 15, 2026. The payment window is strictly open from February 16, 2026, to March 02, 2026.
Key Highlights
Call amount set at ₹65.50 per share for 7,06,503 partly paid-up equity shares
Interest of 10% p.a. charged for the 66-day delay period (approx. ₹1.18 per share)
Payment period scheduled from February 16, 2026, to March 02, 2026
Failure to pay by the deadline will result in forfeiture of shares and previously paid amounts
Payments must be made via Axis Bank collection centers using the prescribed payment slip
👀 What to Watch
Holders of partly paid-up shares should complete the payment by March 02, 2026, to prevent the total loss of their investment through forfeiture. Other investors should view this as a routine completion of the company's capital-raising process.
Fusion Finance Q3 FY26: Returns to Profitability with PAT of ₹14 Cr; GNPA Drops to 4.38%
Fusion Finance has successfully restored its profitability in Q3 FY26, reporting a PAT of ₹14 Cr and restoring its going-concern status. Asset quality has seen a massive improvement, with GNPA declining to 4.38% from 12.58% in the previous year, and credit costs falling for the fifth consecutive quarter to ₹79 Cr. The company's capital position is exceptionally strong with a CRAR of 38.80%, supported by a successful rights issue and ₹2,522 Cr raised in Q3. The 'new book' now accounts for 79% of the portfolio with a high collection efficiency of 99.56%.
Key Highlights
Restored profitability with a PAT of ₹14 Cr in Q3 FY26 and a total income of ₹424 Cr.
GNPA significantly improved to 4.38% from 12.58% YoY; NNPA stands at 0.63%.
Capital Adequacy Ratio (CRAR) remains robust at 38.80% with a net worth of ₹2,331 Cr.
Disbursements increased to ₹1,594 Cr in Q3 FY26 from ₹1,298 Cr in Q2 FY26.
Credit costs declined for the fifth consecutive quarter to ₹79 Cr, down from ₹571 Cr in Q3 FY25.
👀 What to Watch
Investors should note the successful turnaround and restoration of going-concern status, which significantly de-risks the stock. The sharp improvement in asset quality and strong capital buffers suggest a positive trajectory, though monitoring the performance of the new loan book remains essential.
Fusion Finance Returns to Profitability in Q3 FY26 with PAT of ₹14 Cr; GNPA Improves to 4.38%
Fusion Finance reported a significant turnaround in Q3 FY26, posting a Profit After Tax of ₹14 crore compared to a loss of ₹22 crore in the previous quarter. The company saw a 23% QoQ growth in disbursements to ₹1,594 crore, while Net Interest Margins (NIM) expanded to 11.32%. Asset quality showed improvement with Gross NPA declining to 4.38% from 4.61% in Q2 FY26. Crucially, the 'Going Concern' caveat previously mentioned by auditors has been removed, and the company maintains a very high capital adequacy ratio of 38.80%.
Key Highlights
Reported PAT of ₹14 Cr in Q3 FY26, recovering from a ₹22 Cr loss in Q2 FY26.
Disbursements grew 23% QoQ to ₹1,594 Cr, the highest level in the last five quarters.
Gross NPA improved to 4.38% from 4.61% QoQ, with Net NPA standing at 0.63%.
Net Interest Margin (NIM) increased to 11.32% while cost of funds decreased to 10.28%.
Capital Adequacy Ratio (CRAR) remains robust at 38.80% with total liquidity of ₹1,783 Cr.
👀 What to Watch
The removal of the 'Going Concern' caveat and the return to profitability mark a major recovery milestone for the company. Investors should watch for continued stabilization in the microfinance sector and sustained collection efficiency to confirm a long-term trend.
Fusion Finance Returns to Profitability in Q3 FY26 with ₹14 Cr PAT; GNPA Improves to 4.38%
Fusion Finance reported a significant turnaround in Q3 FY26, posting a Profit After Tax (PAT) of ₹14 crore compared to a loss of ₹22 crore in Q2 FY26. The company saw a 23% QoQ growth in disbursements to ₹1,594 crore, marking its highest level in five quarters. Asset quality improved as Gross NPA declined to 4.38% from 4.61% QoQ, while Net Interest Margins (NIM) expanded to 11.32%. Crucially, the 'Going Concern' caveat previously issued by auditors has been removed, signaling improved financial stability.
Key Highlights
Turned profitable with a PAT of ₹14 crore in Q3 FY26 versus a loss of ₹22 crore in Q2 FY26.
Loan disbursements grew 23% QoQ to ₹1,594 crore, the highest in the last five quarters.
Gross NPA improved to 4.38% from 4.61% QoQ, with a strong Stage 3 provision coverage of ~86%.
Net Interest Margin (NIM) expanded to 11.32% from 10.85% in the previous quarter.
Capital Adequacy Ratio (CRAR) remains robust at 38.80% following a successful Rights Issue.
👀 What to Watch
The return to profitability and the removal of the 'Going Concern' audit caveat are major positive milestones for the company. Investors should watch for continued stability in credit costs and collection efficiencies to confirm a sustained long-term recovery.
