FUSION - Fusion Finance

Fusion Finance Limited has received trading approvals from both BSE and NSE for 3,14,391 equity shares. These shares have been converted from partly paid-up to fully paid-up following the payment of the Rights Issue First Call Money. The trading for these shares is set to commence on April 27, 2026. These shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights for all shareholders.

• Trading approval received for 3,14,391 equity shares converted to fully paid-up status.
• Conversion follows the Rights Issue First Call Money payment process initiated in February 2026.
• Trading of these shares on NSE and BSE will commence effective Monday, April 27, 2026.
• The shares will trade under ISIN INE139R01012 and rank pari-passu with existing equity.

Fusion Finance Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited (formerly Link Intime India), covers the period ending March 31, 2026. This filing confirms that the company has complied with the necessary procedures for the dematerialization of share certificates. As a routine regulatory requirement, it ensures the integrity of the shareholding records between the company and the depositories.

• Compliance certificate submitted for the quarter ended March 31, 2026.
• Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited.
• Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018 regarding dematerialization.

Fusion Finance Limited has approved the grant of 25,000 stock options to eligible employees under its ESOP 2023 scheme. The options are priced at Rs 138.24 per share, which was the closing price on the National Stock Exchange as of March 30, 2026. These options carry a minimum vesting period of one year and an exercise window of eight years from the date of vesting. This routine corporate action is intended to incentivize and retain employees by aligning their interests with long-term shareholder value.

• Grant of 25,000 stock options to eligible employees under the ESOP 2023 plan
• Exercise price fixed at Rs 138.24 per option based on the NSE closing price
• Minimum vesting period of 1 year from the grant date of March 31, 2026
• Exercise period extends up to 8 years from the date of vesting
• Scheme is compliant with SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021

Fusion Finance Limited has announced a board transition effective March 31, 2026, following the retirement of Mr. Kenneth Dan Vander Weele. Ms. Remika Agarwal has been appointed as a Non-Executive Non-Independent Director for a five-year term ending March 30, 2031. Ms. Agarwal represents Creation Investments, a major stakeholder, and currently serves as their Country Head for India. She brings extensive experience in the NBFC and credit markets, having previously held senior roles at Northern Arc Capital and ICRA Ratings.

• Ms. Remika Agarwal appointed as Non-Executive Director for a 5-year term starting March 31, 2026.
• Outgoing director Mr. Kenneth Dan Vander Weele retires after serving on the board since 2016.
• Ms. Agarwal represents Creation Investments Fusion, LLC and Creation Investments Fusion II, LLC.
• New appointee has deep expertise in Indian financial services, structured finance, and credit ratings.

Fusion Finance Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's audited financial results for the quarter and financial year ending March 31, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the results are officially announced. The specific date for the board meeting to approve these results will be communicated at a later date.

• Trading window closure starts from Wednesday, April 1, 2026.
• Closure pertains to the Audited Financial Results for the quarter and year ending March 31, 2026.
• Window to remain shut until 48 hours after the results are declared to the exchanges.
• Restriction applies to all designated persons and their immediate relatives under SEBI PIT Regulations.

Fusion Finance Limited has approved the grant of 10,000 stock options to eligible employees under the Fusion Employee Stock Option Plan 2023 (ESOP 2023). The exercise price is set at Rs 159.34 per option, which was the closing price on the NSE on March 19, 2026. These options will vest after a minimum of one year and have an exercise period of eight years from the date of vesting. This is a standard corporate procedure aimed at employee retention and incentive alignment.

• Grant of 10,000 stock options to eligible employees under ESOP 2023
• Exercise price fixed at Rs 159.34 per share based on NSE closing price
• Minimum vesting period of 1 year from the grant date of March 20, 2026
• Exercise period of 8 years from the date of vesting
• Scheme is compliant with SEBI Share Based Employee Benefits Regulations 2021

Fusion Finance Limited has announced a transition in its technology leadership with the resignation of Mr. Sanjay Mahajan as Chief Information Officer (CIO) effective March 20, 2026. The company has appointed Mr. Susheel Kumar Menon, who has been with the firm since April 2024 as CISO, to take over the CIO role. Mr. Menon brings over 27 years of experience in IT strategy and digital transformation from reputed organizations like Satin Creditcare and Bata India. He will temporarily manage both CIO and CISO responsibilities to ensure a smooth transition of the company's digital and security infrastructure.

• Mr. Sanjay Mahajan resigned as Chief Information Officer effective March 20, 2026.
• Mr. Susheel Kumar Menon appointed as CIO and Senior Managerial Personnel with immediate effect.
• Mr. Menon has over 27 years of diverse experience across IT strategy, information security, and digital transformation.
• The new CIO will continue to hold the position of Chief Information Security Officer (CISO) for an interim period.
• Mr. Menon's previous leadership roles include stints at Satin Creditcare, Bata India, Yum! Restaurants, and Ericsson.

Fusion Finance Limited has announced a leadership transition in its technology department effective March 20, 2026. Mr. Sanjay Mahajan has resigned as Chief Information Officer (CIO), and the board has appointed Mr. Susheel Kumar Menon as his successor. Mr. Menon, who joined the company in April 2024 as Chief Information Security Officer (CISO), brings over 27 years of experience in IT strategy and digital transformation. He will hold both the CIO and CISO roles during an interim period to ensure operational continuity.

• Resignation of Mr. Sanjay Mahajan from the position of Chief Information Officer effective March 20, 2026.
• Appointment of Mr. Susheel Kumar Menon as CIO and Senior Managerial Personnel with immediate effect.
• Mr. Menon has over 27 years of diverse experience across IT strategy, cybersecurity, and digital transformation.
• The new CIO will continue to hold the position of Chief Information Security Officer (CISO) for an interim period.
• Mr. Menon previously held leadership roles at Satin Creditcare, Bata India, and Yum! Restaurants India.

Fusion Finance has been ordered by the ROC Delhi to pay a penalty of ₹3 lakh for failing to maintain the required number of directors liable to retire by rotation between July 2021 and July 2023. The company voluntarily approached the regulator via a suo-moto application to resolve this historical non-compliance under Section 152(6) of the Companies Act. An additional penalty of ₹1 lakh was imposed on the former Managing Director, Devesh Sachdev. Since the company has been compliant since July 2023 and the financial impact is minimal, this concludes the legal matter.

• ROC Delhi imposed a ₹3,00,000 penalty on the company for Section 152(6) violations.
• Former MD Devesh Sachdev penalized ₹1,00,000 as the officer in default during the period.
• The violation involved having only one instead of three directors liable to retire by rotation.
• The matter was resolved through a suo-moto application voluntarily filed by the company.
• Full compliance with the relevant provisions has been maintained since July 8, 2023.

Fusion Finance Limited has formally submitted an application to BSE and NSE on March 2, 2026, seeking approval for the reclassification of specific shareholders. These shareholders are moving from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI LODR Regulations. This follows three prior intimations sent in February 2026 regarding the initial requests. The reclassification is subject to no-objection certificates from the stock exchanges and will alter the reported shareholding structure.

• Application filed with BSE and NSE on March 2, 2026, for promoter status change.
• Follows previous disclosure letters dated Feb 21, Feb 23, and Feb 27, 2026.
• Process conducted under Regulation 31A of SEBI (LODR) Regulations, 2015.
• The company is seeking no-objection/approval from the stock exchanges for the status change.

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.

• 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.

Fusion Finance Limited has approved the grant of 1,45,000 stock options to eligible employees under its Employee Stock Option Plan 2023. The options are priced at Rs. 204.09 per share, matching the closing price on the NSE as of February 26, 2026. The vesting period starts after one year from the grant date, with an exercise window of eight years following vesting. This routine corporate action is intended to incentivize and retain employees by aligning their interests with the company's long-term performance.

• Grant of 1,45,000 stock options to eligible employees under ESOP 2023
• Exercise price fixed at Rs. 204.09 per option based on NSE closing price
• Minimum vesting period of 1 year from the grant date
• Exercise period extends up to 8 years from the date of vesting

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.

• 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.