Allotment of 10,00,000 Equity Shares to Fusion Employees Benefit Trust, as per detailed disclosure

Fusion Finance Ltd reported a net loss of Rs 62.93 crore for FY ended March 2026, a sharp decline from a net profit of Rs 1,795.43 crore in the prior year, primarily due to a massive Rs 1,224.54 crore impairment charge on financial instruments (loans). Total income for the year was Rs 2,368.89 crore. The Board also approved re-appointment of Mr. Sanjay Garyali as Managing Director & CEO at the ensuing AGM. Additionally, 10,00,000 equity shares were allotted to the Fusion Employees Benefit Trust under the ESOP 2023 plan at varying exercise prices (Rs 147.51 to Rs 195.73), with the total issued share capital increasing to Rs 162.88 crore across 16.30 crore shares. The company also noted breaches of financial covenants on borrowings of Rs 101.64 crore and is in discussions with lenders for extensions.