FUSION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fusion Finance Limited has filed a compliance statement confirming no deviation or variation in the use of proceeds from its Rights Issue. The company raised INR 797.29 crores through issuance of partly paid-up equity shares (out of total planned issue of INR 799.86 crores) in May 2025. Of the INR 783.34 crore allocated for augmenting capital base, INR 382.41 crores has been utilized so far with no deviation reported. Issue expenses of INR 14.01 crores have been utilized against the INR 16.52 crore allocation. The remaining balance of INR 2.57 crores is expected to be recovered by March 31, 2027. The Audit Committee reviewed and approved this statement on May 15, 2026.
Positive signal for shareholders — the company is utilizing the rights issue proceeds exactly as promised in the Letter of Offer, with no deviations requiring explanation or shareholder approval.