as per disclosure enclosed
FUSION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 10.4 pts less than Nifty Microcap 250 and 10.6 pts less than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fusion Finance Ltd reported a net loss after tax of Rs 1,224.54 crore for FY2026, compared to a profit in the previous year, primarily due to high impairment charges of Rs 205.02 crore on financial instruments. Total income declined to Rs 1,795.43 crore from Rs 2,368.89 crore in FY2025. The company raised Rs 799.86 crore via a rights issue to strengthen its capital base. The predecessor auditor Deloitte had issued a qualified opinion on FY2025 regarding expected credit loss allowances. The current auditor B.K. Khare & Co. issued an unmodified opinion for FY2026. The company also breached financial covenants on borrowings of Rs 101.64 crore but obtained extensions from some lenders. ESOP shares were allotted to the employees benefit trust.
The significant net loss and covenant breaches raise concerns about asset quality and financial health, though the rights issue proceeds provide some buffer. Shareholders should monitor the company's path to profitability and resolution of covenant breaches.