Fusion Finance Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
FUSION · price
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Fusion Finance announced a comprehensive leadership overhaul at its August 17, 2025 board meeting. Mr. Rajeev Sardana, a former HDFC executive management member with 30+ years in financial services, was appointed as an Additional Non-Executive Independent Director for a 5-year term. Mr. Sanjay Garyali, the company's CEO since March 2025 and a former L&T Finance Urban Finance head (where he managed a ~INR 40,000 Crore portfolio), was elevated to Additional Director designated as Whole Time Director for 5 years, with prior RBI approval already secured. The Company Secretary, Chief Compliance Officer & Investor Relations, Mr. Deepak Madaan, resigned (last working day Sept 25, 2025) citing career aspirations, and Head of Internal Audit Mr. Vikas Jajoo also resigned (last working day Aug 31, 2025). Mr. Vikrant Sadana (internal promotion from AVP, ~18 years experience) was named Company Secretary & Compliance Officer, Mr. Nishant Monga (ex-Citibank, HSBC, GE Countrywide, 27+ years in compliance/risk) joined as Chief Compliance Officer, and Mr. Satish Mani (current Chief Vigilance Officer) was named Interim Head of Internal Audit. The company stated the changes segregate compliance and secretarial roles to support its next growth phase.
Net positive for shareholders — the company has brought in a highly experienced independent director from a top-tier financial institution, formally elevated a strong CEO to Whole Time Director status, and materially strengthened its compliance and risk functions with senior external hires. The resignations of the Company Secretary and Head of Internal Audit appear amicable and growth-driven rather than red flags, and all roles are being filled promptly with qualified internal and external candidates.