Fusion Finance Limited has informed the Exchange about change in Management
FUSION · price
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Fusion Finance announced a wide-ranging leadership overhaul effective August 18, 2025. Two new directors were appointed: Rajeev Sardana, a former HDFC executive with 30+ years in financial services, as Independent Director for 5 years, and Sanjay Garyali, the current CEO (since March 2025), as Whole Time Director for 5 years with prior RBI approval. Two senior officials resigned: Deepak Madaan, who held the KMP roles of Company Secretary, Chief Compliance Officer and Investor Relations, and Vikas Jajoo, Head of Internal Audit, both citing personal career moves. Replacements were named internally: Vikrant Sadana as Company Secretary & Compliance Officer, Nishant Monga (ex-Citibank, HSBC) as Chief Compliance Officer, and Satish Mani as Interim Head of Internal Audit. The company stated the changes aim to strengthen governance and segregate the compliance and secretarial functions.
The elevation of CEO Sanjay Garyali to Whole Time Director formalizes his position on the Board, while adding an experienced ex-HDFC independent director should bolster oversight. However, the simultaneous exit of two senior officers (a KMP and the Head of Internal Audit) is unusual and worth monitoring; investors should watch for any further disclosures on reasons behind these departures and how smoothly the transition is managed.