Fusion Finance Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
FUSION · price
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Fusion Finance has filed a quarterly compliance statement under SEBI Regulation 32 confirming that there has been no deviation or variation in how the company is using the money raised through its recent Rights Issue. The total Rights Issue size was INR 799.86 Crore, of which INR 399.93 Crore was received on application when 6.10 crore partly paid-up equity shares were allotted on May 2, 2025 at Rs. 131 per share (Rs. 65.50 paid upfront). The stated purpose of the issue is to strengthen the company's capital base to meet future capital requirements. During the quarter ended September 30, 2025, no funds were actually utilised yet. The remaining Rs. 65.50 per share (another INR 399.93 Crore) is callable by the Board on or before March 31, 2027. CRISIL Ratings is the monitoring agency, and the Audit Committee (which met on August 8, 2025) had no comments or concerns.
This is a routine good-news compliance filing — it confirms the company is using rights issue funds as originally promised to investors, with no misuse or diversion. For shareholders, it signals capital discipline, though the unutilised funds and a future call money obligation mean the full capital raise and deployment story is still playing out over the next couple of years.