Fusion Finance Limited has informed the Exchange about General Updates

Regulatory & Legal View source PDF Explain this filing

FUSION · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹191.53

prior close

₹194.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+0.6% vs market

Finance peers, median of 374sector · industry level+0.0%-0.2% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.2 pts less than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-0.5

15m

-0.2

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2-0.8+0.6+0.0-0.2

Next day

+0.2-1.2+1.5+0.0+0.2

+1.3+0.2+1.1+0.6+0.7

+1.2+1.5-0.3+1.0+0.2

-0.9+1.2-2.0+0.8-1.6

+0.9+0.9+0.0+0.3+0.7

+0.9+0.9+0.0-0.0+0.9

15d

-4.0+2.9-6.9+1.5-5.5

-3.7+3.2-6.9+0.6-4.2

-12.0-0.4-11.6-3.6-8.5

-16.6-4.0-12.7-5.9-10.8

UpDownMarket · Nifty Microcap 250Sector · Finance peers, median of 374Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Fusion Finance Limited has received a Show Cause Notice from the Joint Commissioner Corporate Circle, Varanasi, UP, under Section 73 of the CGST/UPGST Act. The notice alleges excess Input Tax Credit (ITC) claimed and non-reversal of ITC as per Rule 42/43 of the CGST Act for the period April 2021 to March 2022. The total demand is Rs. 2.84 crore, comprising Rs. 1.56 crore as tax, Rs. 1.12 crore as interest, and Rs. 15.76 lakh as penalty. The notice was received on September 26, 2025. The company has stated it believes it has adequate legal grounds to contest the matter and does not expect any material impact on its financial or operational activities.

Likely market impact

This is a preliminary tax demand (show cause notice) and not a final order. While the amount of Rs. 2.84 crore is not negligible, the company has expressed confidence in defending its position and does not foresee a material impact. Shareholders should monitor further developments but the short-term stock impact is likely limited.