Fusion Finance Limited has informed the Exchange about Others
FUSION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Fusion Finance's Board approved Q2 FY26 unaudited results, with loss after tax sharply narrowing to ₹22 crore from ₹92 crore in Q1 FY26, while disbursements grew 37% QoQ to ₹1,298 crore and Gross NPA improved to 4.61% (from 5.43%). The Board approved issuance of NCDs worth ₹100 crore (10,000 debentures at 11% coupon, 24-month tenure) and a broader NCD programme of up to ₹1,000 crore via private placement in tranches. Founder and Director Mr. Devesh Sachdev resigned with immediate effect on November 4, 2025, with the Board waiving his right to nominate an executive director and proposing AOA amendments via postal ballot. The Board fixed November 11, 2025, as the record date for the first and final call of ₹65.50 per share on partly paid-up rights issue shares. The statutory auditor flagged a material going concern uncertainty due to covenant breaches on borrowings of ₹2,076.78 crore, though waivers have been obtained from lenders covering ₹1,330.86 crore so far.
Positives: sharp loss reduction, improving asset quality, strong capital adequacy (CRAR 31.31%), and ₹892 crore liquidity support the recovery narrative. Concerns: departure of a founder director, unresolved lender negotiations on remaining covenant breaches, and the auditor's going concern caveat may keep near-term sentiment cautious; the NCD issuances will bolster funding but add to leverage.