Fusion Finance Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
FUSION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fusion Finance Limited has filed a compliance statement under SEBI Regulation 32 confirming that there is no deviation or variation in the utilization of proceeds from its Rights Issue. The company raised INR 797.29 crores through partly paid-up equity shares (out of total issue size INR 799.86 crores) in May 2025. Of the allocated INR 783.34 crore for capital base augmentation, INR 382.41 crore has been utilized so far. Issue expenses of INR 14.01 crore have been spent against an allocation of INR 16.52 crore. The remaining balance of INR 2.57 crore is expected to be recovered by March 2027. The Audit Committee reviewed and confirmed no deviations on May 15, 2026.
Positive for shareholders as the company is utilizing funds strictly as per the stated objects in the Letter of Offer. No deviations mean the capital is being deployed as intended for strengthening the company's capital base.