Fusion Finance Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
FUSION · price
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Awaiting price reaction for this filing.
Fusion Finance Limited has filed a quarterly compliance statement confirming there is no deviation or variation in the use of proceeds from its Rights Issue for the quarter ended June 30, 2025. The Rights Issue, with a total size of INR 799.86 crore, saw INR 399.93 crore raised on May 2, 2025 through allotment of 6.1 crore partly paid-up equity shares at Rs. 131 each (Rs. 65.50 paid on application, balance to be called later). The funds are being used to augment the company's capital base for future capital requirements, in line with the original objects stated in the Letter of Offer dated March 29, 2025. CRISIL Ratings Limited is acting as the Monitoring Agency, and the Audit Committee and auditors have noted no comments on the utilization.
This is a routine positive compliance filing — the company is using rights issue proceeds as promised, which reinforces governance transparency. No material impact on share price is expected, though the pending second call of Rs. 399.93 crore (due on or before March 31, 2027) represents future equity dilution risk for existing shareholders.