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 has filed a quarterly compliance statement confirming there is no deviation or variation in the use of proceeds from its Rights Issue. The company raised Rs. 399.93 crore (out of a total Rights Issue size of Rs. 799.86 crore) through allotment of 6.10 crore partly paid-up equity shares at Rs. 131 per share on May 2, 2025, with Rs. 65.50 paid on application and the balance callable on or before March 31, 2027. As of September 30, 2025, Rs. 382.41 crore of the raised amount has been utilized towards augmenting the company's capital base to meet future capital requirements. The statement was reviewed by the Audit Committee on August 8, 2025, with CRISIL Ratings Limited serving as the monitoring agency, and auditors had no comments.
This is a routine regulatory compliance filing with no negative implications, confirming that the company is deploying Rights Issue funds as originally disclosed. Shareholders can be reassured that capital raised is being used for the stated purpose of strengthening the company's capital base, though only ~96% of the currently called-up amount has been deployed so far.