Fusion Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on February 27, 2026.
FUSION · price
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The Board of Directors of Fusion Finance Limited, at its meeting on February 27, 2026, approved two key items. First, the Board accepted requests from Mr. Devesh Sachdev, Ms. Mini Sachdev, and the Devesh Sachdev Family Trust (along with persons related to them) to be reclassified from the 'Promoter & Promoter Group' category to the 'Public' category, subject to stock exchange and shareholder approvals. The Board noted that the Sachdev family no longer exercises control, has no board representation, and that their special rights were already terminated via shareholder approval on January 7, 2026. Second, the Board appointed Ms. Priyanka Seth Wadhera as Chief Strategy Officer (CSO) and Senior Managerial Personnel, effective February 27, 2026. Ms. Priyanka is a Chartered Accountant with over 23 years of leadership experience across NBFCs, FinTech, and global banking, having previously served as Group CFO at Arya.ag and Indifi Technologies, CFO at Clix Finance, VP at Barclays, and SVP at Religare Finvest.
The promoter reclassification is a significant governance change that reduces the promoter shareholding category and increases the public float, subject to regulatory and shareholder approvals. The appointment of a seasoned financial leader as CSO signals a strategic strengthening of the company's leadership team, which could be viewed positively by investors.