Fusion Finance Limited has informed the Exchange regarding Change in Auditors of the company.
FUSION · price
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Awaiting price reaction for this filing.
Note: The NSE headline mentions 'Change in Auditors' but the actual filing is about senior leadership changes at Fusion Finance. 1) Mr. Devesh Sachdev, the founder and Managing Director, has resigned from the MD position with immediate effect from September 30, 2025, citing personal reasons. He will continue as a non-executive Director on the Board. 2) Mr. Sanjay Garyali, who has been serving as CEO since March 2025 and as Whole Time Director & CEO since August 2025, has been elevated to Managing Director & CEO. He has over 28 years of finance industry experience, including leading a ~INR 40,000 Crore portfolio at L&T Finance. 3) Mr. Gautam Munjal (26+ years in BFSI, formerly at Hero Housing Finance, PNB Housing, Kotak Mahindra, ICICI Bank) has been appointed as Head of Internal Audit effective September 30, 2025.
This is a planned, orderly succession rather than a sudden exit — the founder steps down from operational leadership but remains on the Board, while the existing CEO is formally elevated to MD & CEO, ensuring strategic and operational continuity. For shareholders, the change is largely neutral to mildly positive as it brings formal clarity to the top role without disrupting the management team that has been running the company for the past six months.