Fusion Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on March 20, 2026.
FUSION · price
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Fusion Finance's board met on March 20, 2026 and approved two key changes at the Chief Information Officer (CIO) level. Mr. Sanjay Mahajan resigned as CIO effective the same day, citing recurring health issues that doctors advised him to prioritise. The board appointed Mr. Susheel Kumar Menon as the new CIO, who has been with the company since April 8, 2024 as Chief Information Security Officer (CISO). Mr. Menon will hold both the CIO and CISO roles on an interim basis. He brings over 27 years of experience in IT strategy, cybersecurity, and digital transformation, with prior leadership stints at Satin Creditcare, Bata India, Yum! Restaurants, Ericsson, and Gillette India.
This is a smooth internal transition rather than an external hire, which should reassure investors about continuity in technology and cybersecurity leadership. The outgoing CIO's departure is health-related and orderly, with a planned handover. Neutral to mildly positive for the stock, as it avoids disruption risk in a microfinance company where IT and data security are critical.