Fusion Finance Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 22, 2025
FUSION · price
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Fusion Finance Limited has notified stock exchanges about its 31st Annual General Meeting (AGM) to be held on Tuesday, July 22, 2025, at 11:00 AM via video conferencing. Key items on the agenda include adopting the audited financial statements for FY ended March 31, 2025, and re-appointing Managing Director Devesh Sachdev, who retires by rotation. Shareholders will also vote on appointing M/s BK Khare & Co as statutory auditors for a 3-year term (till FY 2028-29) and M/s Navneet K Arora & Co LLP as secretarial auditor for 5 years (FY 2025-26 to FY 2029-30). The notice also seeks approval to amend the Articles of Association regarding the Board's right to make calls on unpaid shares (capped at 50% of face value) and to waive recovery of any excess managerial remuneration paid to the MD for FY 2024-25. Additionally, remuneration of up to Rs 7.5 lakh per annum is proposed for three independent directors — Puneet Gupta, Namrata Kaul, and Ratna Dharashree Vishwanathan — for FY 2024-25 through FY 2026-27.
Most agenda items are routine (auditor appointments, director re-appointment, AOA amendment), but the waiver of excess MD remuneration for FY 2024-25 and the proposed amendment giving the Board broader call rights on shares may attract shareholder attention. No immediate effect on share price is expected, but the FY25 audited results and any related management commentary during the AGM could be significant.