Fusion Finance Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
FUSION · price
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The Board of Directors of Fusion Finance Limited met on June 10, 2025 and approved three key items. First, M/s BK Khare & Co. has been appointed as the new Statutory Auditor for a 3-year term, covering the period from the 31st to the 34th Annual General Meeting. Second, M/s Navneet K Arora & Co LLP has been appointed as the Secretarial Auditor for a 5-year term, running from the 31st to the 36th AGM. Third, the Board approved an amendment to Article 35 of the Articles of Association, which raises the cap on call money in a single call from 25% (one-fourth) to 50% (one-half) of the nominal value of shares. All three decisions are subject to shareholder approval. The board meeting ran from 6:00 PM to 7:30 PM IST.
The AOA amendment gives the company greater flexibility to raise call money from shareholders in larger single installments, which could be relevant for any future capital needs. The auditor appointments are routine governance housekeeping, though a change in statutory auditor is worth noting for shareholders tracking audit continuity.