Fusion Finance Limited has informed the Exchange regarding Proceedings of 31st Annual General Meeting held on July 22, 2025.
FUSION · price
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Fusion Finance Limited held its 31st AGM on July 22, 2025, via video conferencing, with 106 members participating; the meeting concluded in about 29 minutes. All 10 resolutions were passed, including adoption of FY25 audited financial statements, re-appointment of founder and Managing Director Mr. Devesh Sachdev (retirement by rotation), and appointment of M/s BK Khare & Co. as the new statutory auditors. Shareholders also approved an amendment to the Articles of Association and appointed Navneet K Arora & Co LLP as the new secretarial auditor. Two special resolutions drew attention: a waiver of recovery of excess managerial remuneration already paid to the MD for FY24-25, and approval of his remuneration for FY25-26. The company disclosed that the statutory auditor's report on the FY25 financial statements contains a qualified opinion, with the remarks detailed in the Board's Report.
The qualified auditor opinion on FY25 financials and the shareholder-approved waiver of excess MD pay for FY24-25 could raise corporate governance concerns for some investors, though all resolutions passed smoothly. Leadership continuity is maintained with the founder-MD re-appointed, and the AGM outcome is largely procedural with no material surprise for the stock.