Fusion Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on February 27, 2026.
FUSION · price
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The board of Fusion Finance approved two key items at its February 27, 2026 meeting. First, it approved the reclassification of Mr. Devesh Sachdev, Ms. Mini Sachdev, and the Devesh Sachdev Family Trust from the 'Promoter & Promoter Group' category to the 'Public' category, subject to approvals from NSE/BSE and shareholders. The company stated the Sachdevs exercise no control over the company, hold no board seats, and their special rights were already terminated on January 7, 2026. Second, the board appointed Ms. Priyanka Seth Wadhera as Chief Strategy Officer (CSO) and Senior Managerial Personnel with immediate effect. Ms. Priyanka is a Chartered Accountant with over 23 years of experience in NBFCs, FinTech, and banking, having previously served as Group CFO at Arya.ag and Indifi Technologies, and held senior roles at Clix Finance, Barclays, and Religare Finvest.
The promoter reclassification formally removes the Sachdev family from promoter status, which may increase public free float and signal a cleaner corporate governance structure, pending shareholder approval. The appointment of an experienced CSO with strong capital-raising and treasury expertise is a positive signal for the company's strategic and financial management, especially relevant for an NBFC navigating growth and funding needs.