Fusion Finance Limited has informed the Exchange that Record date for the purpose of Calls on Securities is 11-Nov-2025.
FUSION · price
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Awaiting price reaction for this filing.
Fusion Finance Limited reported Q2 FY26 results with loss after tax narrowing sharply to ₹22 crore from ₹92 crore in Q1 FY26. Loan disbursements grew 37% QoQ to ₹1,298 crore, AUM stood at ₹7,038 crore, Gross NPA improved to 4.61% (from 5.43%), and CRAR remained healthy at 31.31%. The Board approved issuance of ₹100 crore rated secured NCDs at 11% coupon (24-month tenure) via private placement on BSE, plus a broader enabling approval for up to ₹1,000 crore of NCDs in tranches. Record date of November 11, 2025 was fixed for the first and final call of ₹65.50 per share on partly paid-up equity shares from the earlier ₹799.86 crore rights issue (balance call money of ₹399.93 crore). Founder Director Mr. Devesh Sachdev resigned with immediate effect.
Positive: Sharper loss reduction, improving asset quality, and 37% QoQ disbursement growth signal a recovery path. However, auditors flagged material going concern uncertainty due to covenant breaches on ₹2,076.78 crore of borrowings. The NCD raises and the ₹399.93 crore balance call money from the rights issue are critical for liquidity and debt servicing, while founder Devesh Sachdev's exit may weigh on sentiment.