Monitoring Agency Report for the quarter ended March 31, 2026
FUSION · price
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CRISIL Ratings Limited, the monitoring agency, has submitted its Q4 FY2026 report for Fusion Finance Limited's Rs 799.86 crore Rights Issue. The issue was conducted in April 2025 with equity shares at Rs 131 per share. As of March 31, 2026, the company has received Rs 797.29 crore, with Rs 2.57 crore outstanding to be recovered by March 2027. During the quarter, no capital base deployment occurred; Rs 14.01 crore was utilized for issue expenses. Total utilization stands at Rs 396.42 crore, leaving Rs 403.44 crore unutilized. The unutilized funds are deployed in fixed deposits with AU Small Finance Bank (Rs 45 crore), IndusInd Bank (Rs 150 crore), SBI (Rs 50 crore), Yes Bank (Rs 104 crore), and Axis Bank escrow accounts (Rs 51.87 crore). The monitoring agency confirms no deviations from the disclosed objects of the issue.
The report shows compliant utilization of rights issue proceeds as per the offer document. No material deviations were observed. The company is maintaining adequate capital while deploying unutilized funds in safe, liquid instruments. Shareholders can note that capital deployment for business growth remains on track to be completed within two fiscal years as committed.