Monitoring Agency Report for the quarter ended March 31, 2026
FUSION · price
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CRISIL Ratings Limited, the appointed Monitoring Agency, has submitted its report on the utilization of Rights Issue proceeds for Fusion Finance Limited. The Rights Issue (April 2025) raised Rs 799.86 crore through partly paid-up equity shares. As of March 31, 2026, the company has received Rs 797.29 crore (Rs 2.57 crore still outstanding, to be recovered by March 2027). Of the net proceeds, Rs 396.42 crore has been deployed — Rs 382.41 crore towards augmenting the capital base and Rs 14.01 crore towards issue expenses. The remaining Rs 403.44 crore (including Rs 2.51 crore unspent issue expense allocation) is deployed in liquid instruments: Fixed Deposits with AU Small Finance Bank (Rs 45 crore at 6.25%), IndusInd Bank (Rs 150 crore at 7.60%), SBI (Rs 50 crore at 5.00%), Yes Bank (Rs 104 crore at 5.75%), and balances in monitoring/allotment/escrow accounts (Rs 51.87 crore). No deviations from the offer document objects were observed. The audit committee reviewed the report on May 15, 2026.
The report is routine and shows clean utilization of rights issue proceeds with no deviations. Capital base augmentation is on track, and the company is holding unutilized proceeds in safe, liquid instruments while awaiting full call money recovery. No immediate shareholder action is required.