Outcome
FUSION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fusion Finance announced a series of board and senior management changes effective August 17–18, 2025. The Board appointed Mr. Rajeev Sardana (ex-HDFC executive, 30+ years in financial services) as an Additional Non-Executive Independent Director for 5 years, and elevated existing CEO Mr. Sanjay Garyali to the role of Additional Whole Time Director for 5 years, with RBI approval already secured. Company Secretary & Chief Compliance Officer Mr. Deepak Madaan resigned to pursue other opportunities (last working day September 25, 2025), and Head of Internal Audit Mr. Vikas Jajoo also resigned (last working day August 31, 2025). To fill these gaps, the company appointed Mr. Vikrant Sadana as Company Secretary & Compliance Officer (promoted internally from AVP), Mr. Nishant Monga as a new Chief Compliance Officer (ex-Citibank, HSBC, GE), and Mr. Satish Mani as Interim Head of Internal Audit.
The changes reflect active governance strengthening rather than disruption — the CEO continues in his role with a formal board seat, and the company is segregating compliance and secretarial functions. The simultaneous exit of two senior officers (CS/Compliance and Internal Audit head) within days may raise short-term continuity questions, but all positions appear to have immediate replacements in place.