Postal Ballot to reclassify promoter Devesh Sachdev and group as public shareholders

Fusion Finance has issued a Postal Ballot notice seeking shareholder approval to reclassify promoter Devesh Sachdev and 20 related promoter group entities from the Promoter category to the Public category. Together they hold 28,67,019 shares, about 1.77 percent of the company, with Devesh Sachdev holding 21,56,519 shares (1.33 percent). Both BSE and NSE have already granted no-objection. E-voting runs from July 10, 2026 to August 8, 2026. Other promoters, including Honey Rose Investments and Creation Investments entities, will remain as promoters and continue to hold the majority stake.