The company is receipt of an order dated March 16, 2026 issued by Registrar of Companies ROC, Delhi, for adjudication of the penalty, as per detailed disclosure enclosed

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FUSION · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹155.64

prior close

₹156.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.6% vs market

Finance peers, median of 384sector · industry level+0.0%+1.6% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.6 pts more than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-1.1

15m

-1.2

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.0+0.6+0.0+1.6

Next day

+6.3+3.7+2.6+1.1+5.2

+2.8+0.8+2.0+0.0+2.8

+2.0+1.7+0.4-0.1+2.2

-3.7-3.0-0.7-3.1-0.6

-6.7-0.2-6.5-2.1-4.6

-9.1-0.7-8.4-3.8-5.2

15d

+1.1+9.4-8.3+5.8-4.6

+9.9+14.8-5.0+9.2+0.6

+16.8+16.1+0.7+6.6+10.2

+13.9+26.4-12.5+8.9+5.0

UpDownMarket · Nifty Microcap 250Sector · Finance peers, median of 384Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Fusion Finance received an adjudication order from the Registrar of Companies (ROC), Delhi on March 16, 2026, for a non-compliance issue under Section 152(6) of the Companies Act, 2013. Between July 20, 2021 and July 8, 2023, the company had only one Non-Independent Director liable to retire by rotation, instead of the required three. The company itself had voluntarily filed for adjudication of the penalty. A fine of Rs. 3 lakh has been imposed on the company, and Rs. 1 lakh on the erstwhile Managing Director, Mr. Devesh Sachdev. The company confirms it has been fully compliant with Section 152 since July 8, 2023, and the matter is now concluded.

Likely market impact

The financial impact is negligible — Rs. 3 lakh penalty is tiny for a listed NBFC like Fusion Finance. The matter is closed and there is no ongoing risk. This is a routine past compliance gap and is unlikely to affect the stock price or shareholder value meaningfully.