BSECompany Update10 Aug 2026 · 10 Aug 2026, 06:23 pm
Nil deviation as per detailed disclosure enclosed
Fusion Finance Ltd · 543652
✦ AI SummaryResults
Fusion Finance Ltd has submitted a statement indicating no deviation or variation in the use of proceeds of the equity shares issued through Rights Issue for the quarter ended June 30, 2026. The company has utilized the net proceeds of ₹783.34 crores for the intended purpose of augmenting the capital base to meet future capital requirements. The statement has been reviewed by the Audit Committee and is available on the company's website.
Analysis Scores
Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment6/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Fusion Finance Ltd - 543652 - Statement Indicating No Deviation Or Variation For The Quarter Ended June 30, 2026
Attachments (1)
📄pdf
Download →
8e6f9c0c-0d15-46a9-8a66-d118516a7015.pdf
View document text
Date: 10.08.2026
Letter No. FFL/SEC/2026-27/SE-60
To, To,
The Manager The Manager
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C/1, G Block, Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai - 400 001
Mumbai – 400 051
Symbol: FUSION Scrip Code: 543652, 977381, 977412
Sub: Statement of deviation or variation in the use of proceeds of equity shares
issued through Rights Issue for the quarter ended June 30, 2026, as per
Regulation 32 of the SEBI (Listing Obligations & Disclosures Requirements)
Regulations, 2015.
Dear Sir/Ma’am,
Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that there is no deviation or variation in the use of
proceeds of the Rights Issue of equity shares during the quarter ended June 30, 2026 from
the objects stated in the Letter of Offer dated March 29, 2025.
Accordingly, please find attached the statement indicating no deviation or variation in the
utilisation of funds raised through “Rights Issue” as Annexure A for the quarter ended June
30, 2026, duly reviewed by the Audit Committee of the Company in its meeting held today, i.e.,
Monday, August 10, 2026.
The copy of this letter is also available on the website of the Company viz. www.fusionfin.com.
You are requested to take the above on record.
Thanking you,
For Fusion Finance Limited
Vikrant Sadana
Company Secretary & Compliance Officer
Place: Gurugram
Enc.: a/a
Annexure-A
Statement of Deviation / Variation in utilization of funds raised
Name of listed entity Fusion Finance Limited
Mode of Fund Raising Rights Issue
Date of Raising Funds May 02, 2025 (being the date of Allotment of Partly
Paid Up Equity shares)
Amount Raised Total Rights Issue size: INR 799.86 Crores
Amount raised pursuant to issuance of Partly Paid-up
Equity Shares: INR 797.81 Crores
Report filed for Quarter ended June 30, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL Ratings Limited
Is there a Deviation / Variation in use of No
funds raised
If yes, whether the same is pursuant to Not Applicable
change in terms of a contract or objects,
which was approved by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after No Comments
review
Comments of the auditors, if any No Comments
Objects for which funds have been raised and where there has been a deviation, in the following table
Amount of
Modified Modified
Original Funds Deviation/Variation for Remarks if
Original Object Object, if allocation,
Allocation Utilised the quarter according any
any if any
to applicable object
The net proceeds from the rights issue of equity shares to Not Rs. 783.34 No Modified Rs. No deviation/ Variation No utilisation
be utilized towards augmenting the capital base of the Applicable Crores* Allocation 677.71 in utilization of fund reported during
Company to meet future capital requirements. Crores raised through Rights the quarter
Issue expenses Not Rs. 16.52 No Modified Rs. 14.01 Issue NA
Applicable Crores Allocation Crores
* The total Rights Issue size was ₹799.86 crore, which was allotted on May 2, 2025 at an issue price of ₹131 per equity share (face value of ₹10 each and premium of
₹121 each). An amount of ₹65.50 per equity share (face value of ₹5 each and premium of ₹60.50 each) was received on application, aggregating to ₹399.93 crore. The
balance amount of ₹65.50 per equity share was called on November 13, 2025 and was payable by December 11, 2025, against which the Company received ₹395.30
crore out of the total call money of ₹399.93 crore. Out of the outstanding call money of ₹4.63 crore, the Company has subsequently received ₹2.58 crore (excluding
interest of ₹0.07 crore) up to the quarter ended June 30, 2026. Accordingly, the balance call money outstanding as on June 30, 2026 stands at ₹2.05 crore.
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc
For Fusion Finance Limited
Vikrant Sadana
Company Secretary & Compliance Officer