Fusion Finance Limited has approved the grant of 45,000 stock options to eligible employees under its Employee Stock Option Plan 2023. The company’s Nomination and Remuneration Committee authorized the grant through resolution by circulation on July 25, 2026, aligning the incentive structure with long-term employee retention goals. The move is part of the firm’s broader strategy to align employee interests with shareholder value creation.

The disclosure was made pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026. The scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key Terms of the Grant

The stock options were granted at an exercise price of ₹216.48 per option, reflecting the closing price on the National Stock Exchange of India Limited on July 24, 2026. The vesting and exercise schedules are structured to ensure long-term commitment from recipients.

The options will not vest before one year from the grant date and must be exercised within eight years from the date of vesting, as prescribed in the ESOP 2023 framework. No options have been exercised, lapsed, or cancelled as of the filing date.

What This Means for Shareholders

The grant of 45,000 options represents a controlled dilution event, with the exercise price set at the prevailing market level to avoid immediate windfall gains. By tying vesting to a minimum one-year horizon, the company aims to reduce turnover among key talent while deferring potential equity dilution until performance milestones are met. The absence of accelerated vesting clauses suggests a standard retention-focused approach rather than a short-term incentive push.

Fusion Finance has initiated the remote e-voting process to reclassify 21 entities from the promoter and promoter group categories to public shareholders, a move affecting 1.77% of its total paid-up equity share capital. The voting period opened on July 10, 2026, and will close on August 8, 2026, following the dispatch of the Postal Ballot Notice on July 9, 2026. This transition alters the ownership structure while remaining promoter entities, including Honey Rose Investments Ltd, Creation Investments Fusion LLC, and Creation Investments Fusion II LLC, will continue to hold the majority stake in the company.

The reclassification encompasses 28,67,019 shares held as of June 30, 2026. Key individuals transitioning include Mr. Devesh Sachdev, who moves from the promoter category with 21,56,519 shares (1.33%), and Mr. Udyan Sachdev and Mr. Eshaan Sachdev, each holding 3,00,000 shares (0.185%). Several entities, such as M/s. Devesh Sachdev Family Private Trust and various members of the Nagpal family, are also moving to the public category, though some hold no shares as of the specified date.

Shareholding Details

The following table details the entities approved for reclassification and their shareholding as of June 30, 2026:

Postal Ballot and Voting Schedule

The company has engaged MUFG Intime India Private Limited to facilitate the remote e-voting process. The cut-off date for determining shareholder eligibility was July 3, 2026. Members can cast their votes remotely until 5:00 PM IST on August 8, 2026. The results of the postal ballot, along with the scrutinizer's report, will be announced on or before August 11, 2026. Mr. Harish Kumar has been appointed as the scrutinizer to ensure the process is conducted fairly and transparently.