Fusion Finance Limited announced that its Nomination and Remuneration Committee has approved the grant of 10,000 stock options to eligible employees under the company's Employee Stock Option Plan 2023. The decision was made during a committee meeting held on March 20, 2026, which commenced at 06:00 PM IST and concluded at 06:25 PM IST.

Stock Option Grant Details

The stock option grant represents a significant employee benefit initiative under the Fusion Employee Stock Option Plan 2023. The scheme operates in full compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Vesting and Exercise Terms

The granted stock options come with specific vesting and exercise conditions designed to align employee interests with long-term company performance. The vesting schedule ensures that options cannot be exercised immediately, promoting employee retention and sustained contribution.

Key Terms and Conditions

• Vesting Period: Options will vest not before 1 year from the grant date and not after the maximum vesting period prescribed in ESOP 2023
• Exercise Window: 8 years from the date of vesting of options
• Current Status: No options have been exercised, lapsed, or varied as of the grant date

Regulatory Compliance

The stock option grant was disclosed in accordance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated by SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

The disclosure was communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency for all stakeholders. The company has also made this information available on its official website at www.fusionfin.com .

Employee Incentive Strategy

This stock option grant represents part of Fusion Finance Limited's broader employee incentive and retention strategy. The ESOP 2023 framework provides a mechanism for employees to participate in the company's growth and success over the long term, creating alignment between employee performance and shareholder value creation.

Fusion Finance Limited has announced a leadership transition in its technology department following a board meeting conducted on March 20, 2026. The company disclosed significant changes to its senior management structure through an official regulatory filing, involving the resignation of its current Chief Information Officer and the appointment of his successor.

Board Meeting Outcome and Regulatory Compliance

The board of directors approved two key personnel decisions during their meeting, which commenced at 06:25 PM (IST) and concluded at 06:55 PM (IST). The changes were made pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated these decisions to both the National Stock Exchange of India Limited and BSE Limited in compliance with listing obligations.

Reason for CIO Departure

Mr. Sanjay Mahajan submitted his formal resignation from the Chief Information Officer position due to health-related concerns. In his resignation letter dated March 20, 2026, Mahajan explained that he had been managing recurring health issues over the past 4-5 months while continuing his professional responsibilities. However, recent weeks had become more alarming, prompting medical advice to prioritize his health and reduce work-related stress.

Mahajan expressed his commitment to ensuring a smooth transition and offered to support the identification and onboarding of his successor. He acknowledged the company's turnaround story under current leadership and thanked the leadership team and board members for their support during his tenure.

New CIO Appointment Details

The board, based on recommendations from the Nomination and Remuneration Committee, appointed Mr. Susheel Kumar Menon as the new Chief Information Officer and designated him as Senior Managerial Personnel. Menon has been working with the company since April 8, 2024, in his capacity as Chief Information Security Officer (CISO).

During the interim period, Menon will continue holding both the Chief Information Officer and Chief Information Security Officer positions, ensuring continuity in the company's technology and security operations. The appointment was formally approved in the respective meetings of the Nomination and Remuneration Committee on March 20, 2026.

Professional Background of New CIO

Mr. Susheel Kumar Menon brings extensive experience to his expanded role, with over 27 years of diverse experience across IT strategy, information security, and digital transformation. His career includes key leadership positions at several reputed organizations including Satin Creditcare Network Ltd., Bata India, Yum! Restaurants India, Ericsson, and Gillette India Ltd.

Menon's expertise encompasses enterprise security architecture, IT governance, program management, infrastructure and data center operations, and vendor risk management. He is recognized for his ability to integrate business strategy with technology execution, enabling innovation while maintaining strong governance and compliance with regulatory frameworks such as RBI and data protection norms.

Regulatory Filing and Documentation

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI LODR Regulations, including the submission of detailed information about both the resignation and appointment. The filing included comprehensive annexures containing the resignation letter and detailed profile information as required under Schedule III and SEBI Circular dated January 30, 2026.

The resignation was noted and accepted by the Nomination and Remuneration Committee of Board of Directors in their respective meetings on March 20, 2026. Mr. Menon is confirmed to be not related to any Director, Key Managerial Personnel, and Senior Managerial Personnel of the Company.