Fusion Finance Limited has announced the successful completion of its corporate action process, receiving trading approvals from major stock exchanges for converted equity shares. The company informed both the National Stock Exchange of India Limited and BSE Limited about the completion of the conversion process for partly paid-up equity shares.

Corporate Action Details

The corporate action involved the conversion of equity shares from partly paid-up status to fully paid-up status on a rights issue basis. Initially, these shares faced rejection during the depositories' corporate action process, but the issues have now been resolved successfully.

Trading Approval and Market Access

The company has received trading approvals from both BSE Limited and the National Stock Exchange of India Limited following the successful completion of the corporate action by the depositories. The converted shares are now available for trading on both exchanges.

Regulatory Communication

Fusion Finance Limited submitted this information as part of its regulatory obligations under Regulation 30. The company referenced several previous communications dated November 08, 2025, November 14, 2025, January 05, 2026, January 28, 2026, February 04, 2026, and February 20, 2026, indicating an ongoing process that has now reached completion.

The converted shares rank pari passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. The company has made this information available on its website at www.fusionfin.com for stakeholder reference.

Fusion Finance Limited has published newspaper advertisements on April 03, 2026, confirming the dispatch of its postal ballot notice for director appointments under Regulation 30 of SEBI regulations. The company sent a formal communication to stock exchanges regarding the advertisement publication in Financial Express (English) and Jansatta (Hindi) newspapers.

Postal Ballot Process and Timeline

The postal ballot notice dated April 02, 2026, seeks shareholder approval for two director appointments through remote e-voting process. The company has engaged MUFG Intime India Private Limited to provide the e-voting facility.

Director Appointment Proposals

The postal ballot covers two key resolutions for director appointments requiring shareholder approval:

Director Profiles and Compensation

Mr. Brahmanand Hegde brings over 30 years of experience in microfinance, rural banking, and financial inclusion. He is the founder and key promoter of Vistaar Finance and previously served as Director – Microfinance at Fullerton India. His appointment includes annual remuneration of Rs 7.50 lacs for three financial years from April 1, 2026 to March 31, 2029.

Ms. Remika Agarwal serves as Director and Country Head – India at Creation Investments since January 2020. She represents Creation Investments Fusion, LLC and Creation Investments Fusion II, LLC, possessing extensive experience in NBFCs and credit markets. She will not receive any remuneration or sitting fees.

Shareholder Participation Guidelines

Shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date are eligible to vote. The postal ballot notice has been dispatched electronically to members whose email addresses are registered with the company, RTA, NSDL, or CDSL. The company has confirmed that all communication will be conducted through electronic mode only, with no physical postal ballot forms being sent.