Fusion Finance Limited has received a positive rating reaffirmation from CARE Ratings Limited, with the credit rating agency maintaining its CARE A rating while upgrading the outlook to stable. The announcement, made on March 27, 2026, represents a significant improvement in the company's credit profile as the instruments were removed from Rating Watch with Negative Implications.

Rating Reaffirmation Details

CARE Ratings Limited has reaffirmed the CARE A rating for Fusion Finance's key financial instruments, covering a total amount of ₹1,650 crore. The rating action was based on the company's operational and financial performance for FY25 (Audited) and 9MFY26 (Un-Audited) periods.

Regulatory Compliance and Communication

The company communicated this development to stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Vikrant Sadana signed the regulatory filing, ensuring proper disclosure to stakeholders.

Rating Agency Assessment

CARE Ratings' decision reflects an improved assessment of Fusion Finance's credit profile. The removal from Rating Watch with Negative Implications indicates that the rating agency's previous concerns have been addressed through the company's operational and financial performance improvements.

The rating letters were received by Mainak Chakrabortty, AVP - Finance at Fusion Finance Limited, at the company's Gurgaon office. The rating agency has reserved the right to undertake surveillance and review of the ratings periodically, with at least one review annually.

Key Rating Considerations

The CARE A rating signifies good credit quality with adequate degree of safety regarding timely servicing of financial obligations. The stable outlook indicates that the rating is unlikely to change in the near term. CARE Ratings emphasized that these ratings are opinions on the likelihood of timely payment and are not recommendations for investment decisions.

The rating agency noted that the assessment does not factor in any rating-related trigger clauses and that ratings may see volatility if such clauses are introduced and triggered. Complete rating definitions and updates are available on CARE Ratings' website for stakeholder reference.

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.