Fusion Finance Limited Announces Successful Postal Ballot Results with Strong Shareholder Support

Fusion Finance Limited has successfully concluded its postal ballot process with both special resolutions receiving overwhelming shareholder support. The company submitted the scrutinizer's report and voting results to stock exchanges on January 09, 2026, marking the completion of the corporate governance exercise initiated in December 2025.

Postal Ballot Overview

The postal ballot process was conducted exclusively through remote e-voting, with the record date set as December 05, 2025. The company had 82,197 total shareholders eligible to participate in the voting process.

Parameter:	Details
Record Date:	December 05, 2025
Total Shareholders:	82,197
Voting Method:	Remote E-voting Only
Last Date for Voting:	January 07, 2026
Scrutinizer:	CS Harish Kumar (Harish Popli And Associates)

Resolution Results

Both special resolutions presented to shareholders achieved the requisite majority for approval. The voting demonstrated strong confidence from all shareholder categories.

Resolution 1: Amendment of Articles of Association

The first resolution to amend the company's Articles of Association received near-unanimous support across all shareholder categories.

Category:	Votes Polled	Votes in Favor	Votes Against	Approval %
Promoter Group:	68,736,458	68,736,458	0	100.00%
Public Institutions:	13,059,859	13,059,859	0	100.00%
Public Non-Institutions:	178,572	178,273	299	99.83%
Total:	81,974,889	81,974,590	299	99.9996%

Resolution 2: Appointment of Managing Director

The second resolution for appointing Mr. Sanjay Gargali (DIN: 11046442) as Managing Director also secured strong approval, though with slightly more dissenting votes from institutional investors.

Category:	Votes Polled	Votes in Favor	Votes Against	Approval %
Promoter Group:	68,736,458	68,736,458	0	100.00%
Public Institutions:	13,059,858	12,939,676	120,182	99.08%
Public Non-Institutions:	178,573	178,274	299	99.83%
Total:	81,974,889	81,854,408	120,481	99.8530%

Voting Participation and Process

The postal ballot achieved significant participation with 81,974,889 votes cast, representing 62.31% of the total outstanding shares. The company's paid-up share capital as of the record date was ₹131.55 crores, divided into fully paid-up and partly paid-up equity shares.

Share Category:	Number of Shares	Paid-up Value	Voting Rights
Fully Paid-up (₹10):	10,10,23,885	₹10 each	10,10,23,885
Partly Paid-up (₹5):	6,10,58,392	₹5 each	3,05,29,196
Total Voting Rights:	16,20,82,277		13,15,53,081

Compliance and Documentation

The postal ballot process was conducted in strict compliance with SEBI Listing Regulations and Companies Act provisions. CS Harish Kumar, appointed as scrutinizer on December 06, 2025, oversaw the entire process using MUFG Intime India Private Limited's "instavote" platform. The company published advertisements in Financial Express and Jansatta newspapers on December 09, 2025, informing shareholders about the voting process. All eligible shareholders received voting credentials via email, with no physical ballot forms distributed in accordance with MCA circulars.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.73%	+3.63%	+2.84%	-11.30%	-10.35%	-47.43%

Fusion Finance Limited has successfully concluded its postal ballot process, with shareholders approving both special resolutions with overwhelming majority support. The company submitted the scrutinizer's report and voting results to stock exchanges on January 09, 2026, confirming the passage of key corporate governance measures.

Postal Ballot Overview

The postal ballot was conducted exclusively through remote e-voting, with the record date set for December 05, 2025. The company had 82,197 total shareholders on the record date, with voting concluding at 5:00 PM on January 07, 2026. CS Harish Kumar from Harish Popli And Associates served as the scrutinizer for the process, appointed by the board on December 06, 2025.

Parameter:	Details
Record Date:	December 05, 2025
Total Shareholders:	82,197
Voting Period End:	January 07, 2026
Scrutinizer:	CS Harish Kumar (FCS: 11918)
Total Resolutions:	2

Resolution Results

Both special resolutions received strong shareholder support across all categories. The first resolution regarding amendment to Articles of Association achieved near-unanimous approval, while the second resolution for the Managing Director appointment also secured substantial majority backing.

Resolution 1: Articles of Association Amendment

Category:	Votes Polled	Votes in Favor	Votes Against	Approval %
Promoter Group:	68,736,458	68,736,458	0	100.00%
Public Institutions:	13,059,859	13,059,859	0	100.00%
Public Non-Institutions:	178,572	178,273	299	99.83%
Total:	81,974,889	81,974,590	299	99.9996%

Resolution 2: Managing Director Appointment

The appointment of Mr. Sanjay Gargali (DIN: 11046442) as Managing Director received strong approval, though with slightly more dissent from institutional investors compared to the first resolution.

Category:	Votes Polled	Votes in Favor	Votes Against	Approval %
Promoter Group:	68,736,458	68,736,458	0	100.00%
Public Institutions:	13,059,858	12,939,676	120,182	99.08%
Public Non-Institutions:	178,573	178,274	299	99.83%
Total:	81,974,889	81,854,408	120,481	99.8530%

Voting Participation

The postal ballot saw participation from 62.31% of total outstanding shares, with 81,974,889 votes polled out of 131,553,081 total shares. The company's share capital structure includes both fully paid-up and partly paid-up equity shares, with voting rights proportionally allocated based on the paid-up value.

Regulatory Compliance

The postal ballot process was conducted in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. The company utilized MUFG Intime India Private Limited's "instavote" platform for the remote e-voting facility, ensuring transparent and secure voting process for all eligible shareholders.