NewsCorporate ActionsFusion Finance Limited Shareholders Approve Articles Amendment and New Managing Director AppointmentFusion Finance Limited Shareholders Approve Articles Amendment and New Managing Director Appointment
Fusion Finance Limited shareholders approved two special resolutions through postal ballot with overwhelming majority. The resolutions included amendment to Articles of Association (99.9996% approval) and appointment of Mr. Sanjay Gargali as Managing Director (99.8530% approval). The voting process concluded on January 07, 2026, with 62.31% participation from total outstanding shares.
*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Fusion Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.73% | +3.63% | +2.84% | -11.30% | -10.35% | -47.43% |
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