Fusion Finance Submits Q3FY26 Monitoring Agency Report for Rights Issue Proceeds

2 min read     Updated on 07 Feb 2026, 08:52 PM
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Reviewed by
Shriram SScanX News Team
Overview

Fusion Finance Limited submitted its Q3FY26 monitoring agency report prepared by CRISIL Ratings Limited, showing no utilization of rights issue proceeds during the quarter ended December 31, 2025. The company raised Rs 795.23 crore out of total issue size of Rs 799.86 crore, with unutilized funds of Rs 412.82 crore deployed in designated monitoring accounts for regulatory compliance.

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*this image is generated using AI for illustrative purposes only.

Fusion Finance Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, in compliance with Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared by CRISIL Ratings Limited, the appointed monitoring agency, and has been considered by the company's Audit Committee in its meeting held on February 6, 2026.

Rights Issue Details and Fund Collection Status

The company conducted a rights issue during April 15-25, 2025, raising funds through the issuance of partly paid-up equity shares. The monitoring report reveals comprehensive details about the fund collection and deployment status.

Parameter: Amount (Rs crore)
Total Issue Size: 799.86
Amount Received (as of Dec 31, 2025): 795.23
Outstanding Balance: 4.63
Net Proceeds (after issue expenses): 783.34
Issue Expenses: 16.52

The rights issue involved 6,10,58,392 partly paid-up equity shares at Rs 131.00 per share, with Rs 65.50 paid on application and the balance Rs 65.50 payable through calls by March 31, 2027.

Fund Utilization Status for Q3FY26

The monitoring report indicates no utilization of rights issue proceeds during the quarter ended December 31, 2025. The funds are earmarked for augmenting the capital base to meet future capital requirements arising from business growth and regulatory compliance.

Object: Proposed Amount (Rs crore) Utilized (Beginning) Utilized (Quarter) Unutilized Balance
Augmenting Capital Base: 783.34 382.41 Nil 400.93
Issue Expenses: 16.52 Nil Nil 16.52
Total: 799.86 382.41 Nil 417.45

Deployment of Unutilized Proceeds

The unutilized rights issue proceeds totaling Rs 412.82 crore are currently deployed in designated monitoring and allotment accounts to ensure proper tracking and compliance.

Account Type: Amount (Rs crore)
Axis Bank Rights Issue Monitoring Account: 17.52
Rights Issue Allotment Account: 395.30
Total Deployed: 412.82

The monitoring account balance includes Rs 16.52 crore earmarked for issue expenses and Rs 1.00 crore allocated for business expansion purposes.

Regulatory Compliance and Monitoring Framework

The report confirms compliance with SEBI regulations, with no deviations reported from the disclosed objects in the offer document. CRISIL Ratings Limited continues to monitor the utilization based on management undertakings, statutory auditor certificates issued by M/s B.K. Khare & Co., Chartered Accountants, and bank statements. The company maintains that the funds will support its microfinance operations and ensure compliance with capital adequacy requirements as the loan portfolio expands.

The balance amount of Rs 4.63 crore is expected to be recovered through subsequent reminder calls as per the offer document terms and board decisions, with a final deadline of March 31, 2027. The report was signed by Shounak Chakravarty, Director, Ratings (LCG) at CRISIL Ratings Limited, and submitted to stock exchanges by Company Secretary Vikrant Sadana.

Historical Stock Returns for Fusion Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-4.30%-6.64%-16.02%-14.43%+20.33%-49.34%

Fusion Finance Limited Receives Trading Approval for 14,765 Converted Equity Shares

1 min read     Updated on 04 Feb 2026, 06:13 PM
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Reviewed by
Naman SScanX News Team
Overview

Fusion Finance Limited has successfully completed its corporate action process and received trading approvals from NSE and BSE for 14,765 equity shares of ₹10/- each, converted from partly paid-up to fully paid-up shares on a rights issue basis. The shares are now available for trading from February 05, 2026, under ISIN INE139R01012 and rank pari passu with existing equity shares.

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*this image is generated using AI for illustrative purposes only.

Fusion Finance Limited has announced the successful completion of its corporate action process, receiving trading approvals from both major stock exchanges for converted equity shares. The company informed the exchanges on February 04, 2026, that 14,765 equity shares have been cleared for trading following their conversion from partly paid-up to fully paid-up status.

Corporate Action Details

The conversion process involved 14,765 equity shares of ₹10/- each that were transformed from partly paid-up equity shares into fully paid-up equity shares on a rights issue basis. These shares had initially faced rejection by the depositories during the corporate action process, but the company has now successfully resolved all procedural requirements.

Parameter: Details
Number of Shares: 14,765
Face Value: ₹10/- each
Conversion Type: Partly paid-up to fully paid-up
Issue Basis: Rights issue
ISIN: INE139R01012

Trading Commencement

The converted shares are now available for trading on both the National Stock Exchange of India Limited and BSE Limited with effect from Thursday, February 05, 2026. The shares will trade under the existing ISIN INE139R01012 and rank pari passu with the company's existing equity shares, ensuring equal rights and privileges for all shareholders.

Process Timeline

The corporate action process began with the company's earlier communications to the exchanges dated November 08, 2025, November 14, 2025, January 05, 2026, and January 28, 2026. Despite initial rejection by depositories, the company successfully completed all necessary procedures to obtain final trading approvals from both exchanges.

Exchange Information

Exchange: Scrip Code
NSE: FUSION
BSE: 543652, 977381, 977412

Official Communication

Company Secretary and Compliance Officer Vikrant Sadana digitally signed the official communication on February 04, 2026. The company has made this information available on its official website at www.fusionfin.com and has requested both exchanges to take the information on record. The communication was issued under the company's CIN L65100DL1994PLC061287, formerly known as Fusion Micro Finance Limited.

Historical Stock Returns for Fusion Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-4.30%-6.64%-16.02%-14.43%+20.33%-49.34%

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1 Year Returns:+20.33%