Fusion Finance Limited announced the outcome of its board meeting held on February 27, 2026, addressing significant corporate governance changes including promoter reclassification and senior management appointment. The board approved both decisions pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Promoter Reclassification Approval

The board approved reclassification requests from Mr. Devesh Sachdev, Ms. Mini Sachdev, and M/s Devesh Sachdev Family Trust, including persons related to them under SEBI regulations, seeking transition from 'Promoter & Promoter Group' category to 'Public' category shareholders.

The board's approval was based on specific rationale demonstrating reduced promoter involvement:

• No direct or indirect control over company affairs
• Absence of influence on management or policy decisions
• No representation on the company's board of directors
• Non-participation in day-to-day company activities
• Termination of special rights previously granted to Mr. Sachdev through shareholder approval dated January 7, 2026

Senior Management Appointment

Based on Nomination and Remuneration Committee recommendations, the board appointed Ms. Priyanka Seth Wadhra as Chief Strategy Officer and Senior Managerial Personnel effective February 27, 2026.

Professional Background

Ms. Wadhra brings over 23 years of leadership experience across NBFCs, FinTech, Housing Finance, and global banking institutions. She is a Chartered Accountant with extensive expertise in Financial Control, Treasury Management, RBI Regulatory Reporting, Financial Planning & Analysis, Investor Relations, and Governance.

Her previous leadership roles include:

• Group CFO at Arya.ag and Indifi Technologies
• CFO at Clix Finance India
• Vice President at Barclays
• Senior Vice President – Finance at Religare Finvest

Ms. Wadhra has demonstrated success in capital raising activities, managing lender and investor relationships, improving credit ratings, and implementing robust financial and compliance frameworks. She holds a commerce degree from Shri Ram College of Commerce, University of Delhi, and is a member of the Institute of Chartered Accountants of India.

Regulatory Compliance and Next Steps

The company will proceed with applications to National Stock Exchange of India Limited and BSE Limited for promoter reclassification approval, followed by shareholder approval in compliance with SEBI LODR Regulations. The board meeting commenced at 06:35 PM IST and concluded at 07:00 PM IST on February 27, 2026.

Fusion Finance Limited has announced the grant of 1,45,000 stock options to eligible employees under its Employee Stock Option Plan 2023. The company's Nomination and Remuneration Committee approved this decision during a meeting held on February 27, 2026, which commenced at 06:25 PM IST and concluded at 06:35 PM IST.

Stock Option Grant Details

The comprehensive details of the stock option grant demonstrate the company's commitment to employee incentivization through equity participation.

Vesting and Exercise Framework

The stock options come with structured vesting and exercise provisions designed to align employee interests with long-term company performance. The options will vest not before 1 year from the grant date and not after the maximum vesting period as prescribed in ESOP 2023.

Key timeline parameters include:

• Minimum Vesting Period: 1 year from grant date
• Exercise Window: 8 years from the date of vesting
• Maximum Vesting Period: As per ESOP 2023 guidelines

Regulatory Compliance

The grant has been structured in full compliance with regulatory requirements. The scheme adheres to the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure was made pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Corporate Communication

The announcement was formally communicated to both the National Stock Exchange of India Limited and BSE Limited through proper regulatory channels. Company Secretary and Compliance Officer Vikrant Sadana signed the disclosure documents, with the information also made available on the company's website at www.fusionfin.com .

This stock option grant represents Fusion Finance Limited's ongoing strategy to attract and retain talent through equity-based compensation, providing employees with opportunities to participate in the company's future growth and success.