Fusion Finance Limited has submitted its application to stock exchanges for promoter reclassification approval, following the board meeting outcome announced on February 27, 2026. The company addressed significant corporate governance changes including the formal submission of reclassification documents and the appointment of a new Chief Strategy Officer.

Stock Exchange Application Submitted

On March 2, 2026, Fusion Finance Limited submitted applications with requisite documents to both National Stock Exchange of India Limited (NSE) and BSE Limited, seeking approval for promoter reclassification under Regulation 31A(3) of SEBI LODR Regulations, 2015.

Promoter Reclassification Details

The board had approved reclassification requests from Mr. Devesh Sachdev, Ms. Mini Sachdev, and M/s Devesh Sachdev Family Trust, seeking transition from 'Promoter & Promoter Group' category to 'Public' category shareholders.

The board's approval was based on specific rationale demonstrating reduced promoter involvement, including no direct or indirect control over company affairs, absence of influence on management decisions, no board representation, and termination of special rights through shareholder approval dated January 7, 2026.

Senior Management Appointment

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

Ms. Wadhra brings extensive expertise in Financial Control, Treasury Management, RBI Regulatory Reporting, and Investor Relations, with previous leadership roles at Arya.ag, Indifi Technologies, Clix Finance India, and Barclays.

Next Steps and Compliance

The company will undertake further steps for reclassification in due course, following stock exchange approval and subsequent shareholder approval in compliance with SEBI LODR Regulations. All documentation has been made available on the company website at www.fusionfin.com .

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.