StockWatch
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Microfinance Institutions
Corporate Action17 Jun 2026, 08:30 pm

Fusion Finance: Second Call Money Forfeiture Notice Issued

AI Summary

Fusion Finance Ltd has issued a second reminder and forfeiture notice for the first and final call money on 3,92,088 partly paid-up equity shares. These shares were issued on a rights basis on March 29, 2025. The call amount is Rs. 65.50 per share (Rs. 5 face value, Rs. 60.50 premium), plus interest at 10% per annum for the delayed period. Shareholders have until July 6, 2026, to make the payment, after which their shares may be forfeited. This action follows previous reminders dated February 11 and April 24, 2026.

Key Highlights

  • Second reminder and forfeiture notice issued for partly paid-up shares.
  • Rs. 65.50 per share due, including Rs. 5 face value and Rs. 60.50 premium.
  • Interest at 10% p.a. applicable for delayed payment.
  • Payment deadline is July 6, 2026.
  • 3,92,088 shares are subject to this notice.