
Promoter Reclassification11 Aug 2026, 04:51 pm
Fusion Finance Shareholders Approve Promoter Reclassification
AI Summary
Fusion Finance Ltd announced that its shareholders have approved the reclassification of Mr. Devesh Sachdev and his family members, along with several other entities, from the 'Promoter & Promoter Group' category to the 'Public' category. This change, effective August 8, 2026, impacts approximately 1.77% of the company's shareholding. The decision was made via postal ballot on August 8, 2026, following previous disclosures. Certain other promoter entities will continue to remain in the 'Promoters' category. The company has also submitted the voting results and scrutinizer's report.
Key Highlights
- Shareholders approved reclassification of promoters to public category.
- Change is effective August 8, 2026.
- Impacts 1.77% of total shareholding.
- Mr. Devesh Sachdev and family reclassified.
- Voting results and scrutinizer's report enclosed.
Price Impact
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