Fusion Micro Finance Ltd

Fusion Finance Ltd has received an order from the Reserve Bank of India (RBI) imposing a monetary penalty of ₹2.70 lakh. The penalty is for non-compliance with the RBI Know Your Customer (KYC) Directions, specifically regarding the system for periodic review of risk categorisation of customer accounts. The violation pertains to the RBI inspection for FY 2024-25. The RBI has noted that the company has undertaken corrective action in May 2026 by implementing a framework for periodic review. Fusion Finance states that the penalty does not have any material impact on its financial position or operations. The company has also made the detailed disclosure available on its website.

Fusion Finance Ltd has issued a clarification regarding a news article published in The Economic Times concerning its strategy to reduce its microfinance share and increase larger retail loans. The company stated that the information in the article was based on an interaction with the publication following its Q1 FY27 financial results announcement. Key disclosures, including the introduction of 'Individual Loans' and target AUM of INR 10,000 crores, were previously communicated to stock exchanges on August 10, 2026. Fusion Finance confirmed it is not aware of any undisclosed information that could explain trading movements and asserted that the article had no material impact on its share price, attributing any price fluctuations to general market trends. The company reiterated its commitment to timely disclosure of material information.

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.

Fusion Finance Ltd has disclosed the Key Managerial Personnel (KMPs) authorized to determine the materiality of events or information and make disclosures to stock exchanges, as per SEBI regulations. Mr. Sanjay Garyali, Managing Director & CEO, and Mr. Vikrant Sadana, Company Secretary & Compliance Officer, are designated for this purpose. Contact details for disclosures are provided. This action ensures compliance with listing obligations and transparency in corporate communication.

Fusion Finance Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CRISIL Ratings Limited. The report, in relation to the utilization of proceeds from its Rights Issue, confirms no deviation from the stated objects. The total gross proceeds of the Rights Issue were ₹799.86 crore, with net proceeds of ₹783.34 crore after deducting issue expenses of ₹16.52 crore. The company has received application money and call money totaling ₹795.23 crore towards the Rights Issue. The Audit Committee has reviewed the report, which is also available on the company's website.

Fusion Finance Ltd has reported no deviation in the utilization of funds raised through its Rights Issue for the quarter ended June 30, 2026. The funds, raised via a Rights Issue on May 2, 2025, totaling INR 799.86 Crores, were intended to augment the company's capital base. The statement, reviewed by the Audit Committee, confirms that the actual use of funds aligns with the objects stated in the Letter of Offer. Minor amounts related to issue expenses and outstanding call money were also clarified.

Fusion Finance Ltd. reported a strong Q1 FY27 performance with Profit Before Tax (PBT) surging 67% quarter-on-quarter to INR 62 crore. The company saw significant year-on-year growth in disbursements (88%) and a marginal increase in Assets Under Management (AUM) to INR 7,702 crore. Key financial metrics improved, including Net Interest Margin (NIM) expanding to 11.93% and Gross NPA reducing to 2.51%. Credit costs declined for the seventh consecutive quarter, and the Capital to Risk-Weighted Assets Ratio (CRAR) stood strong at 36.95%. The company is focusing on technology-led efficiency and prudent portfolio expansion for sustainable growth.

Fusion Finance Ltd announced its standalone un-audited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the introduction of 'Individual Loans' as a new lending product. The company's financial results were reviewed by M/s. B.K. Khare & Co., Chartered Accountants. The Board meeting commenced at 03:15 P.M. and concluded at 05:00 P.M. The results and related reports are available on the company's website.

Fusion Finance (standalone; no consolidated entity exists) posted Q1 FY27 revenue from operations of ₹458.2 Cr, up 5.5% YoY from ₹434.4 Cr, and swung to a net profit of ₹62.4 Cr against a ₹92.3 Cr loss a year ago — a clean YoY turnaround, since both periods carried nil tax so there is no one-off to adjust for on a YoY basis. The turnaround was driven almost entirely by credit costs: impairment on financial instruments fell to ₹39.7 Cr from ₹178.9 Cr YoY (-78%), pulling total expenses down even as finance costs rose. No consensus estimates for this small-cap NBFC-MFI's Q1 print were found, so vsStreet is unknown. Sequentially the headline looks softer — PAT fell 45% and EPS dropped to ₹3.86 from ₹7.06 — but this is a base-effect artifact, not a genuine slowdown: PBT actually rose 66.8% QoQ, from ₹37.4 Cr to ₹62.4 Cr, and pre-provision operating profit (PBT + impairment) grew about 9.7% QoQ to ₹102.1 Cr. Q4FY26's ₹114.2 Cr PAT was flattered by a ₹76.78 Cr deferred-tax credit that did not recur this quarter. This PPOP growth is broadly consistent with management's prior guidance that PPOP acceleration would begin in Q1FY27 and build further in Q2FY27, so the print is on-track on that specific guidance line, though the company's ₹10,000 Cr AUM-by-March-2027 target cannot be checked against this filing since AUM is not disclosed here. Net profit margin was 13.62% (per the company's own Reg. 52(4) disclosure), up sharply YoY from -20.7% but down from 26.55% QoQ on the tax base effect and a 13.4% QoQ rise in finance costs to ₹149.8 Cr, reflecting a larger borrowing book (debt-equity 2.32x). Asset quality held steady with Gross Stage III at 2.51%, Net Stage III at 0.47%, provision coverage at 81.5%, and capital remains ample at 36.95% CRAR and ₹2,520.7 Cr net worth. Corporate developments this quarter were incremental rather than result-moving: the company forfeited ₹1.07 Cr of partly-paid rights-issue shares (1,63,028 shares) and approved a new 'Individual Loans' product line effective the results date; no separate management press release beyond the regulatory filing was available to cross-check framing. Going into Q2FY27, the credit-cost trend (guided at 2.5-3%) and confirmation of continued PPOP acceleration are the key markers to watch.

Fusion Finance Ltd has announced the record date for an interest payment on its secured, listed Non-Convertible Debentures (NCDs). The record date is set for August 14, 2026, with the due date for the debentures being August 29, 2026. The NCDs carry a coupon rate of 10.95% and interest is paid monthly. The principal amount for this interest payment is ₹1,39,50,000. This intimation is made in compliance with Regulation 60(2) of SEBI LODR Regulations, 2015.