Fusion Finance Limited holds 32nd AGM, re-appoints Sanjay Garyali as Director
Fusion Finance Limited held its 32nd AGM on July 22, 2026. Shareholders approved FY26 standalone financials and re-appointed Mr. Sanjay Garyali as Director. The company reported a Profit After Tax of ₹14 crore in FY26, with Assets Under Management at ₹7,407 crore. An ₹800 crore Rights Issue strengthened capital adequacy.
The re-appointment of a director and the approval of financial statements are routine for an AGM. However, the positive financial turnaround and future growth targets mentioned by the management contribute to a medium impact.
The company reported a return to profitability in FY26 after a loss in the previous year, improved asset quality, and a strengthened capital position due to a successful rights issue, indicating positive financial performance and outlook.
Fusion Finance Limited announced the proceedings of its 32nd Annual General Meeting (AGM) held on July 22, 2026, through Video Conferencing. The shareholders passed an ordinary resolution to adopt the audited standalone financial statements for the Financial Year ended March 31, 2026. Additionally, Mr. Sanjay Garyali (DIN: 11046442) was re-appointed as a Director, retiring by rotation.
The AGM, which commenced at 11:00 A.M. IST and concluded at 11:16 A.M. IST, saw the presence of key management personnel and 76 members. The financial year 2025-26 was highlighted as a turnaround year, with the company returning to profitability with a Profit After Tax of ₹14 crore on a Total Income of ₹1,733 crore. Assets Under Management stood at ₹7,407 crore, bolstered by an ₹800 crore Rights Issue which increased Net Worth to ₹2,456 crore and Capital Adequacy Ratio to 36.46%. Gross NPA improved to 3.21% and Net NPA to 0.5%. The company disbursed ₹5,983 crore during FY26.
Looking ahead, Fusion Finance aims to reach ₹10,000 crore in Assets Under Management and achieve 20-25% CAGR growth, while maintaining credit costs below 2.5%. The company plans continued investments in technology, including LOS, LMS, AI, and ML tools, to enhance efficiency and portfolio quality. The voting results and Scrutinizer's Report will be available on the company's website and submitted to the stock exchanges.
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Fusion Finance Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Fusion Finance Limited. Read the original for the full detail.