Nature of the Event

Fusion CX Limited has made a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to inform the stock exchanges that it has entered into a loan agreement with its wholly owned subsidiary.

Key Quantitative Figures

  • The total loan amount is up to USD 2,300,000 (US Dollars Two Million Three Hundred Thousand Only).
  • The rate of interest is 8.5% per annum.
  • The outstanding loan amount as of the disclosure date (October 28, 2026) is Nil.

Dates of Action

  • The date of execution of the Loan Agreement is October 28, 2026.
  • The tenure of the loan is 3 (three) years from the date of disbursal.

Parties or Entities Involved

  • Lender: Fusion CX Limited (the listed entity).
  • Borrower: Fusion BPO Services Ltd, a UK-based company and a Wholly Owned Subsidiary (WOS) of Fusion CX Limited.
  • The disclosure was signed and submitted by Barun Singh, Company Secretary and Compliance Officer (Membership No.: A32887).
  • Common directors between the Company and the WOS are Mr. Pankaj Dhanuka (Chairman and Managing Director, CEO) and Mr. Kishore Saraogi (Managing Director and COO).

Purpose or Stated Rationale

The purpose of entering into the agreement is to provide an "Inter Corporate Term Loan owing to business requirements" of the subsidiary.

Significant Terms of the Agreement

  • Nature of Loan: Unsecured loan.
  • Interest Rate: 8.5% per annum.
  • Tenure: 3 years from the date of disbursal.
  • Security: None (unsecured).

Related Party Transaction Status

  • The transaction is classified as a related party transaction because Fusion BPO Services Ltd is a wholly owned subsidiary.
  • The company states that the transaction is conducted on an "arm's length" basis.

Financial and Operational Impact

  • The loan provides funding to the subsidiary for its business requirements.
  • The disclosure states the loan amount is "up to" USD 2.3 million, indicating the full amount may not be drawn immediately.
  • The outstanding amount is currently Nil, confirming no disbursement has been made as of the agreement date.

Capital Structure Impact

This is a loan transaction and does not involve an issuance of shares; therefore, there is no impact on the company's share capital or ownership structure.