Fusion CX Limited has made a disclosure to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The disclosure is also made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023.

The core event is the execution of a loan agreement. The company has entered into a loan agreement with two of its wholly-owned subsidiaries (WOS):

  • Borrower 1: Fusion BPO Services Ltd., a UK based WOS
  • Borrower 2: Fusion BPO Services Limited, a Canada based WOS

The key terms of the agreement are as follows:

  • Size of Agreement: USD 4,500,000 (US Dollars Four Million Five Hundred Thousand Dollars Only)
  • Purpose: The loan is being availed by the UK-based WOS exclusively for the purpose of onward lending to the Canada-based WOS. The funds are intended for the repayment of an existing loan of the Canadian subsidiary.
  • Interest Rate: 8.5% per annum
  • Tenure: 5 (Five) years from the date of disbursal
  • Nature of Loan: Unsecured
  • Date of Execution: The loan agreement was executed on November 05, 2026.
  • Outstanding Amount: The amount of loan outstanding as on the date of this disclosure is Nil.

Relationship Between Parties: The transaction is classified as a related party transaction. The company holds a 100% stake in both borrower entities. Furthermore, Mr. Pankaj Dhanuka (Chairman, Managing Director, and CEO) and Mr. Kishore Saraogi (Managing Director and COO) are common directors in Fusion CX Limited and in both wholly-owned subsidiaries. Despite this relationship, the company has stated that the transaction is conducted on an "arm's length basis."

Additional Disclosures: There are no other disclosures related to nominee directors, potential conflicts of interest, or security provided for the loan, as the loan is unsecured. The disclosure also confirms that sections regarding the termination or amendment of an agreement are not applicable to this filing.

The intimation letter was signed and submitted by Barun Singh, Company Secretary and Compliance Officer (Membership No.: A32887) of Fusion CX Limited.