Document Overview

This document is a regulatory filing by Fusion Finance Limited, submitted to BSE Limited. It comprises a cover letter and an Independent Auditor's Certificate from B.K. Khare & Co. Chartered Accountants. The filing is made pursuant to Regulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/DDHS-PoD1/P/CIR/2025/117 dated August 13, 2025. Its purpose is to disclose the Security Cover Certificate for the company's Non-Convertible Debt Securities as of June 30, 2026.

Key Quantitative Figures & Security Cover

  • The total value of assets considered for the security cover calculation is ₹8,657.76 crore (Book Value).
  • The specific debt securities for which this certificate is issued have a book value of ₹306.41 crore.
  • The security cover ratio, calculated on a book value basis for the relevant debt, is 1.15.
  • The market value of assets under exclusive charge is ₹352.45 crore.
  • Other secured debt (exclusive charge) amounts to ₹5,172.02 crore.
  • Assets not offered as security have a book value of ₹3,139.52 crore.
  • Total liabilities considered amount to ₹6,137.07 crore.

Parties Involved

  • Issuing Company: Fusion Finance Limited
  • Stock Exchange: BSE Limited
  • Company Representative: Vikrant Sadana, Company Secretary & Compliance Officer
  • Auditor: B.K. Khare & Co., Chartered Accountants (Firm Registration Number 105102W)
  • Auditor's Signatory: Shirish Rahalkar, Partner (Membership Number: 111212)
  • Debenture Trustee: Catalyst Trusteeship Limited

Purpose & Rationale

The filing is a mandatory compliance requirement under SEBI LODR Regulations. The accompanying auditor's certificate provides limited assurance that the statement of asset cover agrees with the company's unaudited financial results and that the company has maintained adequate asset cover and complied with all covenants for its debt securities as of June 30, 2026.

Financial & Operational Impact

  • The disclosure confirms the company is in compliance with its covenant to maintain adequate security cover for its listed Non-Convertible Debt Securities.
  • The asset cover ratio of 1.15 meets the required threshold.

Notes from Annexure

1. Impairment on loans (ECL methodology) is not considered in the market value columns (L and O).

2. The debt securities covered by this certificate (₹306.41 Cr) form part of the "Debt Securities" line item in the financial results.

3. Security perfection was yet to be completed for borrowings amounting to ₹897.00 crore as of June 30, 2026.

4. The asset cover ratio is calculated only for the specific debts mentioned in this certificate.

Compliance Status (Annexure-II)

The company confirmed compliance with all financial covenants for the following facilities as of March 31, 2026:

  • ISIN INE139R07449 (UTI International Wealth Creator 4): Facility size ₹159.03 Crore, Trust Deed dated 12-Dec-25. Compliance: Yes.
  • ISIN INE139R07456 (A K Capital Finance Limited): Facility size ₹146.90 Crore, Trust Deed dated 26-Dec-25. Compliance: Yes.