Date: July 03, 2026

Board Meeting Outcomes

  • The company received requisite No-Objection from NSE and BSE for reclassification of 21 entities from "Promoter & Promoter Group" category to "Public" category.
  • The approval was received via letters dated July 03, 2026 from both exchanges.
  • The company shall seek requisite approval of its shareholders for this reclassification in accordance with applicable provisions of law.

Ownership & Shareholding Changes

Reclassification Details

The following 21 entities have been approved for reclassification from Promoter/Promoter Group to Public category with their respective shareholdings:

1. Mr. Devesh Sachdev (Promoter) → Public: 21,56,519 shares (1.33%)

2. Ms. Mini Sachdev (Promoter Group) → Public: 1,09,500 shares (0.07%)

3. M/s. Devesh Sachdev (Promoter Group) → Public: 1,000 shares (0.00%)

4. Family Trust Mr. Subhash Chander (Promoter Group) → Public: No specific shares disclosed

5. Mrs. Geeta Devi (Promoter Group) → Public: No specific shares disclosed

6. Ms. Chandni (Promoter Group) → Public: No specific shares disclosed

7. Ms. Jyotsna Phutela (Promoter Group) → Public: No specific shares disclosed

8. Ms. Gauri Chhabra (Promoter Group) → Public: No specific shares disclosed

9. Mr. Udyan Sachdev (Promoter Group) → Public: 3,00,000 shares (0.185%)

10. Mr. Eshaan Sachdev (Promoter Group) → Public: 3,00,000 shares (0.185%)

11. Mr. Jugal Kishore Nagpal (Promoter Group) → Public: No specific shares disclosed

12. Ms. Usha Nagpal (Promoter Group) → Public: No specific shares disclosed

13. Mr. Vishal Nagpal (Promoter Group) → Public: No specific shares disclosed

14. Mr. Ravi Nagpal (Promoter Group) → Public: No specific shares disclosed

15. Agro Trading Company (Promoter Group) → Public: No specific shares disclosed

16. Classic Overseas Inc. (Promoter Group) → Public: No specific shares disclosed

17. Delhi Seeds Corporation (Promoter Group) → Public: No specific shares disclosed

18. Five Star Solutions (Promoter Group) → Public: No specific shares disclosed

19. Aagaz Development Foundation (Promoter Group) → Public: No specific shares disclosed

20. Udyan Logistics Private Limited (Promoter Group) → Public: No specific shares disclosed

21. Devesh Sachdev HUF (Promoter Group) → Public: No specific shares disclosed

Total shares reclassified: 28,67,019 shares (1.77% of total shareholding)

Continuing Promoters

The other promoter entities - Honey Rose Investments Ltd, Creation Investments Fusion LLC and Creation Investments Fusion II LLC - shall continue to remain classified as promoters and will continue to hold majority shareholding in the Company.

Document References

  • Letter No. FFL/SEC/2026-27/SE-41
  • NSE Reference: LIST /COMP /KR/130/2026-27
  • The copy of this letter is available on the company website: www.fusionfin.com