Meeting Details

  • Type of Meeting: Postal Ballot (Remote e-voting only)
  • Cut-off Date: July 03, 2026 (for determining eligible voters)
  • Voting Period: July 10, 2026 (09:00 AM IST) to August 08, 2026 (05:00 PM IST)
  • Result Declaration: On or before August 11, 2026

Proposed Resolutions and Implications

Item No. 1: Ordinary Resolution for Re-classification

The resolution seeks approval for reclassification of 21 entities from 'Promoter and Promoter Group' to 'Public' category:

  • Mr. Devesh Sachdev (Promoter) - 21,56,519 shares (1.33%)
  • Ms. Mini Sachdev (Promoter Group) - 1,09,500 shares (0.07%)
  • M/s Devesh Sachdev Family Private Trust (Promoter Group) - 1,000 shares
  • Mr. Udyan Sachdev (Promoter Group) - 3,00,000 shares (0.185%)
  • Mr. Eshaan Sachdev (Promoter Group) - 3,00,000 shares (0.185%)
  • 16 other entities with nominal or zero holdings
  • Total Shares: 28,67,019 shares (1.77% of paid-up capital)

The outgoing promoters have confirmed pursuant to Regulation 31A(3)(b) of SEBI LODR Regulations that they shall:

  • Not hold more than 10% of equity share capital and voting rights
  • Not exercise control over the affairs of the Company
  • Not have any special rights through formal or informal arrangements
  • Not be represented on the Board of Directors for at least three years
  • Not act as key managerial personnel for at least three years
  • Are neither wilful defaulters nor fugitive economic offenders

Voting Process and Methods

Remote e-voting Methods:

  • Individual shareholders in demat mode: Through NSDL IDeAS facility, NSDL e-voting website, NSDL OTP-based login, CDSL Easi/Easiest facility, or through Depository Participant websites
  • Physical shareholders/Non-individual shareholders: Through InstaVote platform registration
  • Institutional shareholders: Special registration as 'Custodian/Mutual Fund/Corporate Body' with document upload requirements

Scrutinizer Appointment:

Mr. Harish Kumar (Membership no. F11918), Proprietor of M/s. Harish Popli & Associates, Company Secretaries, has been appointed as Scrutinizer.

Key Compliance Information

Regulatory Approvals Obtained:

  • BSE Limited: No-objection letter LIST/COMP/KR/130/2026-27 dated July 03, 2026
  • National Stock Exchange of India Limited: No-objection letter NSE/LIST/COMP/FUSION/581/2026-2027 dated July 03, 2026

Company Confirms:

  • Compliance with minimum public shareholding requirements under Regulation 38 of SEBI LODR
  • No suspension of trading in company's shares
  • No outstanding dues to SEBI, stock exchanges, or depositories

Post-Reclassification Structure:

The other promoter entities (Honey Rose Investments Ltd, Creation Investments Fusion LLC, and Creation Investments Fusion II LLC) will remain classified as promoters and hold majority shareholding.

Document Availability

  • Company website: www.fusionfin.com
  • NSE website: www.nseindia.com
  • BSE website: www.bseindia.com
  • E-voting website: https://instavote.linkintime.co.in

Additional Information

  • The notice was dispatched electronically on July 09, 2026
  • Advertisement will be published in one English and one Hindi national daily newspaper
  • Documents available for electronic inspection on company website
  • RTA: MUFG Intime India Private Limited, Noble Heights, 1st Floor, Plot No. NH 2, LSC, C-1 Block, Near Savitri Market, Janakpuri, New Delhi-110058