5436522024-10-012024-12-315436522024-12-315436522024-10-012024-12-31CompositionOfBoardOfDirectors15436522024-12-31CompositionOfBoardOfDirectors15436522024-10-012024-12-31CompositionOfBoardOfDirectors25436522024-12-31CompositionOfBoardOfDirectors25436522024-10-012024-12-31CompositionOfBoardOfDirectors35436522024-12-31CompositionOfBoardOfDirectors35436522024-10-012024-12-31CompositionOfBoardOfDirectors45436522024-12-31CompositionOfBoardOfDirectors45436522024-10-012024-12-31CompositionOfBoardOfDirectors55436522024-12-31CompositionOfBoardOfDirectors55436522024-10-012024-12-31CompositionOfBoardOfDirectors65436522024-12-31CompositionOfBoardOfDirectors65436522024-10-012024-12-31CompositionOfCommittees145436522024-12-31CompositionOfCommittees145436522024-10-012024-12-31CompositionOfCommittees155436522024-12-31CompositionOfCommittees155436522024-10-012024-12-31CompositionOfCommittees165436522024-12-31CompositionOfCommittees165436522024-10-012024-12-31CompositionOfCommittees415436522024-12-31CompositionOfCommittees415436522024-10-012024-12-31CompositionOfCommittees425436522024-12-31CompositionOfCommittees425436522024-10-012024-12-31CompositionOfCommittees435436522024-12-31CompositionOfCommittees435436522024-10-012024-12-31CompositionOfCommittees685436522024-12-31CompositionOfCommittees685436522024-10-012024-12-31CompositionOfCommittees695436522024-12-31CompositionOfCommittees695436522024-10-012024-12-31CompositionOfCommittees705436522024-12-31CompositionOfCommittees705436522024-10-012024-12-31CompositionOfCommittees955436522024-12-31CompositionOfCommittees955436522024-10-012024-12-31CompositionOfCommittees965436522024-12-31CompositionOfCommittees965436522024-10-012024-12-31CompositionOfCommittees975436522024-12-31CompositionOfCommittees975436522024-10-012024-12-31CompositionOfCommittees985436522024-12-31CompositionOfCommittees985436522024-10-012024-12-31CompositionOfCommittees995436522024-12-31CompositionOfCommittees995436522024-10-012024-12-31CompositionOfCommittees1225436522024-12-31CompositionOfCommittees1225436522024-10-012024-12-31CompositionOfCommittees1235436522024-12-31CompositionOfCommittees1235436522024-10-012024-12-31CompositionOfCommittees1245436522024-12-31CompositionOfCommittees1245436522024-12-31MeetingOfBoardOfDirectors15436522024-10-012024-12-31MeetingOfBoardOfDirectors15436522024-12-31MeetingOfBoardOfDirectors25436522024-10-012024-12-31MeetingOfBoardOfDirectors25436522024-12-31MeetingOfBoardOfDirectors35436522024-10-012024-12-31MeetingOfBoardOfDirectors35436522024-12-31MeetingOfBoardOfDirectors45436522024-10-012024-12-31MeetingOfBoardOfDirectors45436522024-12-31MeetingOfBoardOfDirectors55436522024-10-012024-12-31MeetingOfBoardOfDirectors55436522024-10-012024-12-31MeetingOfCommittees15436522024-12-31MeetingOfCommittees15436522024-10-012024-12-31MeetingOfCommittees25436522024-12-31MeetingOfCommittees25436522024-10-012024-12-31MeetingOfCommittees35436522024-12-31MeetingOfCommittees35436522024-10-012024-12-31MeetingOfCommittees45436522024-12-31MeetingOfCommittees45436522024-10-012024-12-31MeetingOfCommittees55436522024-12-31MeetingOfCommittees55436522024-10-012024-12-31MeetingOfCommittees65436522024-12-31MeetingOfCommittees65436522024-10-012024-12-31MeetingOfCommittees75436522024-12-31MeetingOfCommittees75436522024-10-012024-12-31MeetingOfCommittees85436522024-12-31MeetingOfCommittees85436522024-10-012024-12-31MeetingOfCommittees95436522024-12-31MeetingOfCommittees95436522024-10-012024-12-31MeetingOfCommittees105436522024-12-31MeetingOfCommittees105436522024-10-012024-12-31MeetingOfCommittees115436522024-12-31MeetingOfCommittees115436522024-09-305436522024-12-31ImpositionOfFineOrPenaltyDomain15436522024-12-31ImpositionOfFineOrPenaltyDomain25436522024-12-31ImpositionOfFineOrPenaltyDomain35436522024-12-31ImpositionOfFineOrPenaltyDomain45436522024-12-31ImpositionOfFineOrPenaltyDomain5xbrli:pure543652FUSIONNAINE139R01012FUSION FINANCE LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseThis is no acquisition of shares or voting rights in unlisted companies during the quarter ended December 31, 2024.truefalseThere is no update on the status of ongoing tax litigations or disputes for the quarter ended on December 31, 2024. trueTop 1000 listed entitiestruef00191OriginalOn December 31,2024 there is no chairperson. As per BSE Notice No. 20230410-45 and NSE Circular ref.no.NSE/CML/2023/31 and only for the submission of CG Report, Mr. Devesh Sachdev, MD & CEO, who chaired the latest board Meeting, is mentioned as Chairperson in the CGR. While ascertaining the limit of membership/chairmanship in Audit and Stakeholder Relationship Committee, any private company with listed NCDs is exculded and subsidiary of a public company is deemed to be a public company. Mr. Puneet Gupta was appointed as Additional Non-Executive Independent Director on the board of the Company on October 05, 2024. Later, his appointment was regularised by the members in the EGM dated October 30, 2024.falsefalseMrDEVESH SACHDEV02547111Executive DirectorChairpersonCEO-MD1972-12-25falseActiveNA2009-11-052023-12-05181.261010MrNARENDRA OSTAWAL06530414Non-Executive - Nominee DirectorNot Applicable1977-11-13falseActiveNA2018-12-052024-09-2772.262020MrKENNETH DAN VANDER WEELE02545813Non-Executive - Nominee DirectorNot Applicable1953-04-22falseActiveNA2016-08-122023-09-29100.191000MsNAMRATA KAUL00994532Non-Executive - Independent DirectorNot Applicable1964-03-15falseActiveNA2020-02-182023-02-1858.134485MsRATNA DHARASHREE VISHWANATHAN07278291Non-Executive - Independent DirectorNot Applicable1963-04-15falseActiveNA2018-05-242023-05-2479.074443MrPUNEET GUPTA02728604Non-Executive - Independent DirectorNot Applicable1973-10-25falseActiveNA2024-10-052.261130Mr. Puneet Gupta was appointed as Additional Non-Executive Independent Director on the board of the Company on October 05, 2024 and was also admitted as member of Audit, Board Risk Management and CSR Committee (as mentioned in the below tabs). Later, his appointment was regularised by the members in the EGM dated October 30, 2024. truetruetruetrueAudit Committee00994532NAMRATA KAULNon-Executive - Independent DirectorChairperson2020-02-18Audit Committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-05Audit Committee06530414NARENDRA OSTAWALNon-Executive - Nominee DirectorMember2019-01-30Nomination and remuneration committee07278291RATNA DHARASHREE VISHWANATHANNon-Executive - Independent DirectorChairperson2018-05-24Nomination and remuneration committee06530414NARENDRA OSTAWALNon-Executive - Nominee DirectorMember2019-01-30Nomination and remuneration committee00994532NAMRATA KAULNon-Executive - Independent DirectorMember2020-02-18Stakeholders Relationship Committee07278291RATNA DHARASHREE VISHWANATHANNon-Executive - Independent DirectorChairperson2021-05-26Stakeholders Relationship Committee02547111DEVESH SACHDEVExecutive DirectorMember2021-05-26Stakeholders Relationship Committee00994532NAMRATA KAULNon-Executive - Independent DirectorMember2021-05-26Risk Management Committee00994532NAMRATA KAULNon-Executive - Independent DirectorChairperson2021-05-26Risk Management Committee06530414NARENDRA OSTAWALNon-Executive - Nominee DirectorMember2019-01-30Risk Management Committee02547111DEVESH SACHDEVExecutive DirectorMember2016-02-12Risk Management Committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-05Risk Management Committee99999999SANJAY CHOUDHARYChief Risk OfficerMember2021-05-26Mr. Sanjay Chaudhary is the Chief Risk Officer of the company.Corporate Social Responsibility Committee07278291RATNA DHARASHREE VISHWANATHANNon-Executive - Independent DirectorChairperson2019-01-30Corporate Social Responsibility Committee02547111DEVESH SACHDEVExecutive DirectorMember2015-12-03Corporate Social Responsibility Committee02728604PUNEET GUPTANon-Executive - Independent DirectorMember2024-10-052024-08-06true6532024-09-2145true6522024-10-0513true5522024-11-1439The Board Meeting commenced at 5:00 PM on November 14, 2024 which continued till 11:45 PM and after adjournment, the same meeting resumed at 10:00 AM and concluded at 08:20 PM on November 15, 2024.true6632024-12-0419true663Audit Committee2024-08-06true3320Audit Committee2024-09-2044true3320Audit Committee2024-11-1454true3320Nomination and remuneration committee2024-09-20true3320Nomination and remuneration committee2024-10-0514true3320Nomination and remuneration committee2024-11-1540true3320Corporate Social Responsibility Committee2024-08-05true3320Corporate Social Responsibility Committee2024-11-1197true3320Risk Management Committee2024-08-06true4421Risk Management Committee2024-11-1196true4421Stakeholders Relationship Committee2024-11-11true3320truetruetruetrueYestruetruetrueThe Tenure of Mr. Pankaj Vaish (Non-Executive Independent Director) completed from the closing hours of September 21, 2024 and Mr. Puneet Gupta was appointed as as Additional Non-Executive Independent Director by the Board on October 05, 2024 and subsequently regularised by the members on October 30, 2024. Further, the Board level committees had also been reconstituted for making Mr. Gupta as member of the Committees. Thereby, the Company is in compliance with composition of the board as per applicable SEBI LODR Regulations. Deepak MadaanCompany Secretary and Compliance OfficerfalseMr. Deepak MadaanCompany Secretary and Compliance OfficerGurugram2025-01-1701100NANational Stock ExchangePenalty levied for non-compliance of Regulations 17 and 18 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.2024-11-21The composition of the Board and Audit Committee fell below the statutory requirements as per Regulations 17 and 18 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The same was rectified with effect from October 05, 2024. To address this issue and comply with the regulatory framework, the penalty was promptly paid on 05.12.2024.INR. 74,340/-Bombay Stock ExchangePenalty levied for non-compliance of Regulations 17 and 18 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.2024-12-09The composition of the Board and Audit Committee fell below the statutory requirements as per Regulations 17 and 18 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The same was rectified with effect from October 05, 2024. To address this issue and comply with the regulatory framework, the penalty was promptly paid on 10.12.2024.INR. 74,340/-Odisha GST-State AuthorityShow cause notice issued under section 73 of CGST Act, 20172024-10-03The Company has received notice from the Office of Assistant Commissioner of State Tax Bhubaneswar (Odisha) for excess ITC claimed in GSTR 9. The Company has submitted reply along with required annexure and pending before the Adjudicating authority for final order. Total amount is INR. 17,86,221/- including tax of INR. 10,33,122/-, interest of INR. 6,40,931/- and penalty of INR. 1,12,168/-INR. 1,12,168/-UP GST-State AuthorityShow cause notice issued under section 73 of CGST Act, 20172024-11-27The Company has received notice from the Office of Joint Commissioner Corporate Circle, Varanasi (Uttar Pradesh) on account of excess ITC claimed in GSTR 3B as compared to ITC available in GSTR 2A.The Company has submitted reply along with required annexure and pending before the Adjudicating authority for final order. Total amount is INR. 1,78,15,609/- including tax of INR. 96,30,058/-, interest of INR. 72,22,545/- and penalty of INR. 9,63,006/-INR. 9,63,006/-Odisha GST-State AuthorityShow cause notice issued under section 73 of CGST Act, 20172024-11-27The Company has received notice from the Office of Assistant Commissioner of State Tax Bhubaneswar (Odisha) for excess ITC claimed in GSTR 9. The Company has submitted reply along with required annexure and pending before the Adjudicating authority for final order. Total amount is INR. 1,21,82,454/- including tax of INR. 69,69,367/-, interest of INR. 45,16,150/- and penalty of INR. 6,96,937/-INR. 6,96,937/-