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As on March 31,2025 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, Managing Director of the company who chaired the latest board Meeting, is mentioned as Chairperson in the CGR. 2. While ascertaining the limit of membership/chairmanship in Audit and Stakeholder Relationship Committee, any private company with listed NCDs is excluded and subsidiary of a public company is deemed to be a public company. 3. The designation of Mr. Devesh Sachdev has been changed from Managing Director & CEO to Managing Director w.e.f. March 17, 2025. 4. Mr. Sanjay Garyali has been appointed as the Chief Executive Officer of the Company, w.e.f. March 17, 2025. falsefalseMrDEVESH SACHDEV02547111Executive DirectorChairpersonMD1972-12-25falseActiveNA2009-11-052023-12-05184.161010MrNARENDRA OSTAWALAADPO9336J06530414Non-Executive - Nominee DirectorNot Applicable1977-11-13falseActiveNA2018-12-052024-09-2775.262020MrKENNETH DAN VANDER WEELE02545813Non-Executive - Nominee DirectorNot Applicable1953-04-22falseActiveNA2016-08-122023-09-29103.191000MsNAMRATA KAULABCPK7626D00994532Non-Executive - Independent DirectorNot Applicable1964-03-15falseActiveNA2020-02-182023-02-1861.134485MsRATNA DHARASHREE VISHWANATHAN07278291Non-Executive - Independent DirectorNot Applicable1963-04-15falseActiveNA2018-05-242023-05-2482.074443MrPUNEET GUPTAAEAPG7407B02728604Non-Executive - Independent DirectorNot Applicable1973-10-25falseActiveNA2024-10-055.261130truetruetruetruetrueAudit 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 Committee99999999 SANJAY 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 DirectorMember2024-10-052024-10-05true5522024-11-14The 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.true6632024-12-0419true6632025-02-1269true6312025-03-1429true6632025-03-2914true663Audit Committee2024-11-14true3320Audit Committee2025-02-1289true3320Nomination and remuneration committee2024-10-05true3320Nomination and remuneration committee2024-11-1540true3320Nomination and remuneration committee2025-02-1288true3320Nomination and remuneration committee2025-03-1429true3320Corporate Social Responsibility Committee2024-11-11true3320Corporate Social Responsibility Committee2025-02-0484true3320Stakeholders Relationship Committee2024-11-11true3320Stakeholders Relationship Committee2025-02-0484true3320Risk Management Committee2024-11-11true4421Risk Management Committee2025-02-1292true4411truetruetruetrueYestruetruetrueMr. Deepak MadaanCompany Secretary and Compliance OfficerYeshttps://fusionfin.com/details-of-business/Yeshttps://fusionfin.com/constitutional-documents/Yeshttps://fusionfin.com/about-us/Yeshttps://fusionfin.com/wp-content/uploads/2023/02/Terms-and-conditions-of-appointment-of-Independent-Directors.pdfYeshttps://fusionfin.com/composition-of-committee/Yeshttps://fusionfin.com/wp-content/uploads/2025/02/Code-of-Conduct-for-Board-of-Directors-and-SMP.pdfYeshttps://fusionfin.com/wp-content/uploads/2024/11/22.-Vigil-Policy-and-Whistle-Blower-Mechanism-W.pdfYeshttps://fusionfin.com/wp-content/uploads/2025/02/Policy-on-Compensation-Remuneration-for-Directors-KMP-and-SMP.pdfYeshttps://fusionfin.com/wp-content/uploads/2025/02/Policy-on-Materiality-of-Related-Party-Transactions-and-dealing-with-Related-partie-Transactions.pdfNAYeshttps://fusionfin.com/wp-content/uploads/2024/11/17.-Policy-on-Familiarisation-Programme-for-Independent-Directors-W.pdfYeshttps://fusionfin.com/investor-grievance/Yeshttps://fusionfin.com/investor-grievance/Yeshttps://fusionfin.com/financial-results/Yeshttps://fusionfin.com/shareholding-pattern/NoThe Company has not entered into any such agreements.Yeshttps://fusionfin.com/investors-meet/Yeshttps://fusionfin.com/investors-meet/Yeshttps://fusionfin.com/contact-us/Yes https://fusionfin.com/statutory-advertisements/Yeshttps://fusionfin.com/investor-relations/#rating-reportsNAYeshttps://fusionfin.com/secretarial-compliance-reports/Yeshttp://fusionfin.com/wp-content/uploads/2025/02/Policy-on-determination-of-materiality-of-disclosures.pdfYeshttps://fusionfin.com/investor-grievance/Yeshttps://fusionfin.com/other-disclosures-under-regulation-308/Yeshttps://fusionfin.com/statement-of-deviations-or-variations/Yeshttps://fusionfin.com/wp-content/uploads/2024/11/11.-Dividend-Distribution-Policy-W.pdfYeshttps://fusionfin.com/annual-return/Yeshttps://fusionfin.com/investor-relations-2/Yeshttps://fusionfin.com/investor-relations-2/Yeshttps://fusionfin.com/investor-relations-2/YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNANANANANANAYesYesYesYesYesYesYesYesYesYesYesYesDeepak MadaanCompany Secretary and Compliance OfficerNACompany does not have any subsidiary.Deepak MadaanCompany Secretary and Compliance OfficerfalseMr. Deepak MadaanCompany Secretary and Compliance OfficerGurugram2025-04-2800000Labour CourtPenalty paid2025-02-28Minimum Wage register is not maintainedINR.500/-National Stock Exchange of India LimitedPenalty levied for non-compliance of Regulations 17 and 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.2025-03-17The composition of the Board and Audit Committee fell below the statutory requirements as per Regulations 17 and 18 of theSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The same was rectified with effect from October 05, 2024. The penalty was imposed for the four days falling in December 2024 quarter i.e. 01.10.2024 to 04.10.2024 which was promptly paid by the company on March 19, 2025.INR 33,040/-BSE LimitedPenalty levied for non-compliance of Regulations 17 and 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.2025-03-17The composition of the Board and Audit Committee fell below the statutory requirements as per Regulations 17 and 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The same was rectified with effect from October 05, 2024. The penalty was imposed for the four daysfalling in December 2024 quarter i.e. 01.10.2024 to 04.10.2024 which was promptly paid by the company on March 19, 2025.INR 33,040/-Assistant Commissioner of State tax, Bhubaneshwar (Odisha)Intimation of tax ascertained as being payable under Section 73(5) and directed to make payment of INR. 26,75,614.23 in total (INR. 16,94,394.21 as tax amount, INR. 8,02,167.99 as interest and INR. 1,79,052.02 as penalty).2025-01-15The Company has received notice from the Office of Assistant Commissioner of State Tax Bhubaneswar (Odisha) about non-reversal of ITC as per rule 42/43 of CGST Rule during the period April, 2021 to March, 2022.Penalty amount INR. 1,79,052.02/-. The Company has received an Intimation of tax ascertained as being payable under Section73(5) of CGST Act and directed to make payment of INR 26,75,614.23. The Company believes that it has adequate legal grounds to reasonably substantiate its position in this matter and does not expect any material impact on financial, operation or other activities of the company due to the said Order. The same was already intimated to the stock exchanges on 16.01.2025.Additional Commissioner Grade-II Appeal Jurisdiction,VaranasiThe Office of Additional Commissioner (Grade-II), Appeals, Corporate Circle, Varanasi, Uttar Pradesh, has issued an order under Section 107 of the CGST/UPGST Act, 2017. The order reduces the demand liability by INR 1,70,31,444 and confirms a payable amount of INR 1,60,628. This order relates to the demand-in-original, which was received on December 29, 2023.2025-03-04The Company received Order-in-original issued under section 73 of CGST Act or UPGST Act and, directed to make payment of Rs. 1,71,92,072 in total (Rs. 77,09,450 as tax amount, Rs. 87,11,678 as interest and Rs. 7,70,944 as penalty).Penalty imposed Rs. 20,000/-.The Office of Additional Commissioner (Grade-II), Appeals, Corporate Circle, Varanasi, Uttar Pradesh, has issued an order under Section 107 of the CGST/UPGST Act, 2017. The order reduces the demand liability by INR 1,70,31,444 and confirms a payable amount of INR 1,60,628(Rs. 62,688 as tax amount, Rs.77,940 and Rs.20,000 as penalty). This order relates to the demand-in-original, which was received on December 29, 2023. The same was already intimated to the stock exchanges on 05.03.2025.Office of Joint Commissioner Corporate Circle, Varanasi ,Uttar Pradesh2025-03-04The Company has received notice from the Office of Joint Commissioner Corporate Circle, Varanasi (Uttar Pradesh) of Rs, 1,71,92,072 on account of excess ITC claimed in GSTR 3B as compared to ITC available in GSTR 2A. The Company has filed reply along with required annexures but the Adjudicating Authority did not accept the reply and issued the demand notice. The Company has filed appeal against the demand order which is pending before Appellate authority for hearing.The company has received the order from appellate authority in Form APL-04 and the demand of Rs.1,60,628 is confirmed by the authority and balance demand of Rs.1,70,31,444 (1,71,92,072-1,60,628) is dropped by the authority . The company is under the process of filing SPL-02 for taking benefit of Amensty scheme under GST. The same was already intimated to the stock exchanges on 05.03.2025.Assistant Commissioner of State tax, BHUBANESWAR-1, Odisha 2024-11-27The Company has received the notice from the office of Assistant Commissioner of State Tax, Bhubaneswar on accounts of excess ITC claimed during the FY 2020-2021 and directed to make payment of Rs. 1,21,82,453 in total (Rs. 69,69,367as tax amount, Rs. 45,16,150 as interest and Rs. 6,96,936 as penalty).The Company has received an Order for dropping the proceedings on February 27, 2025 under section 73/74 of CGST Act, 2017 wherein the demand as per Show Cause Notice has been dropped and concluded and the same is also disclosed to the stock exchanges on February 27, 2025.Assistant Commissioner of State tax, BHUBANESWAR-1, Odisha2024-10-03The Company has received the notice from the office of Assistant Commissioner of State Tax, Bhubaneswar on accounts of non-reversal of ITC as per rule 42/43 of the CGST Act, 2027 during the FY 2020-2021 and directed to make payment of Rs. Rs. 17,86,221 in total (Rs. 10,33,122 as tax amount, Rs. 6,40,931 as interest and Rs. 1,12,168 as penalty).The Company has received an Order for dropping the proceedings on February 25, 2025 under section 73/74 of CGST Act, 2017 wherein the demand as per Show Cause Notice has been dropped and concluded and the same is also disclosed to the stock exchanges on February 27, 2025.Office of Joint Commissioner Corporate Circle, Varanasi ,Uttar Pradesh2024-11-27The Company has received the notice from the office of Joint Commissioner of State Tax, Varansi (Uttar Pradesh) on accounts of excess ITC claimed during the FY 2020-2021 and directed to make payment of Rs. 1,78,15,609 in total (Rs. 96,30,058 as tax amount, Rs. 72,22,545 as interest and Rs. 9,63,006 as penalty)The Company has received an Order for dropping the proceedings on February 15, 2025 under section 73/74 of CGST Act, 2017 wherein the demand as per Show Cause Notice has been dropped and concluded and the same is also disclosed to the stock exchanges on February 16, 2025.