Fusion Micro Finance cuts net loss, announces NCD issuance, director exit

Fusion Micro Finance Limited reported a reduced net loss after tax of INR 22 crore for Q2 FY26, down from INR 92 crore in Q1 FY26, according to unaudited financial results. Total loan disbursements increased 37% quarter-over-quarter to INR 1,298 crore, while assets under management (AUM) stood at INR 7,038 crore. The company maintained a healthy capital adequacy ratio (CRAR) of 31.31% and liquidity of INR 892 crore.

The board also approved the issuance of up to 10,000 rated, unsubordinated, secured, taxable, transferable, redeemable, listed, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 100 crore, on a private placement basis. These NCDs will have a tenure of 24 months from the deemed allotment date and an 11% per annum coupon rate, payable monthly.

Additionally, Mr. Devesh Sachdev resigned as a director effective November 4, 2025, due to personal reasons. The board acknowledged his contributions and is set to amend the Articles of Association (AOA) to remove his right to nominate an executive director. The board also fixed November 11, 2025, as the record date for the first and final call on partly paid-up equity shares.