Fusion Finance Limited — Important, 29-07-2025: General Updates

Fusion Finance (FUSION) has received a favorable appeal order for an earlier income tax demand concerning interest payments to foreign NCD holders. The initial demand for AY 2020-21 and 2021-22, which treated the company as an assessee in default, has been completely deleted. This appeal outcome nullifies a total tax demand of approximately Rs. 27.80 Cr (Rs. 16.62 Cr for AY 2020-21 and Rs. 11.18 Cr for AY 2021-22). This development positively impacts the company's financial outlook by resolving a significant potential liability.