FUSION FINANCE LIMITED — Regulatory Filings 2024

Oct 3, 2024

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Date: 03.10.2024

Letter No. FFL/SEC/2024-25/SE-95

The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Mumbai - Dalal Street, Mumbai - 400 001 400 051 Scrip Code: FUSION Scrip Code: 543652

Sub: Disclosure under Regulation 30(2) read with Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Ma’am,

In continuation to our letter no. FFL/SEC/2024-25/SE-89 dated September 25, 2024, pursuant to Regulation 30 read with clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of Show Cause Notice received by the Company from Goods and Service Tax (GST) Authority are enclosed herewith as “Annexure A” .

Request you to kindly update the same on your records.

Yours faithfully,

For Fusion Finance Limited (Formerly Fusion Micro Finance Limited)

DEEPAK Digitally signed by DEEPAK MADAA MADAAN Date: 2024.10.03 N 18:34:19 +05'30'

Deepak Madaan Company Secretary & Chief Compliance Officer Membership No. A24811 Place: Gurugram

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Annexure A

Name of the Authority	Assistant Commissioner of State tax, Bhubaneshwar-1, Odisha.
Nature and details of the action(s) taken, ororders(s) passed	Show cause notice issued under Section 73 of CGSTAct / OGST Act, and directed to make payment of 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).
Date of receipt of direction or order includingand ad-interim or interim orders or any othercommunication from the authority	October 03, 2024
Details of the violation (s) /contravention (s)committed or alleged to be committed	The alleged notice pertains to non-reversal of ITC asper Rule 42/43 of CGST Rule during the period April,2020 to March, 2021.
Impact on financial, operation or other activitiesof the listed entity quantifiable in monetaryterms to the extent possible	The Company has received a show cause noticeunder Section 73 of CGST Act and directed to makepayment of INR 17,86,221.The Company believes that it has adequate legalgrounds to reasonably substantiate its position inthis matter and does not expect any material impacton financial, operation or other activities of thecompany due to the said Order.