General information about company

Scrip code973076
NSE Symbol
MSEI Symbol
ISININE139R07407
Name of the entityFusion Micro Finance Limited
Date of start of financial year01-04-2022
Date of end of financial year31-03-2023
Reporting QuarterHalf Yearly
Date of Report30-09-2022
Risk management committeeNot Applicable
Market Capitalisation as per immediate previous Financial YearAny other



Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular ChairpersonNo
Whether Chairperson related to PromoterNoDisqualification of Directors under section 164 of the Companies Act, 2013
SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether the director is disqualified?Start Date of disqualificationEnd Date of disqualificationDetails of disqualificationCurrent statusWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing RegulationsNumber of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
1MrDevesh SachdevAOWPS6753C02547111Executive DirectorNot ApplicableCEO-MD25-12-1972NoActiveNA05-11-200905-12-20181540010
2MrNarendra OstawalAADPO9336J06530414Non-Executive - Nominee DirectorNot Applicable13-11-1977NoActiveNA05-12-2018452050
3MrKenneth Dan Vander WeeleBTCPV8143B02545813Non-Executive - Nominee DirectorNot Applicable22-04-1953NoActiveNA12-08-2016730010
4MsNamrata KaulABCPK7626D00994532Non-Executive - Independent DirectorNot Applicable15-03-1964NoActiveNA18-02-2020313383



I. Composition of Board of Directors

Disclosure of notes on composition of board of directors explanatory

Whether the listed entity has a Regular Chairperson

SrTitle (Mr / Ms)Name of the DirectorPANDINCategory 1 of directorsCategory 2 of directorsCategory 3 of directors Date of BirthWhether the director is disqualified?Start Date of disqualificationEnd Date of disqualificationDetails of disqualificationCurrent statusWhether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]Date of passing special resolutionInitial Date of appointmentDate of Re-appointmentDate of cessationTenure of director (in months)No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations)No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing RegulationsNumber of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)Notes for not providing PANNotes for not providing DIN
5MsRatna Dharashree VishwanathanABWPV2112K07278291Non-Executive - Independent DirectorNot Applicable15-04-1963NoActiveNA24-05-2018522243
6MrPankaj VaishAABPV3825F00367424Non-Executive - Independent DirectorNot Applicable09-02-1962NoActiveNA22-09-2021123360




Audit Committee Details

Whether the Audit Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100994532Namrata KaulNon-Executive - Independent DirectorChairperson18-02-2020
200367424Pankaj VaishNon-Executive - Independent DirectorMember22-09-2021
306530414Narendra OstawalNon-Executive - Nominee DirectorMember30-01-2019


Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
107278291Ratna Dharashree VishwanathanNon-Executive - Independent DirectorChairperson24-05-2018
206530414Narendra OstawalNon-Executive - Nominee DirectorMember30-01-2019
300994532Namrata KaulNon-Executive - Independent DirectorMember18-02-2020


Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
107278291Ratna Dharashree VishwanathanNon-Executive - Independent DirectorChairperson26-05-2021
202547111Devesh SachdevExecutive DirectorMember26-05-2021
300994532Namrata KaulNon-Executive - Independent DirectorMember26-05-2021


Risk Management Committee

Whether the Risk Management Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
100994532Namrata KaulNon-Executive - Independent DirectorChairperson26-05-2021
206530414Narendra OstawalNon-Executive - Nominee DirectorMember30-01-2019
302547111Devesh SachdevExecutive DirectorMember12-02-2016
499999999Sanjay ChoudharyChief Risk OfficerMember26-05-2021


Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular ChairpersonYes
SrDIN NumberName of Committee membersCategory 1 of directorsCategory 2 of directorsDate of Appointment Date of CessationRemarks
107278291Ratna Dharashree VishwanathanNon-Executive - Independent DirectorChairperson30-01-2019
202547111Devesh SachdevExecutive DirectorMember03-12-2015
300367424Pankaj VaishNon-Executive - Independent DirectorMember22-09-2021


Other Committee

SrDIN NumberName of Committee membersName of other committeeCategory 1 of directorsCategory 2 of directorsRemarks

Annexure 1

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory
SrDate(s) of meeting (if any) in the previous quarterDate(s) of meeting (if any) in the current quarterMaximum gap between any two consecutive (in number of days)Notes for not providing DateWhether requirement of Quorum met (Yes/No)Total Number of Directors as on date of the meetingNumber of Directors present* (All directors including Independent Director)No. of Independent Directors attending the meeting*
114-04-2022Yes663
206-05-202221Yes663
312-08-202297Yes663
430-09-202248Yes663



Annexure 1

IV. Meeting of Committees

Disclosure of notes on meeting of committees explanatory
SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReson for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors as on date of the meetingNumber of Directors (All directors including Independent director)No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1Audit Committee06-05-2022Yes3320
2Audit Committee12-08-202297Yes3320
3Audit Committee30-09-202248Yes3320
4Risk Management Committee06-05-2022Yes3311
5Risk Management Committee12-08-202297Yes3311
6Nomination and remuneration committee06-05-2022Yes3320



Annexure 1

IV. Meeting of Committees

SrName of CommitteeDate(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)Maximum gap between any two consecutive (in number of days)Name of other committeeReson for not providing dateWhether requirement of Quorum met (Yes/No)Total Number of Directors as on date of the meetingNumber of Directors (All directors including Independent director)No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
7Corporate Social Responsibility Committee06-05-2022Yes3320
8Corporate Social Responsibility Committee12-08-202297Yes3320



Annexure 1

V. Related Party Transactions

SrSubjectCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Whether prior approval of audit committee obtainedNA
2Whether shareholder approval obtained for material RPTNA
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeNA


Annexure 1

VI. Affirmations

SrSubjectCompliance status (Yes/No)
1The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015Yes
2The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit CommitteeYes
3The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committeeYes
4The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committeeYes
5The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities)NA
6The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
7The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.Yes
8This report and/or the report submitted in the previous quarter has been placed before Board of Directors.Yes
9Any comments/observations/advice of Board of Directors may be mentioned here:Textual Information(1)

Annexure 1

SrSubjectCompliance status
1Name of signatoryMr. Deepak Madaan
2DesignationCompany Secretary and Compliance Officer



Text Block

Textual Information(1)
The Corporate Governance Report for the quarter ended September 30, 2022 will be placed in the upcoming Board Meeting.



Annexure III

III. Affirmations

SrParticularsRegulation NumberCompliance status (Yes/No/NA)If status is “No” details of non-compliance may be given here.
1Copy of the annual report including balance sheet, profit and loss account, directors report, corporate governance report, business responsibility report displayed on website46(2)NA
2Presence of Chairperson of Audit Committee at the Annual General Meeting18(1)(d)Yes
3Presence of Chairperson of the nomination and remuneration committee at the annual general meeting19(3)Yes
4Presence of Chairperson of the Stakeholder Relationship committee at the annual general meeting20(3) Yes
5Whether “Corporate Governance Report” disclosed in Annual Report34(3) read with para C of Schedule VNA
Any other information to be provided




Annexure III

1Name of signatoryMr. Deepak madaan
2DesignationCompany Secretary and Compliance Officer




Additional Half yearly Disclosure

Applicability of disclosure Not Applicable
Reason for Non Applicability Textual Information(1)

Signatory Details

Name of signatoryMr. Deepak madaan
Designation of personCompany Secretary and Compliance Officer
PlaceGurugram
Date21-10-2022