Mufin Green Finance holds 10th AGM, approves related party deals
- Mufin Green Finance held its 10th AGM virtually on September 28, 2026
- Shareholders approved material related-party transactions with four entities
- Audited financial statements for FY26 were adopted without qualifications
- 95 members participated in the virtual meeting
*this image is generated using AI for illustrative purposes only.
Mufin Green Finance Limited held its 10th Annual General Meeting on September 28, 2026, via video conferencing. The meeting focused on adopting the financial statements for FY26 and approving several material related-party transactions.
The proceedings commenced at 3:30 pm and concluded at 4:17 pm. A total of 95 members attended the virtual meeting. Mr. Hemant Bhageria, Independent Director, presided over the session as Chairman after the regular Chairman was unable to attend.
Resolutions passed
The shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Additionally, Mrs. Srishti Agarwal was re-appointed as a Non-Executive Director following her retirement by rotation.
A significant portion of the agenda involved the approval of material related-party transactions with four entities. These approvals are critical for ensuring regulatory compliance under SEBI (LODR) Regulations.
| Entity | Transaction Type |
|---|---|
| Hindon Mercantile Limited | Material related-party transaction |
| Bimapay Finsure Private Limited | Material related-party transaction |
| Gyftr Limited | Material related-party transaction |
| Vouchagram India Private Limited | Material related-party transaction |
Governance and attendance
The Board of Directors maintained full attendance during the virtual meeting. The following directors were present:
- Kapil Garg: Managing Director
- Hemant Bhageria: Independent Director
- Nitin Goel: Independent Director
- Sanchi Pandey: Independent Director
- Srishti Agarwal: Director
Key managerial personnel, including CFO Gunjan Jain and Company Secretary Mayank Pratap Singh, also attended. The Statutory Auditors and Secretarial Auditor were present to address any queries regarding their reports, which contained no qualifications or adverse remarks for FY26.
Voting process
The company utilized the e-voting facility provided by National Securities Depository Limited (NSDL). Remote e-voting opened on September 25, 2026, and closed on September 27, 2026. Members who did not vote remotely cast their votes during the live meeting. Mr. Abhay Kumar served as the Scrutinizer to ensure a fair voting process.
Historical Stock Returns for Mufin Green Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.15% | -2.47% | -5.69% | +26.20% | +51.07% | -3.23% |
How will the approved material related-party transactions with entities like Bimapay Finsure and Gyftr Limited impact Mufin Green Finance's future liquidity and credit risk profile?
What specific strategic synergies are expected from the continued partnerships with Hindon Mercantile and Vouchagram India, and how do they align with the company's green finance objectives?
Given the clean audit report for FY26, what are the company's stated growth targets or capital expenditure plans for FY27 that might require further shareholder approval?
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