Mufin Green Finance Limited has scheduled a Management Committee meeting of its Board of Directors for Friday, July 31, 2026, to consider strategic fund-raising measures. The primary objective of the gathering is to evaluate and approve the issuance of listed, secured or unsecured non-convertible debentures (NCDs) on a private placement basis. The company may also explore other eligible instruments or permissible modes of fundraising, either individually or in combination, subject to regulatory approvals and applicable laws.

The disclosure was made pursuant to Regulations 29 and 50 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations mandate listed entities to provide prior intimation regarding board meetings where specific material transactions, such as fund raising, are likely to be discussed.

Meeting Details

The proposal involves raising funds through private placement, which allows the company to target specific institutional or high-net-worth investors rather than conducting a public issue. The final structure of the debt instrument—whether secured or unsecured—and the choice of instrument remain subject to the committee’s deliberations and subsequent approvals from relevant regulatory authorities.

Strategic Implications

This move signals Mufin Green Finance’s intent to strengthen its capital base, potentially to support business expansion, manage working capital requirements, or optimize its debt-equity profile. The flexibility to choose between secured and unsecured instruments suggests the company is assessing market conditions and investor appetite before finalizing the terms. As per the filing, the decision is contingent upon obtaining necessary regulatory clearances, ensuring compliance with all statutory requirements governing private placements in India.

The notice was issued by Mayank Pratap Singh, Company Secretary & Compliance Officer of Mufin Green Finance Limited, dated July 28, 2026, from the company’s registered office in New Delhi.

Mufin Green Finance Limited has allotted 55,000 secured, rated, listed, redeemable non-convertible debentures (NCDs) on July 21, 2026, aggregating to ₹55,00,00,000. The NCDs carry a fixed coupon rate of 10.00% per annum, with interest payable monthly, and are secured by hypothecation of receivables and book debts. This allotment follows the company's previous approval to raise funds via private placement to support its capital requirements.

Key Details of the Allotment

The debentures have a face value of ₹10,000 each and a tenure of 15 months, maturing on October 21, 2027. The principal amount is repayable on a bullet basis at maturity. The instruments are listed on BSE Limited. This issuance is part of a broader fund-raising initiative that also included an approval for foreign currency bonds worth USD 6,000,000 under the External Commercial Borrowings (ECB) framework, which are to be listed on India International Exchange (IFSC) Ltd.

Interest and Security Terms

The NCDs offer a fixed coupon rate of 10%, with interest payments scheduled monthly. The principal repayment will occur on the maturity date of October 21, 2027. The security structure involves a first and exclusive charge on receivables through hypothecation. The bonds, previously approved, carry a floating rate of 6 Months CME SOFR plus 450 basis points, with interest payments scheduled semi-annually.

The intimation regarding the allotment was submitted by Mayank Pratap Singh, Company Secretary of Mufin Green Finance Limited, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.