Mufin Green Finance Limited has approved the issuance of listed, secured non-convertible debentures (NCDs) worth up to ₹125 crore through a private placement. The Management Committee of the Board of Directors finalized the terms during its meeting on July 31, 2026, authorizing two distinct tranches: one for ₹50 crore and another for ₹75 crore. Both issuances include an oversubscription option (Green Shoe Option) of ₹25 crore each, allowing the company to raise additional funds if investor demand exceeds initial allocations.

The decision marks a concrete step in the company’s capital-raising strategy, moving from consideration to execution. The funds are intended to support business operations and expansion, leveraging debt financing to optimize the capital structure. By opting for a private placement, Mufin Green Finance targets specific institutional or high-net-worth investors, streamlining the fundraising process compared to a public issue. The debentures will be listed on the Bombay Stock Exchange (BSE), ensuring liquidity for investors while maintaining the controlled nature of a private placement.

Issue Structure and Terms

The approved NCDs are structured into two series with varying face values and interest rates to cater to different investor preferences. Both instruments are secured by a first and exclusive charge on identified receivables via hypothecation, providing collateral security to debenture holders. The tenure for both tranches is set at 15 months from the date of allotment.

Tranche 1 offers a higher coupon rate of 11% with monthly interest payments starting from the date of allotment, appealing to investors seeking regular income streams. In contrast, Tranche 2 provides a slightly lower coupon of 10.85% but delays interest payments until the 12th month from allotment, which may suit investors looking for deferred income or capital appreciation strategies.

Regulatory Compliance and Next Steps

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Clause A(2)(2.1) of Annexure 18 of SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This regulation mandates listed entities to disclose the outcome of board meetings where material transactions are transacted.

Mayank Pratap Singh, Company Secretary & Compliance Officer of Mufin Green Finance Limited, signed the intimation issued from the company’s registered office in New Delhi on July 31, 2026. The final allotment and specific dates for interest and principal payments will be determined upon the completion of the private placement process. Investors should monitor subsequent filings for the final allotment status and listing dates.

What the Numbers Show

The dual-tranche structure suggests a strategic approach to diversify the investor base. By offering different payment frequencies and face values, Mufin Green Finance can attract both retail-oriented high-net-worth individuals (via the ₹10,000 face value tranche) and larger institutional players (via the ₹1,00,000 face value tranche). The use of receivables as security indicates that the company has a robust portfolio of assets that can be leveraged for funding without diluting equity. The 15-month tenor aligns with short-to-medium-term working capital needs, suggesting the funds may be used for immediate operational scaling rather than long-term infrastructure projects.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE08KJ01020/17a2dd42b0af42b3.pdf

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.