Mufin Green Finance has completed the allotment of non-convertible debentures worth ₹500 crore through private placement, marking a significant milestone in the company's capital raising activities. The debenture allotment was completed on December 29, 2025, following the company's earlier intimation to stock exchanges.

Debenture Allotment Details

The company has successfully allotted 50,000 secured, rated, listed, and redeemable non-convertible debentures through private placement. The debentures are denominated in Indian Rupees with attractive terms for investors:

Payment Structure and Security

The debentures feature a monthly coupon payment frequency, providing regular income to investors. The principal repayment follows a structured approach with three installments:

The debentures are secured through hypothecation of receivables and book debts, providing additional security to investors. This security structure demonstrates the company's commitment to protecting investor interests.

Employee Stock Option Plan Progress

In addition to the debenture allotment, Mufin Green Finance has made progress with its employee incentive programs. The company has allotted 2,76,251 shares under its ESOP 2023 scheme, resulting in an increase in paid-up share capital from ₹17.30 crore to ₹17.32 crore. The newly allotted shares rank pari-passu with existing equity shares.

Strategic Capital Management

These corporate actions reflect Mufin Green Finance's strategic approach to capital management, combining debt financing through NCDs with employee equity participation through ESOP allotments. The successful completion of the ₹500 crore NCD allotment provides the company with substantial capital for its operations and growth initiatives in the green finance sector.

Mufin Green Finance Limited has issued a corrigendum to modify its November 7, 2025 Extraordinary General Meeting (EGM) notice regarding the preferential allotment of equity shares. The company has made significant changes to the list of proposed allottees and the number of shares to be issued.

Key Changes in the Preferential Issue

• The company now plans to issue up to 3,48,40,840 equity shares at Rs. 98.00 per share.
• The total fund-raising target remains at Rs. 341.44 crore through this preferential issue to non-promoter investors.
• Several proposed allottees have been removed from the original list, including Veloce Opportunities Fund, Abhaykumar Sumatilal Shah, Navtinder Aggarwal, Aira Buildcon Private Limited, Chinkey Verma, Ram Kumar Gupta HUF, and Renuka Wadhwani.
• New allottees have been added, including Transpares Limited, S. R. Foundation, Sandeep Puri, and Veloce Opportunities Fund II.

Revised Allocation Details

The corrigendum provides an updated list of allottees and their respective share allocations. Some notable changes include:

Purpose of the Preferential Issue

The funds raised through this preferential issue are intended for:

1. Onward lending (up to Rs. 4,16,44,02,298)
2. Discharge of purchase consideration payable to shareholders of Bimapay Finsure Private Limited (Rs. 41,45,39,608)

Impact on Shareholding Pattern

The corrigendum also outlines changes to the company's shareholding pattern post-issue:

• Promoter and Promoter Group holding will decrease from 54.20% to 46.15%
• Non-promoter holding will increase from 45.80% to 53.85%

EGM Details

The Extraordinary General Meeting is scheduled for November 29, 2025. Shareholders will vote on the revised preferential issue proposal along with other agenda items.

Mufin Green Finance has stated that all other contents of the original EGM notice remain unchanged. The company has advised shareholders to read the corrigendum in conjunction with the original notice, as the corrections now form an integral part of the EGM proceedings.