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 has announced its plan to issue Non-Convertible Debentures (NCDs) with a total value of up to ₹1 billion. This strategic fundraising initiative aims to raise capital for business expansion and growth initiatives.

NCD Issuance Details

The planned debt instrument offering will provide Mufin Green Finance with substantial financial resources to support its business operations and expansion plans. The company has structured this as an NCD issuance, which represents a debt security that cannot be converted into equity shares.

Strategic Capital Raising

The ₹1.00 billion NCD issuance represents a substantial capital raising exercise for Mufin Green Finance. This debt fundraising approach allows the company to access capital markets while maintaining its existing equity structure. The funds raised through this NCD issuance are expected to strengthen the company's financial position and provide resources for its green finance operations.

Market Implications

This announcement demonstrates Mufin Green Finance's commitment to expanding its capital base through debt instruments. The NCD route provides the company with an alternative to equity dilution while accessing the capital required for its business objectives. The substantial size of the proposed issuance reflects the company's growth ambitions in the green finance sector.