Mufin Green Finance has announced significant corporate actions that impact its capital structure and employee incentives. The company has successfully raised funds through debenture issuance and made progress with its employee stock option plan.

Debenture Issuance

Mufin Green Finance has issued 5,000 secured, rated, and listed non-convertible debentures (NCDs) worth ₹50 crore through private placement. The key details of this issuance are:

This move provides the company with debt financing for its operations and suggests that Mufin Green Finance is actively managing its capital structure.

Employee Stock Option Plan (ESOP) Allotment

In addition to the debenture issuance, Mufin Green Finance has also made progress with its employee stock option plan. The company has allotted shares under its ESOP 2023 scheme:

This allotment has resulted in a slight increase in the company's paid-up share capital. The newly allotted shares will rank pari-passu with the existing equity shares of the company, meaning they will have equal rights in terms of dividends, voting, and other matters.

These corporate actions demonstrate Mufin Green Finance's efforts to secure funding through debt instruments while also providing equity-based incentives to its employees. The debenture issuance provides the company with additional capital for its operations, while the ESOP allotment may help in employee retention and alignment of employee interests with those of the company.

Investors and stakeholders should note that these developments may have implications for the company's financial structure and potentially its stock performance in the coming periods.

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.