Mufin Green Finance Limited has successfully raised Rs 4.18 crore through a private placement of non-convertible debentures (NCDs), as announced in a regulatory filing to the Bombay Stock Exchange (BSE).

Key Details of the NCD Issuance

The company has issued and allotted 418 secured, unrated, unlisted, redeemable, taxable, and transferable non-convertible debentures. Here are the essential details of the issuance:

Investor and Subscription Details

The issue was fully subscribed by a single investor, Monega Multi-Sector Microfinance & Impact Loan Fund. This private placement demonstrates the investor's confidence in Mufin Green Finance's business model and growth prospects.

Security and Regulatory Compliance

The non-convertible debentures are secured by hypothecation of receivables and book debts of Mufin Green Finance Limited. This provides an additional layer of security for the investor.

The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Company Secretary Statement

Mayank Pratap Singh, Company Secretary of Mufin Green Finance Limited, signed the regulatory filing, confirming the details of the NCD issuance and allotment.

This successful private placement of NCDs could potentially provide Mufin Green Finance with additional capital to support its business operations and growth strategies in the green finance sector.

Mufin Green Finance Limited , a non-banking financial company (NBFC) specializing in financing and investing activities within India, has released its unaudited financial results for the quarter ended June 30. The company has also made significant moves in the debt market and equity allotment.

Financial Performance

On a standalone basis, Mufin Green Finance reported a total income of Rs 4,813.69 lakh for Q1, with a profit of Rs 410.55 lakh. The basic earnings per share (EPS) stood at Rs 0.25.

The consolidated financial results paint a slightly different picture:

Debt Issuance

In July, Mufin Green Finance made a series of debt issuances through private placements:

1. On July 10: 1,257 Secured, Unlisted, Non-Convertible Debentures with a face value of Rs 1,00,000 each, totaling Rs 12.57 crore.
2. On July 17: 418 Secured, Unlisted, Non-Convertible Debentures with a face value of Rs 1,00,000 each, amounting to Rs 4.18 crore.
3. On July 30: 1,045 Secured, Unlisted, Non-Convertible Debentures with a face value of Rs 1,00,000 each, aggregating to Rs 10.45 crore.

The total value of these debenture issuances amounts to Rs 27.2 crore.

Equity Allotment

During the quarter, Mufin Green Finance allotted a total of 94.65 lakh equity shares to warrant holders at a price of Rs 55 per share. The allotments were made in three tranches:

• June 03: 12,00,000 shares
• June 20: 36,25,000 shares
• June 26: 46,40,000 shares

Credit Rating Upgrade

Acuité Ratings and Research Limited has upgraded Mufin Green Finance's credit rating from ACUITE BBB+ (Stable) to ACUITE A- (Stable) for certain categories of borrowings. This upgrade reflects an improvement in the company's credit profile.

Management Changes

The company's statutory auditor, M/s. Tattvam & Co., Chartered Accountants, has tendered their resignation effective from the closing of business hours on August 14. The Audit Committee and Board of Directors will take note of this resignation in upcoming meetings and recommend the appointment of new statutory auditors for shareholders' approval.

Mufin Green Finance continues to focus on its core business of financing and investing activities within India. The company's board of directors approved these unaudited financial results at a meeting held on August 14.