Mufin Green Finance Receives In-Principle Approval for Preferential Issue of Equity Shares and Warrants
Mufin Green Finance Limited has obtained in-principle approval from NSE and BSE for preferential issue of 3,43,03,482 equity shares to non-promoters and 76,53,061 warrants to promoters, both priced at not less than Rs. 98 per share. The approvals are subject to regulatory compliance requirements including timely listing application filing and adherence to SEBI guidelines.

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Mufin Green Finance Limited has secured in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its preferential issue of equity shares and warrants. The approvals were granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Issue Details
The company has received approval for a comprehensive preferential issue comprising both equity shares and convertible warrants. The issue structure demonstrates the company's strategic approach to capital raising through different investor categories.
| Component | Quantity | Face Value | Issue Price | Allottee Category |
|---|---|---|---|---|
| Equity Shares | 3,43,03,482 | Re. 1/- each | Not less than Rs. 98/- | Non-promoters |
| Warrants | 76,53,061 | Re. 1/- each | Not less than Rs. 98/- | Promoters |
Regulatory Compliance Requirements
Both stock exchanges have granted their approval subject to several mandatory conditions that the company must fulfill. The NSE has outlined specific requirements including filing the listing application at the earliest from the date of allotment and obtaining all necessary statutory approvals from SEBI, RBI, and MCA.
Key compliance requirements include:
- Filing listing application within twenty days from allotment date
- Receipt of all statutory and regulatory approvals
- Compliance with SEBI (LODR) Regulations, 2015 and Companies Act provisions
- Submission of required documents and payment of applicable fees
Trading Controls and Monitoring
The exchanges have emphasized the need for strengthened internal controls to monitor trading activities by proposed allottees. The company must obtain undertakings from allottees confirming they will not engage in intra-day trading or sell shares in the company's scrip until the allotment date, as required under SEBI (ICDR) Regulations.
| Responsibility | Details |
|---|---|
| Company Obligation | Verify allottee compliance with trading restrictions |
| Allottee Undertaking | No intra-day trading or sales until allotment |
| Regulatory Framework | SEBI (ICDR) Regulations, 2018 |
Post-Approval Process
Following the allotment of securities, Mufin Green Finance Limited will be required to make a listing application without delay, along with applicable fees, in terms of Regulation 14 of the LODR Regulations. The company must also comply with all post-issue formalities as specified by the exchanges.
The exchanges have reserved their right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or in contravention of applicable rules and regulations. The approval was communicated to the company on February 18, 2026, by Company Secretary & Compliance Officer Mayank Pratap Singh.
Historical Stock Returns for Mufin Green Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.53% | +0.62% | +0.76% | +27.70% | +60.31% | -11.81% |


































