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.

Mufin Green Finance Limited has announced a significant corporate action that could impact its financial structure. The company has scheduled a review of its fundraising proposal through debentures, set to take place on November 20, 2025.

Key Details of the Announcement

• Meeting Date: November 20, 2025 (Thursday)
• Purpose: To consider a fund-raising proposal
• Instrument: Listed, secured/unsecured, non-convertible debentures
• Placement Type: Private placement

Corporate Governance and Regulatory Compliance

The company has made this announcement in compliance with Regulations 29 and 50 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This move demonstrates Mufin Green Finance's commitment to transparency and adherence to regulatory standards.

Management Committee Meeting

The review will be conducted during a meeting of the Management Committee of the Board of Directors. This indicates that the proposal is at a crucial stage and requires high-level scrutiny before any decisions are made.

Potential Impact

While the specifics of the fundraising amount have not been disclosed, this move suggests that Mufin Green Finance is exploring options to strengthen its capital base. The issuance of debentures, if approved, could provide the company with additional funds for its financing operations, potentially enabling expansion or reinforcement of its existing business activities.

Investors and market watchers may be keenly awaiting the outcome of this meeting, as it could have implications for the company's financial strategy and future growth prospects. However, it's important to note that this is still a proposal under review, and the final decision will be made by the Management Committee.

As the financial landscape continues to evolve, Mufin Green Finance's consideration of debenture issuance reflects the ongoing trend of companies exploring diverse funding avenues in the current economic environment.