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.

Mufin Green Finance Limited (MGFL) has announced a series of strategic moves aimed at expanding its business operations and strengthening its financial position. The company's board has approved several key decisions, including a significant acquisition, substantial fundraising through equity shares and warrants, and amendments to its business objectives.

Acquisition of Bimapay Finsure

MGFL has entered into definitive agreements to acquire a 19.16% stake in Bimapay Finsure Private Limited, a company operating in the Information Technology (IT) and IT-Enabled Services (ITES) sector. The acquisition, valued at approximately Rs 41.33 crore, will be executed through a share swap arrangement. This strategic move is expected to enhance MGFL's fintech capabilities, as Bimapay is already a fintech partner of the company.

Fundraising Initiatives

The board has approved a comprehensive fundraising plan totaling around Rs 490.00 crore, comprising:

1. Issuance of up to 3.48 crore equity shares at Rs 98.00 per share to non-promoter investors, aiming to raise Rs 341.44 crore.
2. Issuance of up to 76.53 lakh warrants at Rs 98.00 each to the promoter, Hindon Mercantile Limited, potentially raising Rs 75.00 crore.
3. Issuance of non-convertible debentures worth up to Rs 90.00 crore.

Key Details of the Fundraising Plan

Business Expansion

MGFL has also approved additions to its main object clause in the Memorandum of Association, incorporating Full-Fledged Money Changer and Authorized Dealer Category-II business activities. This expansion into currency exchange services signals the company's intent to diversify its financial service offerings.

Shareholder Approval and Timeline

An extraordinary general meeting is scheduled for November 29, 2025, to seek shareholder approval for these initiatives. The company expects to complete the proposed acquisition within the next 3-4 months, subject to customary conditions and regulatory approvals.

Impact and Outlook

These strategic decisions reflect MGFL's ambitious growth plans and its focus on strengthening its position in the fintech and financial services sector. The acquisition of Bimapay Finsure is likely to enhance the company's technological capabilities, while the substantial fundraising will provide the necessary capital for expansion and new business initiatives.

Investors and stakeholders will be keenly watching how Mufin Green Finance leverages these new resources and partnerships to drive growth and create value in the evolving financial services landscape.