Mufin Green Finance Limited has announced the execution of a significant finance agreement with Finnish Fund for Industrial Cooperation Ltd (Finnfund) for a loan facility of up to USD 12 million. The company disclosed this development to the stock exchanges on January 16, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

Finance Agreement Details

The finance agreement was executed on January 15, 2026, between Mufin Green Finance Limited as the borrower and Finnfund as the lender. The loan facility provides access to up to USD 12,000,000 (US Dollar Twelve Million) in funding.

About the Lender

Finnish Fund for Industrial Cooperation Ltd is a development finance company duly incorporated and established under the laws of Finland. The organization is majority-owned by the Government of Finland, positioning it as a significant institutional lender in the development finance sector.

Transaction Structure and Security

The finance agreement is structured as a term loan specifically designed to enable Mufin Green Finance Limited to finance its onward lending business operations. The lender will maintain a charge on identified loan receivables of the borrower, creating security interest in favor of Finnfund and/or the Security Trustee pursuant to the Security Documents.

Key aspects of the agreement include:

• No provisions for director appointment rights
• No first right to share subscription in case of share issuance
• No rights to restrict changes in capital structure
• The transaction does not fall under related party transactions
• No shareholding relationship exists between the parties

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This loan facility represents a significant development for Mufin Green Finance Limited's business expansion plans, providing substantial funding support for its lending operations through partnership with a reputable international development finance institution.

Mufin Green Finance has announced its plan to issue Non-Convertible Debentures (NCDs) with a total value of up to ₹1 billion. This strategic fundraising initiative aims to raise capital for business expansion and growth initiatives.

NCD Issuance Details

The planned debt instrument offering will provide Mufin Green Finance with substantial financial resources to support its business operations and expansion plans. The company has structured this as an NCD issuance, which represents a debt security that cannot be converted into equity shares.

Strategic Capital Raising

The ₹1.00 billion NCD issuance represents a substantial capital raising exercise for Mufin Green Finance. This debt fundraising approach allows the company to access capital markets while maintaining its existing equity structure. The funds raised through this NCD issuance are expected to strengthen the company's financial position and provide resources for its green finance operations.

Market Implications

This announcement demonstrates Mufin Green Finance's commitment to expanding its capital base through debt instruments. The NCD route provides the company with an alternative to equity dilution while accessing the capital required for its business objectives. The substantial size of the proposed issuance reflects the company's growth ambitions in the green finance sector.