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 completed the allotment of non-convertible debentures worth ₹500 crore through private placement, marking a significant milestone in the company's capital raising activities. The debenture allotment was completed on December 29, 2025, following the company's earlier intimation to stock exchanges.

Debenture Allotment Details

The company has successfully allotted 50,000 secured, rated, listed, and redeemable non-convertible debentures through private placement. The debentures are denominated in Indian Rupees with attractive terms for investors:

Payment Structure and Security

The debentures feature a monthly coupon payment frequency, providing regular income to investors. The principal repayment follows a structured approach with three installments:

The debentures are secured through hypothecation of receivables and book debts, providing additional security to investors. This security structure demonstrates the company's commitment to protecting investor interests.

Employee Stock Option Plan Progress

In addition to the debenture allotment, Mufin Green Finance has made progress with its employee incentive programs. The company has allotted 2,76,251 shares under its ESOP 2023 scheme, resulting in an increase in paid-up share capital from ₹17.30 crore to ₹17.32 crore. The newly allotted shares rank pari-passu with existing equity shares.

Strategic Capital Management

These corporate actions reflect Mufin Green Finance's strategic approach to capital management, combining debt financing through NCDs with employee equity participation through ESOP allotments. The successful completion of the ₹500 crore NCD allotment provides the company with substantial capital for its operations and growth initiatives in the green finance sector.