Mufin Green Finance Appoints New Auditors and Approves INR 50 Crore Debenture Issuance
Mufin Green Finance Limited announced key decisions from its board meeting on August 28, 2025. The company appointed M/s. Gaur & Associates as new statutory auditors for a three-year term, replacing M/s. Tattvam & Co. M/s. Abhay K & Associates was appointed as secretarial auditors for five years. The board approved the issuance of listed, secured, non-convertible debentures worth up to ₹50 crore on a private placement basis. The Annual General Meeting is scheduled for September 29, 2025.

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Mufin Green Finance Limited has announced significant corporate decisions following a board meeting held on August 28, 2025. The company has made key appointments and approved a substantial debenture issuance, signaling important changes in its financial management and governance structure.
New Auditor Appointments
The board has approved the appointment of M/s. Gaur & Associates as the company's new statutory auditors. This appointment comes in the wake of the resignation of the previous auditors, M/s. Tattvam & Co. Gaur & Associates, an ICAI registered firm established in 1990, will fill the casual vacancy subject to shareholder approval at the upcoming Annual General Meeting (AGM).
The board has recommended to the shareholders that Gaur & Associates be appointed for a three-year term, from the conclusion of the 9th AGM until the 12th AGM to be held in 2028. This firm brings extensive experience in audit, operations, corporate governance, risk, and compliance services.
Additionally, the board has approved the appointment of M/s. Abhay K & Associates as the company's secretarial auditors. This appointment is for a five-year term, spanning from FY 2025-26 to FY 2029-30, subject to shareholder approval. Abhay K & Associates, led by Mr. Abhay Kumar with nearly a decade of experience, specializes in secretarial audits and regulatory services for listed companies and other corporate entities.
Debenture Issuance Approval
In a significant financial move, Mufin Green Finance's board has greenlit the issuance of listed, secured, non-convertible debentures. The approved issuance is for an aggregate amount of up to INR 50.00 crore on a private placement basis. This decision indicates the company's strategy to raise capital, potentially for expansion or refinancing purposes.
Upcoming Annual General Meeting
The company has scheduled its Annual General Meeting for September 29, 2025. During this meeting, shareholders will have the opportunity to vote on the appointment of the new auditors and other matters approved by the board.
Corporate Governance Implications
These decisions reflect Mufin Green Finance's commitment to maintaining strong corporate governance practices. The appointment of new auditors and the approval of a substantial debenture issuance suggest that the company is taking proactive steps to ensure financial transparency and explore funding options for future growth.
The board meeting, which commenced at 3:30 p.m. and concluded at 4:20 p.m., has set the stage for significant changes in the company's financial oversight and capital structure.
Historical Stock Returns for Mufin Green Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.69% | -2.59% | -1.99% | +7.37% | -33.19% | -36.33% |