Mufin Green Finance Limited has issued a clarification regarding its earlier press release dated March 01, 2026, concerning empanelment with the Government of Assam for providing instant loan services to government employees. The clarification was filed on March 03, 2026, under Regulation 30 of SEBI listing requirements.

Current Status of Empanelment

The company clarified that the Assam Society for Comprehensive Financial Management System has issued only a Letter of Intent (LoI) to the company's partner InstaPe Synergies Pvt Ltd for provisional empanelment. The arrangement involves facilitation of Earned Salary Advance and Salary-linked Credit facilities to regular Government employees of Assam through a consortium arrangement with InstaPe.

Pending Requirements for Full Empanelment

The execution of the prescribed Memorandum of Understanding (MoU) remains contingent upon several technical and operational milestones. These requirements include successful end-to-end technical integration with State FMIS (FinAssam/IFMIS), completion of User Acceptance Testing, and confirmation of operational readiness for live launch by the Finance Department.

Technical Integration Progress

The technical integration process with the State Financial Management Information System (FinAssam/IFMIS) is currently underway. Upon successful execution of the MoU, the company has committed to making appropriate disclosure and press release in accordance with applicable regulatory requirements.

Regulatory Compliance

The clarification was signed by Mayank Pratap Singh, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited. This follows standard regulatory practices for providing accurate information to stakeholders regarding material developments and their current status.

Mufin Green Finance Limited has secured in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its preferential issue of equity shares and warrants. The approvals were granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issue Details

The company has received approval for a comprehensive preferential issue comprising both equity shares and convertible warrants. The issue structure demonstrates the company's strategic approach to capital raising through different investor categories.

Regulatory Compliance Requirements

Both stock exchanges have granted their approval subject to several mandatory conditions that the company must fulfill. The NSE has outlined specific requirements including filing the listing application at the earliest from the date of allotment and obtaining all necessary statutory approvals from SEBI, RBI, and MCA.

Key compliance requirements include:

• Filing listing application within twenty days from allotment date
• Receipt of all statutory and regulatory approvals
• Compliance with SEBI (LODR) Regulations, 2015 and Companies Act provisions
• Submission of required documents and payment of applicable fees

Trading Controls and Monitoring

The exchanges have emphasized the need for strengthened internal controls to monitor trading activities by proposed allottees. The company must obtain undertakings from allottees confirming they will not engage in intra-day trading or sell shares in the company's scrip until the allotment date, as required under SEBI (ICDR) Regulations.

Post-Approval Process

Following the allotment of securities, Mufin Green Finance Limited will be required to make a listing application without delay, along with applicable fees, in terms of Regulation 14 of the LODR Regulations. The company must also comply with all post-issue formalities as specified by the exchanges.

The exchanges have reserved their right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or in contravention of applicable rules and regulations. The approval was communicated to the company on February 18, 2026, by Company Secretary & Compliance Officer Mayank Pratap Singh.