Hindon Mercantile Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Hindon Mercantile Limited, a shareholder of Mufin Green Finance Limited, has submitted a disclosure under SEBI's Takeover Regulations confirming that neither they nor any persons acting in concert have created any encumbrance (pledge) over their shares in Mufin Green Finance during the financial year ended March 31, 2026. This is a routine compliance filing to declare the status of share pledges by the shareholder. The disclosure is signed by Kapil Garg, Managing Director of Hindon Mercantile Limited, and addressed to both BSE and NSE.
This is a positive confirmation for investors as it indicates no additional pledges were created on promoter shares during the year, meaning there is no immediate risk of forced share sales due to pledge invocation. It is a neutral-to-slightly-positive development for shareholder confidence.