Mufin Green Finance Limited has informed the Exchange regarding allotment of 1045 securities pursuant to Non Convertible Debentures at its meeting held on July 30, 2025
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Mufin Green Finance has raised Rs. 10.45 crore by allotting 1,045 secured, unlisted, non-convertible debentures (NCDs) to a single investor, DWM SDGs Credit Fund, on a private placement basis. Each NCD has a face value of Rs. 1 lakh and carries a coupon of 12.80% per annum, paid quarterly. The debentures are secured against the company's receivables and book debts, will mature on August 2, 2028, and were fully subscribed on the allotment date of July 30, 2025.
The 12.80% interest rate is on the higher side, reflecting the company's small size and the unrated, unlisted nature of the issue, which means higher borrowing costs but also signals investor confidence in the green finance business. Shareholders should note the company is taking on Rs. 10.45 crore of additional debt, which will increase interest expenses going forward.