Mufin Green Finance Limited has informed the Exchange regarding Committee Meeting of the Board of Directors meeting held on July 05, 2025.
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The Committee of the Board of Directors of Mufin Green Finance Limited met on July 5, 2025, and approved raising funds up to INR 54.48 crore through the issue of secured, unrated, unlisted, redeemable, taxable, transferable, non-convertible debentures (NCDs) on a private placement basis. The NCDs will be issued in tranches and are denominated in Indian Rupees. The issue is subject to applicable regulatory approvals. The meeting lasted just 20 minutes, from 3:30 p.m. to 3:50 p.m.
This is a debt-raising move, not equity dilution, so existing shareholders are not directly affected in terms of shareholding. However, the debentures are unrated and unlisted, which suggests they are being placed with select private investors, and adds to the company's overall debt obligations.