Mufin Green Finance Limited has informed the Exchange regarding allotment of 5000 securities pursuant to Non Convertible Securities at its meeting held on November 03, 2025
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Mufin Green Finance has allotted 5,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures on a private placement basis, raising Rs. 50 crore in total. Each NCD has a face value of Rs. 1,00,000 and carries an 11% per annum coupon, paid monthly. The tenure is 15 months, with maturity on February 3, 2027, and principal repayment split into two equal halves in December 2026 and February 2027. The NCDs are secured by hypothecation of the company's receivables and book debts, and will be listed on BSE. This is a follow-through to the company's letter dated October 23, 2025, confirming the allotment on November 3, 2025.
This is a routine debt raise of Rs. 50 crore to fund the company's lending operations, and is not dilutive for shareholders since NCDs are debt instruments. The 11% coupon and short 15-month tenure indicate a relatively expensive, short-term funding arrangement that will need refinancing by early 2027.