Mufin Green Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Mufin Green Finance Limited held its 9th Annual General Meeting on September 29, 2025, via video conferencing, attended by 89 members. The meeting concluded in about 47 minutes, and 15 resolutions were tabled. Ordinary business included adoption of audited standalone and consolidated financial statements for FY25, re-appointment of a rotating director, and re-appointment of the statutory auditor. The meeting also covered a new statutory auditor appointment (Gaur & Associates) to fill a casual vacancy, appointment of a secretarial auditor, and seven material related party transactions with entities such as Hindon Mercantile, Bimapay Finsure, Mufin Green Leasing, Hedge Money, Mufinpay Payment Solutions, Mufin Technologies, and LKP Finance. Two special resolutions were also passed to increase the board's borrowing powers under Section 180 and to raise the managerial remuneration of Managing Director Kapil Garg. Statutory and secretarial audit reports contained no qualifications, and the voting results are awaited within the regulatory timeline.
Shareholders should watch the declared voting results closely, especially for the two special resolutions that raise the board's borrowing limits and the MD's pay, as well as the cluster of related party transactions, which together can influence the company's leverage, cash flows, and governance perception. Clean audit reports and continuity of auditors are mildly positive signals for governance.