Mufin Green Finance Limited has informed the Exchange regarding allotment of 418 securities pursuant to Non Convertible Debentures at its meeting held on July 17, 2025
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Mufin Green Finance has allotted 418 secured, unlisted, redeemable Non-Convertible Debentures (NCDs) to a single investor, Monega Multi-Sector Microfinance & Impact Loan Fund, raising Rs. 4.18 crore. Each NCD has a face value of Rs. 1,00,000, carries a coupon of 12.80% per annum paid quarterly, and matures on July 20, 2028 (3-year tenure). The NCDs are secured by hypothecation of the company's receivables and book debts and are not proposed to be listed on any stock exchange. The issue was fully subscribed at the meeting held on July 17, 2025.
The company has raised a small amount of Rs. 4.18 crore from a single institutional lender at a relatively high cost of 12.80%, which will increase interest expenses. The NCDs are unlisted and secured against receivables, so this is a minor private borrowing event with limited direct impact on the listed equity price.