Mufin Green Finance Limited has informed the Exchange about Clarification of Press Release dated March 1, 2026
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Mufin Green Finance has clarified its March 1, 2026 press release about being empanelled with the Government of Assam. The Assam Society for Comprehensive Financial Management System has issued a Letter of Intent (LoI) — not a final contract — to the company's consortium partner InstaPe Synergies, not directly to Mufin. The empanelment is for offering Earned Salary Advance and Salary-linked Credit to Assam government employees. Execution of the MoU is conditional on completing technical integration with the State FMIS (FinAssam/IFMIS), User Acceptance Testing, and operational readiness sign-off. Technical integration is currently underway and the company will update once the MoU is formally executed.
This clarification tempers the upbeat tone of the March 1 press release — the Assam opportunity is still preliminary, routed through a partner, and dependent on technical milestones. Near-term revenue impact appears limited until the MoU is signed and the service goes live.