Mufin Green Finance Limited has informed the Exchange regarding allotment of 3625000 securities pursuant to Preferential Issue at its meeting held on Jun 20, 2025
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Mufin Green Finance has converted 36,25,000 convertible warrants into an equal number of equity shares of face value Re. 1 each, at an issue price of Rs. 55 per share. The company received the balance 75% amount of Rs. 41.25 per warrant, aggregating to Rs. 14.95 crore, from the allottees on June 20, 2025. Allottees include promoters Kapil Garg and Saurabh Garg (11 lakh shares each), along with 9 non-promoter investors. Post-allotment, the paid-up equity capital has increased to Rs. 16.83 crore comprising 16,83,15,172 equity shares, and the new shares will rank equally with existing shares.
The conversion will lead to dilution of existing shareholders' stake as the equity base expands by 36.25 lakh shares. Promoter Kapil Garg's holding rises from 0.33% to 0.97%, while co-promoter Saurabh Garg's stake reaches 0.66%, showing continued promoter commitment. The company also strengthens its capital base by approximately Rs. 14.95 crore, which may support its green finance lending business.