Mufin Green Finance Limited has informed the Exchange regarding Board meeting held on August 28, 2025.

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹85.40

prior close

₹85.44

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.3% vs market

Non Banking Financial Company (NBFC) peers, median of 196sector+0.0%+0.1% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.1 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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+26.3+0.2+26.1-1.6+27.9

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 196Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mufin Green Finance's board approved raising up to ₹50 crore through listed, secured, non-convertible debentures on a private placement basis. The previous statutory auditor, M/s. Tattvam & Co., resigned, and M/s. Gaur & Associates was appointed to fill the resulting casual vacancy, with a further recommendation for a full 3-year term (9th AGM to 12th AGM in 2028), subject to shareholder approval. M/s. Abhay K & Associates was also appointed as secretarial auditor for a 5-year term spanning FY2025-26 to FY2029-30, pending shareholder nod. The board approved the notice for the 9th Annual General Meeting scheduled for September 29, 2025.

Likely market impact

The ₹50 crore NCD raise will bolster the NBFC's lending capital, potentially supporting growth in its green finance book. However, the midterm resignation of the prior statutory auditor is a mild governance red flag worth watching, even though a replacement has been promptly appointed.