Mufin Green Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/08/2025 ,inter alia, to consider and approve 1. raising of funds by ....
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Mufin Green Finance has called a Board meeting on August 28, 2025, with four key agenda items. First, the Board will consider raising funds through a private placement of unlisted, secured, non-convertible debentures (NCDs). Second, it will appoint new Statutory Auditors to fill a casual vacancy caused by the resignation of the existing Statutory Auditors. Third, it will appoint Secretarial Auditors. Lastly, the Board will approve the notice and documents for the upcoming Annual General Meeting.
The fund-raising via NCDs may lead to dilution of debt obligations but no equity dilution since these are non-convertible. The auditor resignation mid-term is a governance red flag worth monitoring, though the company is acting to fill the vacancy promptly. Shareholders should watch for terms of the NCD issuance and the identity of the new auditors.