Mufin Green Finance Limited Approves Issuance of Secured Non-Convertible Debentures in Private Placement
Mufin Green Finance Limited has approved two tranches of secured, non-convertible debentures (NCDs) on a private placement basis, as decided by its Management Committee during a meeting held on July 31, 2026. These issuances are intended to raise funds for the company through the sale of listed instruments on the BSE Limited stock exchange.The approved transactions cover different aggregate amounts and face values across two types of NCDs. The issuance details highlight specific terms related to tenure, interest rates, and collateralization.
Details of Approved NCD Issuance
The company authorized the issuance of securities under private placement for a total amount comprising two distinct types of debentures.Proposed Issue Size and Specifications
| Particulars | NCD Series 1 | NCD Series 2 |
|---|---|---|
| Total Amount/Size | Up to INR 50,00,00,000 | Up to INR 75,00,00,000 |
| Green Shoe Option | Included: INR 25,00,00,000 | Included: INR 25,00,00,000 |
| Maximum Securities | Up to 50,000 (Face Value Rs. 10,000/- each) | Up to 7,500 (Face Value Rs. 1,00,000/- each) |
| Type of Issuance | Private Placement | Private Placement |
| Listing Exchange | BSE Limited | BSE Limited |
Key Financial and Tenure Terms
The NCDs are scheduled for listing on the Bombay Stock Exchange (BSE Limited). Both series of debentures have a defined tenure of 15 months from the date of allotment.Key financial terms, security arrangements, and interest schedules for each series are provided below:
| Feature | Non-Convertible Debentures (NCDs) - Series 1 | Non-Convertible Debentures (NCDs) - Series 2 |
|---|---|---|
| Coupon Rate | 11% | 10.85% |
| Interest Payment Frequency | Monthly, commencing from the date of allotment | From the 12th month from the date of allotment |
| Tenure | 15 Months from the Date of Allotment | 15 Months from the Date of Allotment |
| Security/Charge | Secured by a first and exclusive charge on identified receivables through hypothecation. | Secured by a first and exclusive charge on identified receivables through hypothecation. |
The debentures approved for issuance are secured against identified receivables via a first and exclusive charge basis by way of hypothecation. The company confirmed that the specialized interest payment schedules, tenure, and security structure for both tranches are in place, with the final date of last interest installment and principal payment to be determined upon allotment.
MUFIN Stock Price Movement
Today, Mufin Green Finance Limited shares edged higher to close at ₹131.74, gaining 1.87% in market trading. The stock saw robust activity throughout the session, with over 1.87 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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