Key Decisions Approved

The Management Committee of Mufin Green Finance Limited, in its meeting held on 14th July, 2026 (commencing at 04:00 p.m. and concluding at 04:30 p.m.), approved the following fundraising initiatives:

1. Issuance of Non-Convertible Debentures (NCDs): Approved the issuance of listed, secured, non-convertible debentures on a private placement basis for an aggregate amount up to INR 75,00,00,000 (Indian Rupees Seventy Five Crore). This total includes a Green Shoe Option of INR 25,00,00,000 (Indian Rupees Twenty-Five Crore).

2. Issuance of Foreign Currency Bonds: Approved the issuance of foreign currency denominated bonds under the External Commercial Borrowings (ECB) framework. The issuance is for an amount up to USD 6 Million (United States Dollar Six Million) through a private placement. This approval is subject to the approval of applicable regulatory authorities and in accordance with relevant provisions of applicable law.

Instrument Details (Annexure-A)

Non-Convertible Debentures (NCDs)

  • Type of Security: Non-Convertible Debentures (NCDs)
  • Type of Issuance: Private Placement
  • Total Number: Up to 75,000 (Seventy Five Thousand) NCDs
  • Face Value: Rs. 10,000 each
  • Total Issue Size: Up to Rs. 75,00,00,000 (Indian Rupees Seventy Five Crores), which includes a Green Shoe Option of Rs. 25,00,00,000/- (Indian Rupees Twenty-Five Crores).
  • Listing: The NCDs will be listed on BSE Limited.
  • Tenure: 15 Months from the Date of Allotment.
  • Coupon Rate: 10% per annum.
  • Interest Payment Frequency: Monthly. Payments shall commence from the date of allotment.
  • Redemption: Bullet repayment at maturity (end of 15 months from allotment).
  • Security: The NCDs shall be secured by a first and exclusive charge on identified receivables by way of hypothecation.

Foreign Currency Denominated Bonds (ECB)

  • Type of Security: Foreign currency denominated, non-convertible bonds under the ECB framework.
  • Type of Issuance: Private Placement
  • Total Number: Up to 600 (Six Hundred) bonds
  • Face Value: USD 10,000 each
  • Total Issue Size: Up to USD 6,000,000 (United States Dollar Six Million Only).
  • Listing: The bonds will be listed on India International Exchange (IFSC) Ltd.
  • Tenure: 36 Months from the Date of Allotment.
  • Coupon Rate: 6 Months CME SOFR + 450 basis points.
  • Interest Payment Frequency: Semi-annual. Payments shall commence from the date of allotment.
  • Redemption: Bullet repayment at maturity (end of 36 months from allotment).
  • Security: The bonds shall be secured by a first ranking, exclusive, and continuing charge on identified receivables by way of hypothecation.

Additional Information

  • There are no special rights/interest/privileges attached to either instrument.
  • There are no details provided regarding delays or defaults in payment, as it is stated as "Not Applicable".
  • There are no letters or comments regarding payment/non-payment of interest or principal.