Mufin Green Finance Raises ₹19 Crore Through Private Placement Of Ncds At 11.70% Coupon Rate

Mufin Green Finance Limited has successfully completed the allotment of Non-Convertible Debentures (NCDs) through a private placement, according to a regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed stock exchanges that the allotment follows its earlier communication dated June 2, 2026.

The company has issued and allotted 1,900 secured, rated, listed, redeemable, non-convertible debentures with a face value of ₹1,00,000 each. The total issue size stands at ₹19 crore. The debentures are denominated in Indian Rupees and have been issued on a private placement basis.

Mufin Green Finance stated that the NCDs are proposed to be listed on BSE Limited. The allotment was completed on June 15, 2026, and the instruments will have a tenure of three years. The debentures are scheduled to mature on June 15, 2029.

The company has offered a coupon rate of 11.70% per annum on the debentures. Interest payments will be made on a quarterly basis throughout the tenure of the instrument. Regarding repayment of the principal amount, the company has structured the redemption in two phases. The first repayment of 50% of the principal amount will be made on December 15, 2027, while the remaining 50% will be paid on the maturity date, June 15, 2029.

To secure the debentures, Mufin Green Finance has created a charge through hypothecation of receivables and book debts. This security arrangement is intended to provide additional protection to investors participating in the issuance.

The company also clarified that no special rights, interests, or privileges are attached to these instruments. Furthermore, there have been no delays or defaults in the payment of interest or principal related to the issuance. Mufin Green Finance confirmed that there are no outstanding comments, letters, or concerns regarding payment obligations or the underlying secured assets.

The filing further noted that details relating to the redemption of preference shares are not applicable in this case, as the issuance pertains solely to non-convertible debentures.

With this fundraising exercise, Mufin Green Finance has raised ₹19 crore through debt instruments, strengthening its financial resources while providing investors with a fixed-income investment option backed by secured assets and a defined repayment schedule.