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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Mufin Green Finance Ltd

Mufin Green Finance to issue Rs 75 Cr NCDs, targets 15-month tenure

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 31 Jul 2026, 03:46 PM IST  ·  BSE ID: 0a89dfe6-1dd2-4558-b2b7-6ed2925447c1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is raising funds by selling debt instruments called NCDs to investors on a private basis.
🤖 AI Summary
  • Mufin Green Finance to issue secured NCDs worth up to Rs 75 Crore.
  • Private placement issuance includes a potential Rs 25 Crore Green Shoe Option.
  • NCDs will have a tenure of 15 months from the allotment date.
  • Debentures are secured by a first charge on identified receivables.
  • Instruments will be listed on BSE Limited for secondary market trading.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Aggregate amount of first NCD issuance
Upto Rs. 50,00,00,000 [Indian Rupees Fifty Crores Only]
Green Shoe Option for first issuance
Rs. 25,00,00,000/- [Indian Rupees Twenty-Five Crores]
Aggregate amount of second NCD issuance
Upto Rs. 75,00,00,000 [Indian Rupees Seventy-Five Crores Only]
Green Shoe Option for second issuance
Rs. 25,00,00,000/- [Indian Rupees Twenty-Five Crores]
Tenure of NCDs
15 Months from the Date of Allotment
Coupon Rate for first NCD issuance
11%
Coupon Rate for second NCD issuance
10.85%
🏢 How This Affects the Company
📈
Business Impact
The issuance of NCDs will provide Mufin Green Finance with additional capital to support its business operations and potential growth initiatives.
💰
Financial Impact
This fundraise will increase the company's debt financing. The NCDs will accrue interest costs, impacting profitability, and will be secured by company assets.
⚠️
Risk Impact
The company is taking on additional debt, which increases its financial leverage and associated repayment obligations.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this debt issuance.
👤
Who Is Affected
This issuance directly affects the company's capital structure by increasing its debt obligations. Existing shareholders' equity is diluted by the increased debt ratio.
🔍
Management Signal
Management is actively seeking external funding through debt instruments to manage liquidity and operational needs.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Allotment details of the NCDs once confirmed by the company.
Company's subsequent financial results to assess fund utilization.
Interest payment schedule compliance for the issued NCDs.
MEDIUM RISK Increased debt burden and interest expenses, with NCDs secured by receivables.
💡 Investor Takeaway
Mufin Green Finance approved issuance of up to Rs 75,00,00,000 in secured Non-Convertible Debentures on a private placement basis with a 15-month tenure.
⚖️ Strengths & Concerns

✅ Positives

  • Issuance of secured debentures offers investors collateral backing from identified receivables.
  • The company is actively raising capital through diversified instruments to fund its growth.

⚠️ Concerns

  • The company is incurring additional interest expenses from the new NCD issuances.
  • The two tranches have different coupon rates (11% and 10.85%), indicating varying costs of borrowing.
❓ Frequently Asked Questions
What is the total amount Mufin Green Finance plans to raise through NCDs?
Mufin Green Finance plans to raise up to Rs. 75,00,00,000 [Indian Rupees Seventy-Five Crores Only] through the issuance of Non-Convertible Debentures.
What is the tenure of the Non-Convertible Debentures being issued?
The Non-Convertible Debentures will have a tenure of 15 Months from the Date of Allotment.
What is the interest rate offered on these NCDs?
The coupon rate offered is 11% for one tranche and 10.85% for the other tranche.
Are these NCDs secured?
Yes, the debentures will be secured by a first and exclusive charge basis on the identified receivables, by way of hypothecation.
Where will these NCDs be listed?
The debentures to be issued will be listed on BSE Limited.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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