Mufin Green Finance Approves Issuance of Listed Secured NCDs up to 1.19 Billion Rupees

NEW DELHI - Mufin Green Finance Limited, a leading non-banking financial company (NBFC) specializing in ecological and green energy lending, has officially approved the issuance of listed, rated, secured, redeemable non-convertible debentures (NCDs) aggregating up to 1.19 billion Indian rupees ($14.3 million). The landmark regulatory filing on June 2, 2026, marks an aggressive strategic move by the company to bolster its capital base and expand its digital credit outreach into rapidly evolving alternative lending markets.

Strategic Mobilization of Green Capital

The decision, finalized during Tuesday’s Board of Directors meeting, allows the green-focused lender to inject fresh capital into its core financial products. Mufin Green Finance has positioned itself at the forefront of India’s electric vehicle (EV) infrastructure financing, and this fresh debt issuance is structured to accelerate its retail distribution of credit.

According to the regulatory filings submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), these secured NCDs will be issued on a private placement basis. The capital injection comes on the heels of an explosive fiscal year; the company recently announced a consolidated net profit surge of 208.06% to 11.09 crore rupees for the quarter ended March 2026, compared to 3.60 crore rupees in the previous fiscal period.

The funds generated from the 1.19 billion rupee issuance are primarily earmarked for expanding the company’s portfolio in:

• Two-wheeler and three-wheeler electric vehicle financing.

• EV charging stations and solar rooftop installations.

• The newly integrated health insurance premium funding division, which has seen massive traction since its inception.

Market Positioning and Financial Background

The debt landscape in India has remained highly competitive through the first half of 2026. Financial institutions are continuously looking for structured instruments to lock in liquidity amidst fluctuating borrowing rates. Mufin Green Finance, backed by parent company Hindon Mercantile Limited, has managed to retain steady credit health, holding an 'A- Stable' rating from Acuité Ratings & Research for its prior debt pools.

The secured nature of these upcoming NCDs provides an added layer of safety to corporate investors, offering fixed-income returns collateralized directly against the underlying financial assets of the firm. Stock market reaction to the announcement was stable, with Mufin shares closing near 123.50 rupees on the BSE, hovering safely close to its 52-week highs.

Official Sources Section

The corporate action was ratified via an executive board resolution under the regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed asset breakdowns and allocation schedules will be published in subsequent statutory filings.

Executive Quotes

"The board has evaluated multiple financing channels to support our structural growth roadmap," organizers stated in a compliance update. "The issuance of these listed secured non-convertible debentures ensures a stable, long-term capital runway to service the high demand for electric vehicle and alternative retail ecosystems."

Why It Matters

For regular consumers, small businesses, and electric transport fleets, this capital raise ensures a uninterrupted supply of accessible credit. As traditional commercial banking institutions continue to exercise caution around early-stage EV lending markets, dedicated green NBFCs like Mufin bridge the crucial credit gap. For institutional investors, the listed asset offers a high-yield, secured route to participate in India's sustainability transformation.

Key Facts at a Glance

• Total Debt Value: Up to 1.19 billion Indian rupees (INR 1.19 Bln).

• Structure: Listed, Rated, Secured, Redeemable Non-Convertible Debentures (NCDs).

• Allocation Basis: Private placement to select institutional and accredited corporate entities.

• Financial Momentum: Follows a 208% year-on-year surge in the company's Q4 consolidated net profit.

Frequently Asked Questions

What are Listed Secured NCDs?

Non-Convertible Debentures (NCDs) are long-term debt instruments issued by corporations to raise capital. "Secured" implies the debt is backed by the company's assets, reducing investor risk, while "Listed" means they can be traded on formal stock exchanges like the BSE or NSE.

How will Mufin Green Finance utilize these funds?

The company will utilize the proceeds to finance its rapidly growing green asset portfolio, focusing largely on electric vehicles, battery technologies, solar solutions, and specialized retail credit lines.

Is this transition secure for retail stock buyers?

This specific NCD issuance is targeted via private placement towards corporate and institutional debt investors rather than equity shareholders. However, the resulting capital injection historically provides public companies with stronger balances to drive profitability.

Source: BSE Corporate Compliance Filings, NSE India Corporate Announcements, Mufin Green Finance Investor Relations Office Statement