
Business Update5 Nov 2026, 10:01 pm
Mufin Green Finance: No Deviation in Utilisation of Funds
AI Summary
Mufin Green Finance Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by Acuite Ratings & Research Limited, confirms no deviation in the utilization of proceeds from the preferential issue of equity shares and warrants. The company raised ₹244.32 Crore from equity shares and ₹18.75 Crore from warrants, with the remaining 75% of the warrant issue amount receivable by August 2027. All utilization is reported to be in line with the objects disclosed in the offer document. No material unfavorable events affecting the viability of the objects were observed.
Key Highlights
- No deviation in fund utilization reported for Q2 FY26-27.
- Proceeds raised from preferential issue of equity and warrants monitored.
- Remaining warrant issue amount receivable by August 2027.
- Utilization aligns with disclosed objects in the offer document.
- No material unfavorable events impacting project viability.
Price Impact
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